Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.94% | +0.34 | 0.61% |
| Return on Equity (%) | ▲ | 10.72% | +2.96 | 7.76% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.27 | 2.98% |
| Efficiency Ratio (%) | ▲ | 62.49% | -10.12 | 72.61% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.50 | $1 |
| Cost of Funds (%) | ▲ | 1.94% | -0.27 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $480 | +21.76 | $458 |
| Gross Loans ($M) | ▲ | $301 | +10.23 | $291 |
| Loan Growth YoY (%) | ▼ | 77.28% | -5.02 | 82.30% |
| Total Deposits ($M) | ▲ | $385 | +35.72 | $349 |
| Shareholders Equity ($M) | ▲ | $41 | +4.55 | $37 |
| Tang. Book Value ($M) | ▲ | $38 | +4.55 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +4.00 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 77.28% | -5.02 | 82.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.12 | 0.20% |
| Allowance / Loans (%) | — | 1.34% | 0.00% | 1.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.12 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.69% | -0.03 | 15.72% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 2.57% | 2.57% | 2.64% | 2.98% | 3.05% | 3.07% | 3.12% | 3.25% |
| ▁▁▁▁▄▆▅█ | Return on Assets (%) | 0.58% | 0.60% | 0.62% | 0.61% | 0.74% | 0.82% | 0.81% | 0.94% |
| ███▇▄▃▄▁ | Efficiency Ratio (%) | 74.2% | 73.5% | 73.2% | 72.6% | 67.8% | 65.5% | 67.4% | 62.5% |
| ██▆▄▄▄▂▁ | Cost of Funds (%) | 2.59% | 2.61% | 2.43% | 2.20% | 2.23% | 2.24% | 2.10% | 1.94% |
| ▂▄▅▄▂█▅▁ | NPA / Assets (%) | 0.12% | 0.18% | 0.23% | 0.20% | 0.14% | 0.35% | 0.24% | 0.08% |
| ▁▅█▆▂█▄▁ | Net Charge-Off Ratio (%) | 0.12% | 0.22% | 0.30% | 0.24% | 0.15% | 0.28% | 0.21% | 0.12% |
| ▁▆▂▃▄▇██ | Tang. Book Value ($M) | $31 | $36 | $32 | $34 | $35 | $37 | $39 | $38 |
| ▂▄▁▂▆█▆▆ | Gross Loans ($M) | $291 | $295 | $288 | $291 | $300 | $306 | $301 | $301 |
| ▁▂▄▃▁▃▇█ | Total Deposits ($M) | $335 | $347 | $355 | $349 | $340 | $351 | $374 | $385 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 5% |
| Agricultural | 9% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 20% |