Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.32 | 0.86% |
| Return on Equity (%) | ▲ | 12.65% | +2.06 | 10.59% |
| Net Interest Margin (%) | ▲ | 2.63% | +0.33 | 2.29% |
| Efficiency Ratio (%) | ▲ | 55.42% | -4.86 | 60.28% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 1.57% | -0.48 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $284 | +1.68 | $282 |
| Gross Loans ($M) | ▲ | $80 | +0.68 | $79 |
| Loan Growth YoY (%) | ▲ | 30.44% | +0.34 | 30.10% |
| Total Deposits ($M) | ▼ | $257 | -0.84 | $258 |
| Shareholders Equity ($M) | ▲ | $26 | +2.58 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +2.63 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.31 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 30.44% | +0.34 | 30.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.04 | 0.26% |
| Allowance / Loans (%) | — | 1.75% | 0.06% | 1.69% |
| Net Charge-Off Ratio (%) | ▲ | 0.79% | -0.15 | 0.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 31.34% | +1.76 | 29.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 1.86% | 1.81% | 1.91% | 2.29% | 2.40% | 2.40% | 2.47% | 2.63% |
| ▁▁▁▅▆▇▇█ | Return on Assets (%) | 0.44% | 0.40% | 0.48% | 0.86% | 0.96% | 1.00% | 1.01% | 1.18% |
| ██▇▂▁▁▁▁ | Efficiency Ratio (%) | 74.3% | 76.2% | 72.1% | 60.3% | 57.8% | 56.3% | 56.2% | 55.4% |
| █▇▆▃▄▃▂▁ | Cost of Funds (%) | 2.87% | 2.65% | 2.48% | 2.06% | 2.14% | 2.03% | 1.87% | 1.57% |
| ▁▆▇█▇▇▇▇ | NPA / Assets (%) | 0.01% | 0.20% | 0.20% | 0.26% | 0.22% | 0.21% | 0.21% | 0.22% |
| ▁▇▆█▇▇▆▇ | Net Charge-Off Ratio (%) | 0.04% | 0.73% | 0.68% | 0.94% | 0.76% | 0.77% | 0.71% | 0.79% |
| ▁▅▂▅▅███ | Tang. Book Value ($M) | $19 | $22 | $20 | $22 | $23 | $24 | $25 | $25 |
| ▂▁▆▅▃▁█▅ | Gross Loans ($M) | $76 | $75 | $80 | $79 | $77 | $76 | $82 | $80 |
| ▁█▄█▁▇▃█ | Total Deposits ($M) | $242 | $259 | $249 | $258 | $244 | $256 | $248 | $257 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 8% |
| Agricultural | 32% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 7% |