Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.87% | +0.42 | 0.45% |
| Return on Equity (%) | ▲ | 11.59% | +4.98 | 6.61% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.61 | 2.76% |
| Efficiency Ratio (%) | ▲ | 68.18% | -11.79 | 79.97% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.80 | $1 |
| Cost of Funds (%) | ▲ | 1.63% | -0.48 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $583 | +23.47 | $559 |
| Gross Loans ($M) | ▲ | $401 | +7.25 | $394 |
| Loan Growth YoY (%) | ▼ | 74.34% | -1.36 | 75.71% |
| Total Deposits ($M) | ▲ | $534 | +19.06 | $515 |
| Shareholders Equity ($M) | ▲ | $44 | +5.04 | $39 |
| Tang. Book Value ($M) | ▲ | $44 | +5.04 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +4.74 | $44 |
| Loan / Deposit Ratio (%) | ▼ | 74.34% | -1.36 | 75.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.02 | 0.20% |
| Allowance / Loans (%) | — | 1.01% | 0.01% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.26% | -0.02 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.01% | +0.33 | 12.68% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▆▆▇█ | Net Interest Margin (%) | 2.59% | 2.57% | 2.61% | 2.76% | 3.07% | 3.13% | 3.19% | 3.37% |
| ▁▁▁▂▆▆▇█ | Return on Assets (%) | 0.36% | 0.36% | 0.35% | 0.45% | 0.68% | 0.73% | 0.75% | 0.87% |
| ███▆▃▃▂▁ | Efficiency Ratio (%) | 84.5% | 84.7% | 85.0% | 80.0% | 73.8% | 72.4% | 71.7% | 68.2% |
| ███▆▂▃▂▁ | Cost of Funds (%) | 2.27% | 2.23% | 2.19% | 2.11% | 1.76% | 1.80% | 1.73% | 1.63% |
| ▁▂▅█▅▄█▇ | NPA / Assets (%) | 0.07% | 0.10% | 0.16% | 0.20% | 0.15% | 0.14% | 0.21% | 0.18% |
| ▁▂▅█▅▅█▇ | Net Charge-Off Ratio (%) | 0.10% | 0.14% | 0.22% | 0.28% | 0.21% | 0.20% | 0.29% | 0.26% |
| ▁▄▁▂▃▆██ | Tang. Book Value ($M) | $38 | $40 | $38 | $39 | $40 | $42 | $44 | $44 |
| ▁▂▆▂▄▆█▄ | Gross Loans ($M) | $389 | $393 | $411 | $394 | $403 | $410 | $420 | $401 |
| ▁▅▆▂▅▇▇█ | Total Deposits ($M) | $510 | $525 | $526 | $515 | $523 | $530 | $530 | $534 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 9% |
| Agricultural | 13% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 22% |