Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.34% | -0.07 | 1.40% |
| Return on Equity (%) | ▼ | 13.30% | -2.32 | 15.62% |
| Net Interest Margin (%) | ▲ | 2.65% | +0.03 | 2.62% |
| Efficiency Ratio (%) | ▼ | 51.89% | +0.39 | 51.49% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.06 | $1 |
| Cost of Funds (%) | ▲ | 1.66% | -0.18 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $457 | +5.67 | $452 |
| Gross Loans ($M) | ▼ | $152 | -0.78 | $153 |
| Loan Growth YoY (%) | ▼ | 36.46% | -0.33 | 36.79% |
| Total Deposits ($M) | ▲ | $410 | +0.93 | $409 |
| Shareholders Equity ($M) | ▲ | $46 | +4.74 | $42 |
| Tang. Book Value ($M) | ▲ | $46 | +4.74 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +4.59 | $45 |
| Loan / Deposit Ratio (%) | ▼ | 36.46% | -0.33 | 36.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.01 | 0.06% |
| Allowance / Loans (%) | — | 1.88% | 0.16% | 1.72% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.02 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 30.46% | +2.46 | 28.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▅▆██▆ | Net Interest Margin (%) | 2.52% | 2.58% | 2.60% | 2.62% | 2.67% | 2.71% | 2.73% | 2.65% |
| ▁▂▂██▇█▅ | Return on Assets (%) | 1.22% | 1.26% | 1.26% | 1.40% | 1.42% | 1.37% | 1.40% | 1.34% |
| █▆▄▇▄▂▁█ | Efficiency Ratio (%) | 51.8% | 51.0% | 50.3% | 51.5% | 50.3% | 49.6% | 49.2% | 51.9% |
| ▇█▇▄▅▅▂▁ | Cost of Funds (%) | 1.97% | 2.05% | 2.00% | 1.85% | 1.90% | 1.86% | 1.73% | 1.66% |
| █▅▃▂▂▃▁▁ | NPA / Assets (%) | 0.09% | 0.07% | 0.07% | 0.06% | 0.06% | 0.07% | 0.06% | 0.06% |
| █▅▃▂▁▂▁▁ | Net Charge-Off Ratio (%) | 0.26% | 0.22% | 0.20% | 0.19% | 0.18% | 0.19% | 0.18% | 0.17% |
| ▁▃▂▄▆███ | Tang. Book Value ($M) | $37 | $40 | $39 | $42 | $43 | $45 | $45 | $46 |
| ▁▁▄▇██▆▆ | Gross Loans ($M) | $147 | $146 | $150 | $153 | $155 | $155 | $152 | $152 |
| ▁▃▇█▁▂██ | Total Deposits ($M) | $394 | $399 | $406 | $409 | $394 | $397 | $408 | $410 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 8% |
| Agricultural | 6% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |