Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.39% | +0.17 | 2.22% |
| Return on Equity (%) | ▲ | 19.89% | +0.85 | 19.04% |
| Net Interest Margin (%) | ▲ | 4.74% | +0.29 | 4.45% |
| Efficiency Ratio (%) | ▲ | 47.14% | -2.99 | 50.13% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.53 | $3 |
| Cost of Funds (%) | ▲ | 1.81% | -0.23 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $510 | +18.36 | $492 |
| Gross Loans ($M) | ▲ | $402 | +14.75 | $387 |
| Loan Growth YoY (%) | ▲ | 90.02% | +0.51 | 89.51% |
| Total Deposits ($M) | ▲ | $440 | +13.41 | $427 |
| Shareholders Equity ($M) | ▲ | $64 | +5.00 | $59 |
| Tang. Book Value ($M) | ▲ | $64 | +5.00 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +5.24 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 90.02% | +0.51 | 89.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.70% | +0.17 | 0.53% |
| Allowance / Loans (%) | — | 1.45% | 0.08% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.14 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 4.23% | 4.28% | 4.33% | 4.45% | 4.56% | 4.62% | 4.63% | 4.74% |
| ▁▃▁▂▃▆▃█ | Return on Assets (%) | 2.17% | 2.23% | 2.19% | 2.22% | 2.25% | 2.32% | 2.23% | 2.39% |
| █▇█▅▆▄▅▁ | Efficiency Ratio (%) | 52.5% | 51.9% | 52.7% | 50.1% | 50.8% | 49.6% | 50.0% | 47.1% |
| ▇██▅▄▅▁▁ | Cost of Funds (%) | 2.10% | 2.18% | 2.13% | 2.04% | 1.98% | 1.99% | 1.85% | 1.81% |
| ▁▁▂▁▂▂█▃ | NPA / Assets (%) | 0.46% | 0.52% | 0.67% | 0.53% | 0.59% | 0.62% | 1.35% | 0.70% |
| ▁▁▂▁▁▂█▂ | Net Charge-Off Ratio (%) | 0.60% | 0.63% | 0.81% | 0.56% | 0.66% | 0.72% | 1.61% | 0.70% |
| ▂▅▁▃▅█▅▇ | Tang. Book Value ($M) | $57 | $61 | $56 | $59 | $61 | $65 | $61 | $64 |
| ▁▂▃▅▇███ | Gross Loans ($M) | $371 | $376 | $380 | $387 | $395 | $402 | $401 | $402 |
| ▂▁▂▂▃▂█▅ | Total Deposits ($M) | $423 | $417 | $424 | $427 | $429 | $427 | $459 | $440 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 11% |
| Agricultural | 7% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 12% |