Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.30% | -0.26 | 1.56% |
| Return on Equity (%) | ▼ | 16.02% | -4.60 | 20.62% |
| Net Interest Margin (%) | ▲ | 4.13% | +0.18 | 3.95% |
| Efficiency Ratio (%) | ▲ | 56.40% | -1.92 | 58.32% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.29 | $1 |
| Cost of Funds (%) | ▲ | 2.70% | -0.31 | 3.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $330 | +41.07 | $289 |
| Gross Loans ($M) | ▲ | $291 | +31.20 | $260 |
| Loan Growth YoY (%) | ▲ | 102.33% | +1.93 | 100.40% |
| Total Deposits ($M) | ▲ | $281 | +24.82 | $256 |
| Shareholders Equity ($M) | ▲ | $27 | +4.98 | $22 |
| Tang. Book Value ($M) | ▲ | $26 | +4.97 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 102.33% | +1.93 | 100.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.64% | +0.70 | 0.94% |
| Allowance / Loans (%) | — | 1.38% | 0.17% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 1.86% | +0.82 | 1.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.84% | +0.73 | 9.11% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.45% | 3.50% | 3.61% | 3.95% | 4.02% | 4.07% | 4.07% | 4.13% |
| ▁▁▃███▁▄ | Return on Assets (%) | 1.05% | 1.11% | 1.20% | 1.56% | 1.58% | 1.52% | 1.11% | 1.30% |
| █▇▆▂▁▂▂▁ | Efficiency Ratio (%) | 66.4% | 64.9% | 63.5% | 58.3% | 57.3% | 58.1% | 58.4% | 56.4% |
| ▇██▅▃▄▁▁ | Cost of Funds (%) | 3.19% | 3.29% | 3.21% | 3.01% | 2.88% | 2.96% | 2.70% | 2.70% |
| ▁▁▁▄▄▄██ | NPA / Assets (%) | 0.36% | 0.39% | 0.40% | 0.94% | 0.94% | 0.98% | 1.70% | 1.64% |
| ▁▁▁▄▄▄██ | Net Charge-Off Ratio (%) | 0.40% | 0.44% | 0.44% | 1.04% | 1.01% | 1.08% | 1.91% | 1.86% |
| ▁▂▃▃▄▅██ | Tang. Book Value ($M) | $19 | $20 | $21 | $21 | $22 | $23 | $26 | $26 |
| ▁▂▃▃▅▆██ | Gross Loans ($M) | $241 | $250 | $254 | $260 | $269 | $278 | $293 | $291 |
| ▁▂▄▅▅▆▆█ | Total Deposits ($M) | $228 | $240 | $249 | $256 | $257 | $266 | $267 | $281 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 13% |
| Agricultural | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 11% |