Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.13 | 1.46% |
| Return on Equity (%) | ▼ | 17.98% | -0.85 | 18.83% |
| Net Interest Margin (%) | ▼ | 4.69% | -0.04 | 4.72% |
| Efficiency Ratio (%) | ▲ | 49.94% | -5.06 | 55.00% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.66 | $4 |
| Cost of Funds (%) | ▲ | 1.94% | -0.17 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $801 | +55.43 | $745 |
| Gross Loans ($M) | ▲ | $612 | +61.45 | $551 |
| Loan Growth YoY (%) | ▲ | 84.73% | +4.97 | 79.76% |
| Total Deposits ($M) | ▲ | $714 | +31.89 | $682 |
| Shareholders Equity ($M) | ▲ | $71 | +11.07 | $60 |
| Tang. Book Value ($M) | ▲ | $71 | +11.07 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +10.90 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 84.73% | +4.97 | 79.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.92% | -0.43 | 2.35% |
| Allowance / Loans (%) | — | 1.17% | -0.03% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 2.22% | -0.63 | 2.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▃▇▄▅▂ | Net Interest Margin (%) | 4.83% | 4.83% | 4.66% | 4.72% | 4.81% | 4.73% | 4.76% | 4.69% |
| ▇▆▁▇▇███ | Return on Assets (%) | 1.42% | 1.28% | 0.74% | 1.46% | 1.48% | 1.58% | 1.55% | 1.59% |
| ▄▅█▂▂▁▂▁ | Efficiency Ratio (%) | 61.7% | 62.3% | 73.9% | 55.0% | 54.9% | 52.2% | 53.8% | 49.9% |
| ▄█▆▄▄▅▃▁ | Cost of Funds (%) | 2.10% | 2.33% | 2.23% | 2.11% | 2.11% | 2.14% | 2.04% | 1.94% |
| ▁▇██▇▁▂▅ | NPA / Assets (%) | 1.43% | 2.24% | 2.31% | 2.35% | 2.21% | 1.48% | 1.62% | 1.92% |
| ▁▇█▆▆▁▁▃ | Net Charge-Off Ratio (%) | 1.96% | 2.96% | 3.21% | 2.85% | 2.76% | 1.83% | 1.82% | 2.22% |
| ▁▃▁▃▄▅▇█ | Tang. Book Value ($M) | $55 | $60 | $56 | $60 | $62 | $65 | $68 | $71 |
| ▁▁▂▄▆▅██ | Gross Loans ($M) | $509 | $520 | $529 | $551 | $578 | $564 | $602 | $612 |
| ▂▁▆▆▇▆▆█ | Total Deposits ($M) | $620 | $602 | $677 | $682 | $696 | $685 | $673 | $714 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 11% |
| Agricultural | 2% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 18% |