Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.02% | +0.63 | 1.39% |
| Return on Equity (%) | ▲ | 23.33% | +6.04 | 17.29% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.22 | 3.86% |
| Efficiency Ratio (%) | ▲ | 46.62% | -5.47 | 52.09% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.48 | $2 |
| Cost of Funds (%) | ▲ | 1.97% | -0.14 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $418 | +16.23 | $402 |
| Gross Loans ($M) | ▲ | $339 | +26.08 | $313 |
| Loan Growth YoY (%) | ▲ | 88.40% | +4.26 | 84.14% |
| Total Deposits ($M) | ▲ | $378 | +11.59 | $367 |
| Shareholders Equity ($M) | ▲ | $37 | +4.97 | $32 |
| Tang. Book Value ($M) | ▲ | $36 | +4.97 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +4.84 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 88.40% | +4.26 | 84.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.36% | +0.94 | 0.42% |
| Allowance / Loans (%) | — | 1.30% | -0.05% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 1.67% | +1.13 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▁▁▃▄▅█ | Net Interest Margin (%) | 3.90% | 3.85% | 3.83% | 3.86% | 3.92% | 3.96% | 3.97% | 4.08% |
| ▂▂▁▁▃▄▄█ | Return on Assets (%) | 1.54% | 1.51% | 1.45% | 1.39% | 1.61% | 1.66% | 1.68% | 2.02% |
| ▇▇█▅▄▄▅▁ | Efficiency Ratio (%) | 53.7% | 54.2% | 55.7% | 52.1% | 51.1% | 50.2% | 52.0% | 46.6% |
| ▂▇█▃▃▅▃▁ | Cost of Funds (%) | 2.09% | 2.35% | 2.46% | 2.11% | 2.15% | 2.24% | 2.14% | 1.97% |
| ▁▁▁▂▂▃▅█ | NPA / Assets (%) | 0.28% | 0.32% | 0.37% | 0.42% | 0.49% | 0.57% | 0.94% | 1.36% |
| ▁▁▁▂▂▃▅█ | Net Charge-Off Ratio (%) | 0.35% | 0.41% | 0.46% | 0.54% | 0.60% | 0.69% | 1.14% | 1.67% |
| ▁▂▁▃▄▆▇█ | Tang. Book Value ($M) | $29 | $31 | $30 | $31 | $32 | $34 | $35 | $36 |
| ▁▃▃▄▇██▇ | Gross Loans ($M) | $287 | $306 | $308 | $313 | $335 | $343 | $350 | $339 |
| ▁▁▃▇▅▆▆█ | Total Deposits ($M) | $315 | $322 | $337 | $367 | $351 | $357 | $358 | $378 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 46% |
| C&I / Commercial | 7% |
| Agricultural | 41% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 11% |