Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.30 | 1.06% |
| Return on Equity (%) | ▲ | 13.98% | +2.09 | 11.89% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.12 | 3.82% |
| Efficiency Ratio (%) | ▲ | 52.67% | -4.50 | 57.17% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.16 | $1 |
| Cost of Funds (%) | ▲ | 1.36% | -0.10 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $258 | +2.99 | $255 |
| Gross Loans ($M) | ▲ | $179 | +5.76 | $173 |
| Loan Growth YoY (%) | ▲ | 77.74% | +2.55 | 75.19% |
| Total Deposits ($M) | ▼ | $227 | -0.28 | $227 |
| Shareholders Equity ($M) | ▲ | $26 | +2.86 | $23 |
| Tang. Book Value ($M) | ▲ | $26 | +3.01 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +2.43 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 77.74% | +2.55 | 75.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.84% | 0.00 | 0.84% |
| Allowance / Loans (%) | — | 1.25% | 0.08% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 1.21% | -0.03 | 1.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.91% | +2.18 | 12.74% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▁▆██▃ | Net Interest Margin (%) | 3.80% | 3.86% | 3.98% | 3.82% | 4.07% | 4.21% | 4.21% | 3.94% |
| ▂▃▃▁▇█▇▆ | Return on Assets (%) | 1.14% | 1.18% | 1.20% | 1.06% | 1.40% | 1.50% | 1.39% | 1.36% |
| ▇▆██▃▁▅▅ | Efficiency Ratio (%) | 55.6% | 53.9% | 56.7% | 57.2% | 50.5% | 48.0% | 52.7% | 52.7% |
| ▂█▃▃▃▃▁▁ | Cost of Funds (%) | 1.42% | 1.76% | 1.49% | 1.46% | 1.47% | 1.49% | 1.33% | 1.36% |
| ██▁▁█▁▁▁ | NPA / Assets (%) | 1.47% | 1.42% | 0.81% | 0.84% | 1.47% | 0.88% | 0.81% | 0.84% |
| ██▁▂▇▁▁▁ | Net Charge-Off Ratio (%) | 2.05% | 1.94% | 1.14% | 1.24% | 1.88% | 1.11% | 1.12% | 1.21% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $20 | $22 | $22 | $23 | $24 | $25 | $25 | $26 |
| ▁▃▃▁▇█▇▂ | Gross Loans ($M) | $174 | $181 | $179 | $173 | $192 | $197 | $194 | $179 |
| ▁▂▅▅▃▂█▅ | Total Deposits ($M) | $208 | $212 | $226 | $227 | $217 | $213 | $239 | $227 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 44% |
| C&I / Commercial | 8% |
| Agricultural | 43% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 18% |