Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.10% | +0.83 | 1.27% |
| Return on Equity (%) | ▲ | 22.57% | +8.36 | 14.21% |
| Net Interest Margin (%) | ▲ | 5.36% | +0.51 | 4.85% |
| Efficiency Ratio (%) | ▲ | 51.08% | -5.89 | 56.97% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.48 | $4 |
| Cost of Funds (%) | ▲ | 1.86% | -0.18 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $804 | +61.82 | $742 |
| Gross Loans ($M) | ▲ | $672 | +24.29 | $648 |
| Loan Growth YoY (%) | ▼ | 95.96% | -2.97 | 98.94% |
| Total Deposits ($M) | ▲ | $686 | +42.54 | $644 |
| Shareholders Equity ($M) | ▲ | $75 | +8.55 | $67 |
| Tang. Book Value ($M) | ▲ | $74 | +8.55 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +8.73 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 95.96% | -2.97 | 98.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.13 | 0.44% |
| Allowance / Loans (%) | — | 1.97% | 0.33% | 1.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.15 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 4.43% | 4.46% | 4.56% | 4.85% | 5.05% | 5.14% | 5.23% | 5.36% |
| ▁▂▂▄▄▄▅█ | Return on Assets (%) | 0.70% | 0.90% | 0.96% | 1.27% | 1.27% | 1.31% | 1.46% | 2.10% |
| █▇▇▄▃▃▂▁ | Efficiency Ratio (%) | 63.0% | 61.4% | 60.8% | 57.0% | 55.3% | 55.0% | 53.5% | 51.1% |
| ██▅▄▄▃▂▁ | Cost of Funds (%) | 2.29% | 2.29% | 2.11% | 2.04% | 2.02% | 1.99% | 1.95% | 1.86% |
| █▇▁█▁▁▆▁ | NPA / Assets (%) | 0.44% | 0.41% | 0.32% | 0.44% | 0.31% | 0.31% | 0.41% | 0.31% |
| ██▂█▂▁▄▁ | Net Charge-Off Ratio (%) | 0.51% | 0.49% | 0.36% | 0.49% | 0.36% | 0.32% | 0.40% | 0.34% |
| ▁▂▂▃▄▅▇█ | Tang. Book Value ($M) | $61 | $64 | $64 | $65 | $67 | $69 | $71 | $74 |
| ▁▁▃▆▇███ | Gross Loans ($M) | $610 | $604 | $629 | $648 | $657 | $666 | $664 | $672 |
| ▁▂▄▅▅▇▆█ | Total Deposits ($M) | $598 | $614 | $636 | $644 | $648 | $668 | $662 | $686 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 22% |
| Agricultural | 6% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 22% |