Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.50% | +0.12 | 2.38% |
| Return on Equity (%) | ▲ | 21.35% | +1.97 | 19.38% |
| Net Interest Margin (%) | ▲ | 4.70% | +0.02 | 4.68% |
| Efficiency Ratio (%) | ▲ | 45.49% | -0.68 | 46.17% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.79 | $7 |
| Cost of Funds (%) | ▲ | 1.39% | -0.10 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,168 | +79.14 | $1,089 |
| Gross Loans ($M) | ▲ | $903 | +59.90 | $843 |
| Loan Growth YoY (%) | ▼ | 87.86% | -0.19 | 88.05% |
| Total Deposits ($M) | ▲ | $1,016 | +69.99 | $946 |
| Shareholders Equity ($M) | ▲ | $137 | +7.61 | $130 |
| Tang. Book Value ($M) | ▲ | $123 | +9.94 | $113 |
| TBV excl. AOCI ($M)** | ▲ | $126 | +10.39 | $116 |
| Loan / Deposit Ratio (%) | ▼ | 87.86% | -0.19 | 88.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.16 | 0.07% |
| Allowance / Loans (%) | — | 1.09% | -0.05% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.21 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▃█▁▅▆█▂ | Net Interest Margin (%) | 4.75% | 4.73% | 4.81% | 4.68% | 4.75% | 4.76% | 4.80% | 4.70% |
| ▁▁▁▅▄▇▇█ | Return on Assets (%) | 2.29% | 2.26% | 2.27% | 2.38% | 2.37% | 2.46% | 2.44% | 2.50% |
| ▇▇█▂▅▁▂▁ | Efficiency Ratio (%) | 48.4% | 48.5% | 48.9% | 46.2% | 47.6% | 45.9% | 46.3% | 45.5% |
| ▂▅█▃▃▄▃▁ | Cost of Funds (%) | 1.46% | 1.60% | 1.73% | 1.48% | 1.51% | 1.55% | 1.47% | 1.39% |
| ▂▂▃▁▂▅▆█ | NPA / Assets (%) | 0.10% | 0.10% | 0.12% | 0.07% | 0.10% | 0.15% | 0.19% | 0.23% |
| ▂▂▃▁▂▅▆█ | Net Charge-Off Ratio (%) | 0.13% | 0.13% | 0.14% | 0.09% | 0.13% | 0.20% | 0.24% | 0.30% |
| ▁▂▂▄▅▇▆█ | Tang. Book Value ($M) | $104 | $108 | $107 | $113 | $114 | $119 | $117 | $123 |
| ▁▂▂▃▃▅▆█ | Gross Loans ($M) | $809 | $822 | $829 | $843 | $841 | $868 | $877 | $903 |
| ▃▄▁▅▆▇▇█ | Total Deposits ($M) | $899 | $915 | $839 | $946 | $963 | $978 | $984 | $1,016 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 5% |