Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.92% | +0.24 | 1.68% |
| Return on Equity (%) | ▲ | 16.50% | +1.06 | 15.44% |
| Net Interest Margin (%) | ▲ | 4.84% | +0.30 | 4.54% |
| Efficiency Ratio (%) | ▲ | 48.49% | -3.85 | 52.33% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.31 | $2 |
| Cost of Funds (%) | ▲ | 1.94% | -0.19 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $278 | +10.12 | $267 |
| Gross Loans ($M) | ▲ | $234 | +12.05 | $222 |
| Loan Growth YoY (%) | ▲ | 96.24% | +1.44 | 94.80% |
| Total Deposits ($M) | ▲ | $240 | +8.77 | $231 |
| Shareholders Equity ($M) | ▲ | $32 | +3.38 | $28 |
| Tang. Book Value ($M) | ▲ | $32 | +3.38 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +3.43 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 96.24% | +1.44 | 94.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.07 | 0.15% |
| Allowance / Loans (%) | — | 1.34% | 0.06% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.07 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.29% | +1.47 | 14.82% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▃▅▆▇█ | Net Interest Margin (%) | 4.40% | 4.47% | 4.54% | 4.54% | 4.64% | 4.72% | 4.77% | 4.84% |
| ▁▂▂▄▆▇▆█ | Return on Assets (%) | 1.47% | 1.57% | 1.55% | 1.68% | 1.79% | 1.83% | 1.76% | 1.92% |
| █▇▇▄▂▁▃▁ | Efficiency Ratio (%) | 57.0% | 55.1% | 55.6% | 52.3% | 49.6% | 49.3% | 50.8% | 48.5% |
| ▄▇█▆▇▅▅▁ | Cost of Funds (%) | 2.05% | 2.17% | 2.22% | 2.12% | 2.15% | 2.10% | 2.08% | 1.94% |
| ▂▂▄▁▇██▂ | NPA / Assets (%) | 0.21% | 0.21% | 0.29% | 0.15% | 0.40% | 0.45% | 0.42% | 0.21% |
| ▂▂▄▁▇█▇▂ | Net Charge-Off Ratio (%) | 0.25% | 0.24% | 0.33% | 0.17% | 0.46% | 0.52% | 0.47% | 0.24% |
| ▁▃▃▃▅▇██ | Tang. Book Value ($M) | $26 | $28 | $29 | $28 | $30 | $31 | $32 | $32 |
| ▁▄▅▅▇███ | Gross Loans ($M) | $209 | $219 | $222 | $222 | $229 | $232 | $232 | $234 |
| ▁▂▁▅▆▅▆█ | Total Deposits ($M) | $217 | $221 | $218 | $231 | $232 | $231 | $232 | $240 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 10% |
| Agricultural | 4% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 10% |