Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.30% | +0.04 | 2.26% |
| Return on Equity (%) | ▲ | 27.35% | +0.74 | 26.61% |
| Net Interest Margin (%) | ▼ | 4.94% | -0.30 | 5.24% |
| Efficiency Ratio (%) | ▲ | 51.55% | -1.81 | 53.36% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.26 | $2 |
| Cost of Funds (%) | ▲ | 1.97% | -0.33 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $467 | +54.97 | $412 |
| Gross Loans ($M) | ▲ | $375 | +35.55 | $339 |
| Loan Growth YoY (%) | ▼ | 87.74% | -2.50 | 90.24% |
| Total Deposits ($M) | ▲ | $423 | +50.27 | $373 |
| Shareholders Equity ($M) | ▲ | $39 | +4.23 | $35 |
| Tang. Book Value ($M) | ▲ | $37 | +4.23 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 87.74% | -2.50 | 90.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -1.88 | 2.17% |
| Allowance / Loans (%) | — | 0.96% | 0.12% | 0.83% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -2.28 | 2.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.45% | +0.06 | 10.40% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▃▄▄▄▁ | Net Interest Margin (%) | 6.10% | 6.10% | 5.87% | 5.24% | 5.41% | 5.48% | 5.50% | 4.94% |
| ██▆▁▃▄▁▁ | Return on Assets (%) | 2.95% | 2.98% | 2.70% | 2.26% | 2.46% | 2.60% | 2.24% | 2.30% |
| ▄▂▅█▂▁▁▆ | Efficiency Ratio (%) | 50.3% | 49.2% | 51.1% | 53.4% | 49.2% | 48.3% | 48.8% | 51.5% |
| ▆███▅▇▅▁ | Cost of Funds (%) | 2.19% | 2.30% | 2.31% | 2.31% | 2.18% | 2.25% | 2.16% | 1.97% |
| █▇▆█▆▃▁▁ | NPA / Assets (%) | 1.99% | 1.78% | 1.66% | 2.17% | 1.59% | 0.84% | 0.32% | 0.29% |
| █▇▇█▆▂▁▁ | Net Charge-Off Ratio (%) | 2.43% | 2.11% | 2.13% | 2.63% | 1.88% | 0.88% | 0.30% | 0.36% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $31 | $33 | $32 | $33 | $34 | $35 | $36 | $37 |
| ▁▁▂▄▇███ | Gross Loans ($M) | $308 | $317 | $321 | $339 | $366 | $382 | $378 | $375 |
| ▁▁▃▃▅▆██ | Total Deposits ($M) | $348 | $344 | $373 | $373 | $392 | $401 | $420 | $423 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 12% |
| Agricultural | 17% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 23% |