Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.29 | 0.95% |
| Return on Equity (%) | ▲ | 5.90% | +1.29 | 4.61% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.19 | 3.33% |
| Efficiency Ratio (%) | ▼ | 65.01% | +1.55 | 63.46% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▼ | 2.45% | +0.07 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $345 | +10.33 | $335 |
| Gross Loans ($M) | ▲ | $289 | +12.18 | $277 |
| Loan Growth YoY (%) | ▲ | 120.24% | +1.76 | 118.48% |
| Total Deposits ($M) | ▲ | $239 | +6.92 | $232 |
| Shareholders Equity ($M) | ▲ | $73 | +3.47 | $70 |
| Tang. Book Value ($M) | ▲ | $73 | +3.47 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +3.71 | $71 |
| Loan / Deposit Ratio (%) | ▲ | 120.24% | +1.76 | 118.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.55% | -0.30 | 0.84% |
| Allowance / Loans (%) | — | 0.55% | -0.10% | 0.65% |
| Net Charge-Off Ratio (%) | ▲ | 0.65% | -0.37 | 1.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇▇▇█ | Net Interest Margin (%) | 2.97% | 2.94% | 3.00% | 3.33% | 3.42% | 3.42% | 3.44% | 3.52% |
| ▁▃▅▅▆█▇█ | Return on Assets (%) | 0.64% | 0.83% | 0.97% | 0.95% | 1.03% | 1.21% | 1.14% | 1.25% |
| ██▅▅▂▁▁▆ | Efficiency Ratio (%) | 70.6% | 68.6% | 63.0% | 63.5% | 57.9% | 54.7% | 56.0% | 65.0% |
| ▇▇█▁▇█▆▅ | Cost of Funds (%) | 2.50% | 2.50% | 2.51% | 2.38% | 2.49% | 2.52% | 2.48% | 2.45% |
| █▅▃▃▁▁▂▁ | NPA / Assets (%) | 1.50% | 1.07% | 0.86% | 0.84% | 0.53% | 0.49% | 0.64% | 0.55% |
| █▅▄▃▁▁▂▁ | Net Charge-Off Ratio (%) | 1.83% | 1.30% | 1.11% | 1.02% | 0.64% | 0.60% | 0.79% | 0.65% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $68 | $69 | $69 | $70 | $71 | $72 | $72 | $73 |
| ▁▃▂▅▄▅▅█ | Gross Loans ($M) | $258 | $269 | $263 | $277 | $272 | $275 | $278 | $289 |
| ▁▅▇▆▆███ | Total Deposits ($M) | $205 | $227 | $236 | $232 | $234 | $240 | $244 | $239 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 28% |
| Agricultural | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 28% |