Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.98% | +0.20 | 0.79% |
| Return on Equity (%) | ▲ | 11.68% | +1.73 | 9.95% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.42 | 3.20% |
| Efficiency Ratio (%) | ▲ | 64.20% | -3.69 | 67.90% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.17 | $3 |
| Cost of Funds (%) | ▲ | 2.27% | -0.12 | 2.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,245 | +80.18 | $1,165 |
| Gross Loans ($M) | ▲ | $916 | +45.45 | $871 |
| Loan Growth YoY (%) | ▼ | 84.70% | -6.54 | 91.25% |
| Total Deposits ($M) | ▲ | $1,065 | +123.78 | $941 |
| Shareholders Equity ($M) | ▲ | $105 | +12.61 | $93 |
| Tang. Book Value ($M) | ▲ | $103 | +12.61 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $114 | +14.05 | $100 |
| Loan / Deposit Ratio (%) | ▼ | 84.70% | -6.54 | 91.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.28 | 0.00% |
| Allowance / Loans (%) | — | 1.55% | 0.17% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.37 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.41% | +0.32 | 11.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 2.98% | 2.97% | 2.99% | 3.20% | 3.25% | 3.32% | 3.37% | 3.63% |
| ▁▂▂▅▅▆▆█ | Return on Assets (%) | 0.53% | 0.60% | 0.62% | 0.79% | 0.80% | 0.87% | 0.86% | 0.98% |
| █▇▆▃▃▂▁▁ | Efficiency Ratio (%) | 76.9% | 74.1% | 72.7% | 67.9% | 67.7% | 66.0% | 65.4% | 64.2% |
| ██▄▃▂▄▁▁ | Cost of Funds (%) | 2.67% | 2.64% | 2.44% | 2.39% | 2.36% | 2.42% | 2.31% | 2.27% |
| ▁▁▁▁▂▄█▆ | NPA / Assets (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.07% | 0.18% | 0.39% | 0.29% |
| ▁▁▁▁▂▄█▆ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.00% | 0.01% | 0.10% | 0.25% | 0.51% | 0.37% |
| ▁▃▃▃▃▆██ | Tang. Book Value ($M) | $85 | $91 | $90 | $91 | $92 | $99 | $103 | $103 |
| ▁▁▅▄▆██▇ | Gross Loans ($M) | $811 | $816 | $878 | $871 | $903 | $932 | $941 | $916 |
| ▁▃▂▂▄▆▇█ | Total Deposits ($M) | $905 | $960 | $937 | $941 | $979 | $1,021 | $1,045 | $1,065 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 12% |
| Agricultural | 26% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 18% |