Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.27 | 1.20% |
| Return on Equity (%) | ▲ | 12.94% | +1.61 | 11.33% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.27 | 3.63% |
| Efficiency Ratio (%) | ▲ | 50.00% | -4.78 | 54.78% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.85 | $4 |
| Cost of Funds (%) | ▲ | 1.45% | -0.18 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $905 | +36.39 | $869 |
| Gross Loans ($M) | ▲ | $667 | +34.74 | $632 |
| Loan Growth YoY (%) | ▲ | 89.81% | +1.17 | 88.65% |
| Total Deposits ($M) | ▲ | $733 | +28.87 | $704 |
| Shareholders Equity ($M) | ▲ | $104 | +9.22 | $95 |
| Tang. Book Value ($M) | ▲ | $94 | +9.40 | $85 |
| TBV excl. AOCI ($M)** | ▲ | $102 | +9.67 | $92 |
| Loan / Deposit Ratio (%) | ▲ | 89.81% | +1.17 | 88.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.01 | 0.11% |
| Allowance / Loans (%) | — | 1.30% | 0.02% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▆█ | Net Interest Margin (%) | 3.18% | 3.22% | 3.29% | 3.63% | 3.62% | 3.64% | 3.67% | 3.90% |
| ▁▃▄▅▅▅▅█ | Return on Assets (%) | 0.92% | 1.08% | 1.13% | 1.20% | 1.21% | 1.22% | 1.25% | 1.47% |
| █▆▆▄▄▄▄▁ | Efficiency Ratio (%) | 60.6% | 57.7% | 57.2% | 54.8% | 54.6% | 54.9% | 54.1% | 50.0% |
| ▆█▆▃▃▄▂▁ | Cost of Funds (%) | 1.85% | 2.00% | 1.82% | 1.63% | 1.65% | 1.70% | 1.58% | 1.45% |
| ▇█▄▄▃▃▁▁ | NPA / Assets (%) | 0.13% | 0.13% | 0.11% | 0.11% | 0.11% | 0.11% | 0.10% | 0.10% |
| ▆█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.02% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▃▄▅▆██ | Tang. Book Value ($M) | $77 | $81 | $82 | $85 | $87 | $89 | $92 | $94 |
| ▃▅▆▁▄▅█▇ | Gross Loans ($M) | $649 | $658 | $664 | $632 | $651 | $655 | $678 | $667 |
| ▁▁▅▆▅▄▇█ | Total Deposits ($M) | $644 | $643 | $688 | $704 | $693 | $678 | $713 | $733 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 10% |
| Agricultural | 22% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |