Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.12 | 1.07% |
| Return on Equity (%) | ▲ | 14.17% | +1.37 | 12.80% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.17 | 3.22% |
| Efficiency Ratio (%) | ▲ | 65.44% | -1.94 | 67.38% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.33 | $2 |
| Cost of Funds (%) | ▲ | 2.16% | -0.36 | 2.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $654 | +36.18 | $617 |
| Gross Loans ($M) | ▲ | $501 | +49.42 | $452 |
| Loan Growth YoY (%) | ▲ | 82.66% | +3.52 | 79.14% |
| Total Deposits ($M) | ▲ | $598 | +35.94 | $562 |
| Shareholders Equity ($M) | ▲ | $54 | +3.73 | $50 |
| Tang. Book Value ($M) | ▲ | $52 | +3.75 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +3.58 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 82.66% | +3.52 | 79.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.14 | 0.40% |
| Allowance / Loans (%) | — | 1.46% | -0.18% | 1.63% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.19 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.89% | -0.17 | 12.07% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▆▁▆██▇ | Net Interest Margin (%) | 3.44% | 3.38% | 3.37% | 3.22% | 3.37% | 3.42% | 3.42% | 3.38% |
| ▄▃▁▁▅███ | Return on Assets (%) | 1.13% | 1.11% | 1.08% | 1.07% | 1.15% | 1.18% | 1.19% | 1.19% |
| ▅▆█▆▃▂▁▁ | Efficiency Ratio (%) | 67.1% | 67.5% | 68.4% | 67.4% | 66.4% | 65.8% | 65.7% | 65.4% |
| ▇█▇▆▅▄▂▁ | Cost of Funds (%) | 2.53% | 2.64% | 2.56% | 2.52% | 2.44% | 2.36% | 2.25% | 2.16% |
| ▁▁▄█▅▅▄▄ | NPA / Assets (%) | 0.16% | 0.16% | 0.27% | 0.40% | 0.30% | 0.30% | 0.27% | 0.26% |
| ▁▁▄█▅▅▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.15% | 0.33% | 0.19% | 0.20% | 0.16% | 0.15% |
| ▂▃▂▁▁▅█▇ | Tang. Book Value ($M) | $48 | $49 | $48 | $48 | $47 | $50 | $53 | $52 |
| ▁▂▄▄▄▅██ | Gross Loans ($M) | $416 | $428 | $453 | $452 | $458 | $460 | $499 | $501 |
| ▁▁▂▅▄▄▇█ | Total Deposits ($M) | $513 | $522 | $530 | $562 | $547 | $553 | $579 | $598 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 6% |
| Agricultural | 33% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 25% |