Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.12 | 1.52% |
| Return on Equity (%) | ▼ | 13.46% | -0.12 | 13.58% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.10 | 3.88% |
| Efficiency Ratio (%) | ▲ | 50.46% | -1.79 | 52.25% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.36 | $3 |
| Cost of Funds (%) | ▲ | 1.29% | -0.12 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $627 | +25.96 | $601 |
| Gross Loans ($M) | ▼ | $366 | -18.11 | $384 |
| Loan Growth YoY (%) | ▼ | 66.52% | -5.57 | 72.09% |
| Total Deposits ($M) | ▲ | $542 | +16.89 | $526 |
| Shareholders Equity ($M) | ▲ | $77 | +8.92 | $68 |
| Tang. Book Value ($M) | ▲ | $77 | +8.92 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $85 | +9.91 | $75 |
| Loan / Deposit Ratio (%) | ▼ | 66.52% | -5.57 | 72.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.09 | 0.14% |
| Allowance / Loans (%) | — | 1.44% | 0.05% | 1.39% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.14 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅███▇ | Net Interest Margin (%) | 3.64% | 3.72% | 3.77% | 3.88% | 4.00% | 4.04% | 4.05% | 3.98% |
| ▁▂▁▅▇█▆█ | Return on Assets (%) | 1.31% | 1.40% | 1.33% | 1.52% | 1.63% | 1.68% | 1.57% | 1.64% |
| ▆▅█▃▁▁▄▁ | Efficiency Ratio (%) | 55.7% | 54.9% | 57.9% | 52.2% | 50.3% | 50.0% | 53.6% | 50.5% |
| ▁▃▂▆█▇▂▁ | Cost of Funds (%) | 1.28% | 1.33% | 1.32% | 1.41% | 1.47% | 1.43% | 1.31% | 1.29% |
| ▂▂▁█▁▁▁▁ | NPA / Assets (%) | 0.06% | 0.05% | 0.04% | 0.14% | 0.04% | 0.03% | 0.03% | 0.04% |
| ▂▁▁█▁▁▁▂ | Net Charge-Off Ratio (%) | 0.08% | 0.07% | 0.06% | 0.21% | 0.06% | 0.05% | 0.06% | 0.07% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $61 | $65 | $65 | $68 | $71 | $74 | $76 | $77 |
| ▇██▆█▆▄▁ | Gross Loans ($M) | $386 | $391 | $392 | $384 | $391 | $386 | $378 | $366 |
| ▁▁▅▆▅▄██ | Total Deposits ($M) | $486 | $490 | $519 | $526 | $517 | $511 | $543 | $542 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 9% |
| Agricultural | 7% |
| Consumer | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 9% |