Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.21 | 0.80% |
| Return on Equity (%) | ▲ | 6.78% | +1.17 | 5.61% |
| Net Interest Margin (%) | ▲ | 1.89% | +0.25 | 1.63% |
| Efficiency Ratio (%) | ▲ | 33.89% | -7.43 | 41.32% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.30 | $1 |
| Cost of Funds (%) | ▲ | 2.53% | -0.28 | 2.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $348 | +16.94 | $331 |
| Gross Loans ($M) | ▲ | $118 | +5.36 | $112 |
| Loan Growth YoY (%) | ▼ | 39.46% | -0.19 | 39.65% |
| Total Deposits ($M) | ▲ | $296 | +14.99 | $281 |
| Shareholders Equity ($M) | ▲ | $52 | +3.76 | $48 |
| Tang. Book Value ($M) | ▲ | $52 | +3.76 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +4.54 | $58 |
| Loan / Deposit Ratio (%) | ▼ | 39.46% | -0.19 | 39.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.01 | 0.04% |
| Allowance / Loans (%) | — | 0.88% | -0.05% | 0.94% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.04 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 39.97% | -1.47 | 41.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▄▅█ | Net Interest Margin (%) | 1.64% | 1.61% | 1.61% | 1.63% | 1.67% | 1.73% | 1.76% | 1.89% |
| ▂▃▁▁▂▃▃█ | Return on Assets (%) | 0.85% | 0.86% | 0.82% | 0.80% | 0.84% | 0.86% | 0.87% | 1.01% |
| ▄▇█▇▅▆▆▁ | Efficiency Ratio (%) | 37.8% | 41.9% | 43.2% | 41.3% | 39.1% | 40.4% | 40.2% | 33.9% |
| ▇██▅▆▅▃▁ | Cost of Funds (%) | 2.89% | 2.99% | 2.97% | 2.80% | 2.85% | 2.77% | 2.66% | 2.53% |
| ▁▂▂█▃▃▁▆ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.04% | 0.01% | 0.01% | 0.00% | 0.02% |
| ▁▂▂█▃▃▁▆ | Net Charge-Off Ratio (%) | 0.01% | 0.02% | 0.03% | 0.11% | 0.04% | 0.04% | 0.01% | 0.07% |
| ▂▇▁▃▄███ | Tang. Book Value ($M) | $47 | $50 | $46 | $48 | $49 | $51 | $52 | $52 |
| ▆▄▃▁▂▅▆█ | Gross Loans ($M) | $116 | $115 | $114 | $112 | $113 | $115 | $116 | $118 |
| ▁▁▃▄▅▆▇█ | Total Deposits ($M) | $266 | $269 | $274 | $281 | $282 | $286 | $289 | $296 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 5% |
| Agricultural | 10% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 13% |