Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.52 | 0.58% |
| Return on Equity (%) | ▲ | 9.56% | +3.94 | 5.62% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.28 | 3.45% |
| Efficiency Ratio (%) | ▲ | 56.91% | -5.94 | 62.85% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.60 | $2 |
| Cost of Funds (%) | ▲ | 1.47% | -0.13 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $569 | +35.17 | $533 |
| Gross Loans ($M) | ▲ | $315 | +32.03 | $283 |
| Loan Growth YoY (%) | ▲ | 64.67% | +3.16 | 61.51% |
| Total Deposits ($M) | ▲ | $482 | +26.57 | $455 |
| Shareholders Equity ($M) | ▲ | $64 | +8.20 | $56 |
| Tang. Book Value ($M) | ▲ | $60 | +8.20 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +8.55 | $61 |
| Loan / Deposit Ratio (%) | ▲ | 64.67% | +3.16 | 61.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.00 | 0.12% |
| Allowance / Loans (%) | — | 1.22% | 0.02% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.02 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▆▇██ | Net Interest Margin (%) | 3.30% | 3.31% | 3.30% | 3.45% | 3.60% | 3.67% | 3.67% | 3.73% |
| ██▅▁▆█▇█ | Return on Assets (%) | 1.12% | 1.09% | 0.91% | 0.58% | 0.97% | 1.16% | 1.06% | 1.10% |
| ▄▅█▅▂▁▃▁ | Efficiency Ratio (%) | 61.4% | 62.1% | 68.5% | 62.9% | 57.3% | 55.5% | 59.7% | 56.9% |
| ██▆▅▄▅▂▁ | Cost of Funds (%) | 1.69% | 1.68% | 1.63% | 1.60% | 1.56% | 1.58% | 1.52% | 1.47% |
| ▄▁▃█▆▇▂▇ | NPA / Assets (%) | 0.10% | 0.09% | 0.10% | 0.12% | 0.11% | 0.12% | 0.10% | 0.12% |
| ▅▁▃█▄▆▁▆ | Net Charge-Off Ratio (%) | 0.20% | 0.17% | 0.19% | 0.23% | 0.20% | 0.21% | 0.18% | 0.21% |
| ▁▃▂▃▄▇█▇ | Tang. Book Value ($M) | $47 | $53 | $50 | $52 | $55 | $60 | $63 | $60 |
| ▁▂▃▄▆▆██ | Gross Loans ($M) | $260 | $269 | $277 | $283 | $302 | $300 | $310 | $315 |
| ▁▁▄▅▄▄██ | Total Deposits ($M) | $430 | $426 | $453 | $455 | $453 | $454 | $479 | $482 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 6% |
| Agricultural | 20% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 7% |