Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.78% | +0.32 | 1.46% |
| Return on Equity (%) | ▲ | 14.63% | +1.49 | 13.14% |
| Net Interest Margin (%) | ▲ | 4.54% | +0.52 | 4.02% |
| Efficiency Ratio (%) | ▲ | 49.57% | -5.36 | 54.93% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.98 | $3 |
| Cost of Funds (%) | ▲ | 1.26% | -0.21 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $663 | +60.28 | $603 |
| Gross Loans ($M) | ▲ | $510 | +23.69 | $486 |
| Loan Growth YoY (%) | ▼ | 90.32% | -3.00 | 93.32% |
| Total Deposits ($M) | ▲ | $558 | +43.15 | $515 |
| Shareholders Equity ($M) | ▲ | $80 | +10.90 | $69 |
| Tang. Book Value ($M) | ▲ | $79 | +11.04 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $83 | +10.76 | $72 |
| Loan / Deposit Ratio (%) | ▼ | 90.32% | -3.00 | 93.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.03 | 0.25% |
| Allowance / Loans (%) | — | 1.16% | -0.02% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.06 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.60% | +1.01 | 14.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.64% | 3.74% | 3.78% | 4.02% | 4.17% | 4.21% | 4.23% | 4.54% |
| ▁▂▃▃▅▆▇█ | Return on Assets (%) | 1.30% | 1.38% | 1.45% | 1.46% | 1.57% | 1.64% | 1.71% | 1.78% |
| ▆▄▂█▅▃▁▁ | Efficiency Ratio (%) | 52.9% | 51.8% | 50.3% | 54.9% | 52.3% | 50.7% | 49.1% | 49.6% |
| ███▅▃▄▄▁ | Cost of Funds (%) | 1.60% | 1.61% | 1.57% | 1.48% | 1.39% | 1.40% | 1.40% | 1.26% |
| ▁▃▄▁▇▆█▃ | NPA / Assets (%) | 0.25% | 0.28% | 0.29% | 0.25% | 0.33% | 0.31% | 0.35% | 0.28% |
| ▁▄▄▁▇▆█▄ | Net Charge-Off Ratio (%) | 0.32% | 0.36% | 0.37% | 0.31% | 0.41% | 0.39% | 0.43% | 0.37% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $59 | $63 | $65 | $68 | $70 | $73 | $77 | $79 |
| ▁▁▂▃▄▇██ | Gross Loans ($M) | $475 | $476 | $482 | $486 | $492 | $507 | $513 | $510 |
| ▁▂▂▄▅▅▄█ | Total Deposits ($M) | $482 | $501 | $498 | $515 | $525 | $528 | $518 | $558 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 6% |
| Agricultural | 45% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 10% |