Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.27 | 1.08% |
| Return on Equity (%) | ▲ | 11.43% | +1.75 | 9.68% |
| Net Interest Margin (%) | ▲ | 4.51% | +0.30 | 4.21% |
| Efficiency Ratio (%) | ▲ | 59.72% | -6.00 | 65.71% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.41 | $1 |
| Cost of Funds (%) | ▲ | 2.02% | -0.16 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $383 | +16.96 | $366 |
| Gross Loans ($M) | ▲ | $291 | +6.40 | $284 |
| Loan Growth YoY (%) | ▼ | 88.46% | -1.47 | 89.93% |
| Total Deposits ($M) | ▲ | $326 | +12.44 | $313 |
| Shareholders Equity ($M) | ▲ | $45 | +4.47 | $41 |
| Tang. Book Value ($M) | ▲ | $45 | +4.47 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +4.51 | $43 |
| Loan / Deposit Ratio (%) | ▼ | 88.46% | -1.47 | 89.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.16 | 0.02% |
| Allowance / Loans (%) | — | 0.96% | -0.02% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.21 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.02% | +0.67 | 14.35% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▄█ | Net Interest Margin (%) | 4.21% | 4.21% | 4.18% | 4.21% | 4.29% | 4.34% | 4.34% | 4.51% |
| ▁▁▁▂▃▄▄█ | Return on Assets (%) | 1.05% | 1.05% | 1.02% | 1.08% | 1.14% | 1.18% | 1.16% | 1.35% |
| ███▇▅▅▅▁ | Efficiency Ratio (%) | 66.1% | 66.1% | 67.0% | 65.7% | 64.2% | 63.5% | 64.1% | 59.7% |
| ▆█▅▃▂▃▂▁ | Cost of Funds (%) | 2.38% | 2.53% | 2.30% | 2.18% | 2.11% | 2.20% | 2.12% | 2.02% |
| ▁█▁▁▄▅▆▃ | NPA / Assets (%) | 0.07% | 0.62% | 0.03% | 0.02% | 0.26% | 0.34% | 0.40% | 0.18% |
| ▁█▁▁▄▅▆▃ | Net Charge-Off Ratio (%) | 0.08% | 0.79% | 0.03% | 0.02% | 0.32% | 0.43% | 0.52% | 0.23% |
| ▁▂▂▃▅▆██ | Tang. Book Value ($M) | $38 | $40 | $40 | $41 | $42 | $44 | $45 | $45 |
| ▃▁▂▂▇█▅▄ | Gross Loans ($M) | $288 | $281 | $285 | $284 | $298 | $301 | $293 | $291 |
| ▁▁▄▅▆▆██ | Total Deposits ($M) | $294 | $298 | $308 | $313 | $315 | $317 | $324 | $326 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 7% |
| Agricultural | 36% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 21% |