Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.07% | -0.11 | 1.18% |
| Return on Equity (%) | ▼ | 9.80% | -1.58 | 11.38% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.03 | 3.73% |
| Efficiency Ratio (%) | ▼ | 63.35% | +1.10 | 62.25% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.04 | $2 |
| Cost of Funds (%) | ▲ | 1.33% | -0.06 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $615 | +47.89 | $567 |
| Gross Loans ($M) | ▲ | $365 | +22.66 | $342 |
| Loan Growth YoY (%) | ▼ | 66.35% | -1.06 | 67.41% |
| Total Deposits ($M) | ▲ | $543 | +40.95 | $502 |
| Shareholders Equity ($M) | ▲ | $66 | +6.51 | $59 |
| Tang. Book Value ($M) | ▲ | $66 | +6.51 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +6.12 | $66 |
| Loan / Deposit Ratio (%) | ▼ | 66.35% | -1.06 | 67.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.05 | 0.02% |
| Allowance / Loans (%) | — | 1.30% | 0.16% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.08 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅██▄ | Net Interest Margin (%) | 3.60% | 3.67% | 3.69% | 3.73% | 3.79% | 3.91% | 3.95% | 3.77% |
| ▇▇▆▃▅██▁ | Return on Assets (%) | 1.33% | 1.33% | 1.30% | 1.18% | 1.26% | 1.41% | 1.42% | 1.07% |
| ▇▆▆▇▆▂▁█ | Efficiency Ratio (%) | 62.6% | 61.8% | 61.6% | 62.3% | 61.7% | 59.4% | 58.5% | 63.3% |
| ▂▅▆▅▇█▆▁ | Cost of Funds (%) | 1.36% | 1.39% | 1.40% | 1.39% | 1.42% | 1.43% | 1.40% | 1.33% |
| █▆▂▁▆▁▁▂ | NPA / Assets (%) | 0.35% | 0.24% | 0.06% | 0.02% | 0.23% | 0.04% | 0.01% | 0.06% |
| █▂▂▁▅▁▁▂ | Net Charge-Off Ratio (%) | 0.58% | 0.13% | 0.10% | 0.03% | 0.36% | 0.07% | 0.02% | 0.10% |
| ▁▃▄▄▅▇██ | Tang. Book Value ($M) | $53 | $58 | $58 | $59 | $61 | $64 | $66 | $66 |
| ▁▃▁▃▆█▆▆ | Gross Loans ($M) | $325 | $344 | $324 | $342 | $359 | $378 | $362 | $365 |
| ▁▁▂▃▃▅▆█ | Total Deposits ($M) | $488 | $488 | $500 | $502 | $502 | $516 | $524 | $543 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 17% |
| Agricultural | 9% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 13% |