Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.05 | 1.15% |
| Return on Equity (%) | ▼ | 13.10% | -0.22 | 13.32% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.57 | 3.38% |
| Efficiency Ratio (%) | ▲ | 51.43% | -9.83 | 61.25% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.62 | $1 |
| Cost of Funds (%) | ▲ | 1.91% | -0.24 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $346 | +34.32 | $312 |
| Gross Loans ($M) | ▲ | $271 | +46.53 | $225 |
| Loan Growth YoY (%) | ▲ | 94.28% | +11.02 | 83.27% |
| Total Deposits ($M) | ▲ | $284 | +17.12 | $267 |
| Shareholders Equity ($M) | ▲ | $31 | +4.14 | $27 |
| Tang. Book Value ($M) | ▲ | $28 | +4.14 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +3.75 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 94.28% | +11.02 | 83.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.05 | 0.07% |
| Allowance / Loans (%) | — | 1.30% | 0.17% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.06 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.15% | -0.66 | 10.81% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 3.06% | 3.06% | 3.12% | 3.38% | 3.53% | 3.68% | 3.76% | 3.95% |
| ▁▂▃▆▆▇█▇ | Return on Assets (%) | 0.45% | 0.61% | 0.75% | 1.15% | 1.17% | 1.22% | 1.40% | 1.20% |
| █▇▆▃▃▂▂▁ | Efficiency Ratio (%) | 83.2% | 77.1% | 72.9% | 61.3% | 59.8% | 58.0% | 56.0% | 51.4% |
| ▇█▇▄▃▃▂▁ | Cost of Funds (%) | 2.38% | 2.53% | 2.38% | 2.15% | 2.10% | 2.12% | 2.00% | 1.91% |
| ▃▂▃▁▁▁██ | NPA / Assets (%) | 0.08% | 0.07% | 0.08% | 0.07% | 0.07% | 0.06% | 0.12% | 0.12% |
| ▄▃▃▂▁▁██ | Net Charge-Off Ratio (%) | 0.11% | 0.11% | 0.11% | 0.09% | 0.09% | 0.08% | 0.16% | 0.15% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $21 | $23 | $22 | $24 | $24 | $26 | $28 | $28 |
| ▁▁▂▂▄▅▇█ | Gross Loans ($M) | $212 | $213 | $221 | $225 | $235 | $249 | $258 | $271 |
| ▃▁▁▂▃▁▄█ | Total Deposits ($M) | $269 | $263 | $263 | $267 | $269 | $262 | $273 | $284 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 45% |
| C&I / Commercial | 11% |
| Agricultural | 39% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 14% |