Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.81% | +0.45 | 1.36% |
| Return on Equity (%) | ▲ | 17.75% | +1.88 | 15.87% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.52 | 3.56% |
| Efficiency Ratio (%) | ▲ | 51.75% | -10.35 | 62.09% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.86 | $2 |
| Cost of Funds (%) | ▲ | 1.45% | -0.28 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $498 | +10.68 | $488 |
| Gross Loans ($M) | ▲ | $293 | +25.11 | $268 |
| Loan Growth YoY (%) | ▲ | 66.86% | +2.66 | 64.20% |
| Total Deposits ($M) | ▲ | $431 | +20.77 | $410 |
| Shareholders Equity ($M) | ▲ | $53 | +8.90 | $44 |
| Tang. Book Value ($M) | ▲ | $49 | +8.89 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +8.35 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 66.86% | +2.66 | 64.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.04 | 0.12% |
| Allowance / Loans (%) | — | 1.79% | -0.05% | 1.84% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.04 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▅█ | Net Interest Margin (%) | 3.45% | 3.45% | 3.50% | 3.56% | 3.67% | 3.77% | 3.80% | 4.09% |
| ▁▁▃▁▄▅▆█ | Return on Assets (%) | 1.33% | 1.38% | 1.45% | 1.36% | 1.53% | 1.62% | 1.64% | 1.81% |
| █▇▆█▆▄▃▁ | Efficiency Ratio (%) | 61.8% | 60.1% | 58.8% | 62.1% | 58.3% | 56.2% | 55.2% | 51.7% |
| ▅█▆▄▃▃▃▁ | Cost of Funds (%) | 1.81% | 2.06% | 1.90% | 1.73% | 1.64% | 1.66% | 1.67% | 1.45% |
| ▁▁▁▁█▁▁▂ | NPA / Assets (%) | 0.07% | 0.09% | 0.10% | 0.12% | 0.61% | 0.13% | 0.11% | 0.16% |
| ▁▁▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.15% | 0.16% | 0.17% | 0.21% | 1.07% | 0.21% | 0.17% | 0.26% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $33 | $38 | $37 | $40 | $42 | $45 | $48 | $49 |
| ▁▂▃▃▄▇█▆ | Gross Loans ($M) | $249 | $263 | $272 | $268 | $280 | $299 | $313 | $293 |
| ▇▅▅▁▁▆█▇ | Total Deposits ($M) | $431 | $425 | $423 | $410 | $409 | $427 | $436 | $431 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 41% |
| C&I / Commercial | 17% |
| Agricultural | 36% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 11% |