Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.39% | +0.02 | 2.37% |
| Return on Equity (%) | ▼ | 23.88% | -1.23 | 25.11% |
| Net Interest Margin (%) | ▲ | 4.39% | +0.15 | 4.24% |
| Efficiency Ratio (%) | ▼ | 50.62% | +3.29 | 47.33% |
| Pre-Provision Profit ($M) | ▼ | $6 | -0.04 | $6 |
| Cost of Funds (%) | ▲ | 1.50% | -0.12 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,078 | +26.28 | $1,052 |
| Gross Loans ($M) | ▲ | $871 | +23.36 | $847 |
| Loan Growth YoY (%) | ▲ | 101.28% | +0.68 | 100.61% |
| Total Deposits ($M) | ▲ | $847 | +17.10 | $830 |
| Shareholders Equity ($M) | ▲ | $108 | +5.68 | $102 |
| Tang. Book Value ($M) | ▲ | $106 | +5.77 | $100 |
| TBV excl. AOCI ($M)** | ▲ | $114 | +6.03 | $108 |
| Loan / Deposit Ratio (%) | ▲ | 101.28% | +0.68 | 100.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.46 | 0.09% |
| Allowance / Loans (%) | — | 1.52% | 0.01% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.57 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇████ | Net Interest Margin (%) | 3.72% | 3.76% | 3.82% | 4.24% | 4.32% | 4.35% | 4.38% | 4.39% |
| ▁▁▁▇█▇▇▇ | Return on Assets (%) | 2.00% | 2.00% | 2.05% | 2.37% | 2.49% | 2.43% | 2.43% | 2.39% |
| ███▃▁▂▄█ | Efficiency Ratio (%) | 50.8% | 51.1% | 50.7% | 47.3% | 46.0% | 47.1% | 48.1% | 50.6% |
| ██▆▃▂▃▁▁ | Cost of Funds (%) | 1.84% | 1.83% | 1.73% | 1.62% | 1.55% | 1.60% | 1.50% | 1.50% |
| ▁▁▁▁▁▅██ | NPA / Assets (%) | 0.10% | 0.10% | 0.13% | 0.09% | 0.09% | 0.35% | 0.50% | 0.55% |
| ▁▁▁▁▁▅██ | Net Charge-Off Ratio (%) | 0.12% | 0.13% | 0.16% | 0.11% | 0.11% | 0.43% | 0.62% | 0.68% |
| ▁▃▃▅▃▇██ | Tang. Book Value ($M) | $90 | $96 | $95 | $100 | $96 | $103 | $106 | $106 |
| ▁▂▇▄▆▅██ | Gross Loans ($M) | $833 | $839 | $865 | $847 | $858 | $855 | $869 | $871 |
| ▁▄▄▆▃▇▂█ | Total Deposits ($M) | $783 | $810 | $808 | $830 | $806 | $835 | $794 | $847 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Agricultural | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 12% |