Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.55% | +0.20 | 1.35% |
| Return on Equity (%) | ▲ | 13.40% | +1.36 | 12.04% |
| Net Interest Margin (%) | ▲ | 4.92% | +0.40 | 4.52% |
| Efficiency Ratio (%) | ▲ | 53.06% | -3.27 | 56.33% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.69 | $3 |
| Cost of Funds (%) | ▲ | 1.49% | -0.24 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $592 | +58.28 | $533 |
| Gross Loans ($M) | ▲ | $505 | +65.67 | $439 |
| Loan Growth YoY (%) | ▲ | 97.59% | +4.91 | 92.69% |
| Total Deposits ($M) | ▲ | $509 | +43.08 | $466 |
| Shareholders Equity ($M) | ▲ | $68 | +6.94 | $61 |
| Tang. Book Value ($M) | ▲ | $67 | +6.99 | $60 |
| Loan / Deposit Ratio (%) | ▲ | 97.59% | +4.91 | 92.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.21 | 0.27% |
| Allowance / Loans (%) | — | 1.58% | -0.06% | 1.64% |
| Net Charge-Off Ratio (%) | ▼ | 0.51% | +0.19 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.30% | +0.06 | 13.24% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▇█ | Net Interest Margin (%) | 4.28% | 4.35% | 4.42% | 4.52% | 4.62% | 4.65% | 4.76% | 4.92% |
| ▁▁▁▁▃▄▅█ | Return on Assets (%) | 1.34% | 1.33% | 1.34% | 1.35% | 1.40% | 1.44% | 1.46% | 1.55% |
| ▄▆▆▆█▆▅▁ | Efficiency Ratio (%) | 55.2% | 56.0% | 56.1% | 56.3% | 57.5% | 56.2% | 55.5% | 53.1% |
| ██▄▄▄▄▃▁ | Cost of Funds (%) | 2.08% | 2.12% | 1.78% | 1.73% | 1.76% | 1.74% | 1.66% | 1.49% |
| ▁▁▅▂▂▂▂█ | NPA / Assets (%) | 0.24% | 0.21% | 0.35% | 0.27% | 0.26% | 0.25% | 0.25% | 0.48% |
| ▁▁▆▃▂▂▁█ | Net Charge-Off Ratio (%) | 0.29% | 0.26% | 0.44% | 0.32% | 0.32% | 0.31% | 0.28% | 0.51% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $54 | $56 | $58 | $60 | $61 | $63 | $65 | $67 |
| ▁▁▁▁▃▅██ | Gross Loans ($M) | $436 | $430 | $431 | $439 | $453 | $473 | $509 | $505 |
| ▁▁▄▂▃▆▅█ | Total Deposits ($M) | $456 | $454 | $475 | $466 | $472 | $495 | $488 | $509 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Agricultural | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 7% |