Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.20 | 1.17% |
| Return on Equity (%) | ▲ | 12.35% | +1.35 | 11.00% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.37 | 4.05% |
| Efficiency Ratio (%) | ▲ | 53.90% | -7.59 | 61.48% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.55 | $1 |
| Cost of Funds (%) | ▼ | 1.78% | +0.02 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $402 | +12.76 | $389 |
| Gross Loans ($M) | ▲ | $269 | +19.46 | $250 |
| Loan Growth YoY (%) | ▲ | 85.10% | +6.18 | 78.92% |
| Total Deposits ($M) | ▼ | $311 | -1.06 | $312 |
| Shareholders Equity ($M) | ▲ | $44 | +3.19 | $41 |
| Tang. Book Value ($M) | ▲ | $44 | +3.19 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +2.77 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 85.10% | +6.18 | 78.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.57% | +0.96 | 0.61% |
| Allowance / Loans (%) | — | 1.67% | 0.30% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.58% | -0.17 | 0.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆▇█ | Net Interest Margin (%) | 3.86% | 3.87% | 3.91% | 4.05% | 4.13% | 4.23% | 4.28% | 4.42% |
| ▂▂▁▁▅▅▅█ | Return on Assets (%) | 1.18% | 1.19% | 1.16% | 1.17% | 1.27% | 1.27% | 1.27% | 1.36% |
| ██▇█▅▄▂▁ | Efficiency Ratio (%) | 62.2% | 61.2% | 60.5% | 61.5% | 58.7% | 57.1% | 55.3% | 53.9% |
| ▁▆█▁▃▂▄▂ | Cost of Funds (%) | 1.75% | 1.91% | 1.97% | 1.76% | 1.81% | 1.80% | 1.84% | 1.78% |
| ▃▄▄▁▁▁██ | NPA / Assets (%) | 0.85% | 1.08% | 1.06% | 0.61% | 0.58% | 0.59% | 1.56% | 1.57% |
| ▄▆▅▁▁▁█▁ | Net Charge-Off Ratio (%) | 1.19% | 1.56% | 1.52% | 0.74% | 0.69% | 0.71% | 2.13% | 0.58% |
| ▁▆▁▂▅█▇▇ | Tang. Book Value ($M) | $40 | $44 | $40 | $41 | $43 | $45 | $45 | $44 |
| ▁▄▂▅▆██▇ | Gross Loans ($M) | $217 | $239 | $230 | $250 | $257 | $274 | $276 | $269 |
| ▁▄▄▇▆█▇▇ | Total Deposits ($M) | $289 | $302 | $300 | $312 | $309 | $317 | $311 | $311 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 15% |
| Agricultural | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 19% |