Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.74% | +0.23 | 1.50% |
| Return on Equity (%) | ▲ | 15.52% | +1.66 | 13.86% |
| Net Interest Margin (%) | ▲ | 5.07% | +0.20 | 4.88% |
| Efficiency Ratio (%) | ▲ | 58.82% | -7.24 | 66.06% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.90 | $2 |
| Cost of Funds (%) | ▲ | 1.73% | -0.14 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $669 | +37.29 | $632 |
| Gross Loans ($M) | ▲ | $592 | +47.85 | $544 |
| Loan Growth YoY (%) | ▲ | 102.42% | +0.88 | 101.53% |
| Total Deposits ($M) | ▲ | $572 | +41.40 | $531 |
| Shareholders Equity ($M) | ▲ | $76 | +5.69 | $71 |
| Tang. Book Value ($M) | ▲ | $67 | +6.16 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +6.00 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 102.42% | +0.88 | 101.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.01 | 0.39% |
| Allowance / Loans (%) | — | 1.04% | 0.05% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.03 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.54% | +0.12 | 10.42% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▄▄█ | Net Interest Margin (%) | 4.77% | 4.74% | 4.81% | 4.88% | 4.93% | 4.90% | 4.88% | 5.07% |
| ▁▃▄▆█▇██ | Return on Assets (%) | 1.07% | 1.28% | 1.39% | 1.50% | 1.71% | 1.59% | 1.69% | 1.74% |
| █▆▅▅▁▁▁▁ | Efficiency Ratio (%) | 72.0% | 68.3% | 66.3% | 66.1% | 60.0% | 60.1% | 59.0% | 58.8% |
| ▅██▂▂▃▃▁ | Cost of Funds (%) | 2.18% | 2.61% | 2.55% | 1.87% | 1.92% | 1.99% | 1.96% | 1.73% |
| ▆▁▄█▄▅▁█ | NPA / Assets (%) | 0.32% | 0.14% | 0.25% | 0.39% | 0.23% | 0.28% | 0.15% | 0.38% |
| ▆▁▄█▃▅▁█ | Net Charge-Off Ratio (%) | 0.37% | 0.16% | 0.29% | 0.46% | 0.27% | 0.32% | 0.18% | 0.43% |
| ▁▂▄▆▆▇██ | Tang. Book Value ($M) | $50 | $53 | $58 | $61 | $62 | $64 | $67 | $67 |
| ▁▁▃▂▅▇█▇ | Gross Loans ($M) | $528 | $531 | $553 | $544 | $570 | $594 | $604 | $592 |
| ▁▁▅▆▅▅▇█ | Total Deposits ($M) | $423 | $434 | $511 | $531 | $500 | $503 | $551 | $572 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 33% |
| C&I / Commercial | 10% |
| Agricultural | 54% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 12% |