Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.99% | -0.33 | 1.31% |
| Return on Equity (%) | ▼ | 10.57% | -4.37 | 14.94% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.15 | 3.53% |
| Efficiency Ratio (%) | ▼ | 63.50% | +2.23 | 61.27% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.11 | $2 |
| Cost of Funds (%) | ▼ | 1.53% | +0.00 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $383 | +10.37 | $373 |
| Gross Loans ($M) | ▲ | $228 | +16.88 | $211 |
| Loan Growth YoY (%) | ▲ | 64.18% | +2.91 | 61.27% |
| Total Deposits ($M) | ▲ | $346 | +7.16 | $339 |
| Shareholders Equity ($M) | ▲ | $36 | +3.04 | $33 |
| Tang. Book Value ($M) | ▲ | $36 | +3.04 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +2.20 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 64.18% | +2.91 | 61.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.30 | 0.25% |
| Allowance / Loans (%) | — | 2.59% | 0.95% | 1.64% |
| Net Charge-Off Ratio (%) | ▼ | 0.93% | +0.67 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.81% | +0.66 | 16.15% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇▇███ | Net Interest Margin (%) | 2.97% | 3.11% | 3.23% | 3.53% | 3.59% | 3.65% | 3.65% | 3.68% |
| ▁▁▁▆█▇▃▄ | Return on Assets (%) | 0.49% | 0.49% | 0.56% | 1.31% | 1.64% | 1.37% | 0.90% | 0.99% |
| █▇▇▃▁▂▃▃ | Efficiency Ratio (%) | 79.8% | 76.1% | 74.7% | 61.3% | 54.7% | 60.8% | 63.3% | 63.5% |
| ▄▆▄▁▅█▂▁ | Cost of Funds (%) | 1.57% | 1.60% | 1.58% | 1.53% | 1.59% | 1.63% | 1.54% | 1.53% |
| ▁▁▁▃▃▃▃█ | NPA / Assets (%) | 0.11% | 0.11% | 0.12% | 0.25% | 0.25% | 0.25% | 0.23% | 0.55% |
| ▁▁▁▃▃▃▄█ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.02% | 0.26% | 0.25% | 0.25% | 0.37% | 0.93% |
| ▁▂▃▄▇█▇█ | Tang. Book Value ($M) | $30 | $32 | $32 | $33 | $35 | $35 | $35 | $36 |
| ▁▁▁▃▄▅██ | Gross Loans ($M) | $203 | $205 | $206 | $211 | $215 | $219 | $230 | $228 |
| ▁▁▁▅▅▃▇█ | Total Deposits ($M) | $329 | $328 | $329 | $339 | $338 | $333 | $341 | $346 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 10% |
| Agricultural | 4% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 1% |