Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.25% | -0.02 | 2.27% |
| Return on Equity (%) | ▼ | 16.06% | -1.44 | 17.50% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.40 | 3.86% |
| Efficiency Ratio (%) | ▼ | 49.69% | +1.60 | 48.10% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.06 | $1 |
| Cost of Funds (%) | ▲ | 1.01% | -0.10 | 1.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $223 | +8.70 | $214 |
| Gross Loans ($M) | ▲ | $136 | +4.61 | $131 |
| Loan Growth YoY (%) | ▲ | 70.15% | +0.43 | 69.73% |
| Total Deposits ($M) | ▲ | $191 | +5.97 | $185 |
| Shareholders Equity ($M) | ▲ | $31 | +2.71 | $29 |
| Tang. Book Value ($M) | ▲ | $31 | +2.71 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +2.86 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 70.15% | +0.43 | 69.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.34 | 0.06% |
| Allowance / Loans (%) | — | 1.32% | -0.33% | 1.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.06 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.11% | +0.81 | 21.30% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▆▇▇█ | Net Interest Margin (%) | 3.36% | 3.49% | 3.56% | 3.86% | 4.02% | 4.09% | 4.16% | 4.27% |
| ▁▂▂█▆▆▄█ | Return on Assets (%) | 1.43% | 1.58% | 1.63% | 2.27% | 2.02% | 1.96% | 1.80% | 2.25% |
| █▇▇▁▄▅▆▂ | Efficiency Ratio (%) | 60.3% | 58.2% | 57.7% | 48.1% | 54.2% | 55.3% | 56.6% | 49.7% |
| █▇▆▄▁▂▁▁ | Cost of Funds (%) | 1.27% | 1.21% | 1.19% | 1.11% | 1.04% | 1.07% | 1.03% | 1.01% |
| ▁▁▂▁▂▂█▅ | NPA / Assets (%) | 0.04% | 0.01% | 0.10% | 0.06% | 0.14% | 0.11% | 0.64% | 0.40% |
| ▁▁▂▁▁▁█▁ | Net Charge-Off Ratio (%) | 0.06% | 0.02% | 0.16% | 0.08% | 0.06% | 0.02% | 1.01% | 0.14% |
| ▁▃▄▅▆▇██ | Tang. Book Value ($M) | $24 | $26 | $27 | $28 | $29 | $30 | $31 | $31 |
| ▁▃▃▁▇▅█▄ | Gross Loans ($M) | $132 | $134 | $133 | $131 | $138 | $137 | $141 | $136 |
| ▇▃▁▅▄█▅█ | Total Deposits ($M) | $189 | $182 | $178 | $185 | $184 | $189 | $186 | $191 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 9% |
| Agricultural | 14% |
| Consumer | 8% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 8% |