Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.48% | +0.19 | 0.29% |
| Return on Equity (%) | ▲ | 5.43% | +2.26 | 3.17% |
| Net Interest Margin (%) | ▲ | 2.79% | +0.40 | 2.39% |
| Efficiency Ratio (%) | ▲ | 74.43% | -10.04 | 84.47% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.87 | $1 |
| Cost of Funds (%) | ▲ | 1.91% | -0.15 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,011 | +40.67 | $970 |
| Gross Loans ($M) | ▲ | $732 | +50.99 | $681 |
| Loan Growth YoY (%) | ▲ | 93.75% | +2.65 | 91.11% |
| Total Deposits ($M) | ▲ | $773 | +33.13 | $740 |
| Shareholders Equity ($M) | ▼ | $89 | -0.04 | $89 |
| Tang. Book Value ($M) | ▼ | $89 | -0.04 | $89 |
| TBV excl. AOCI ($M)** | ▼ | $97 | -1.58 | $99 |
| Loan / Deposit Ratio (%) | ▲ | 93.75% | +2.65 | 91.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.78 | 0.98% |
| Allowance / Loans (%) | — | 0.94% | -0.02% | 0.96% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -1.11 | 1.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▆█ | Net Interest Margin (%) | 2.24% | 2.30% | 2.34% | 2.39% | 2.51% | 2.59% | 2.65% | 2.79% |
| ▁▁▃▁▄▃▅█ | Return on Assets (%) | 0.26% | 0.29% | 0.32% | 0.29% | 0.35% | 0.32% | 0.39% | 0.48% |
| ██▆█▅▄▂▁ | Efficiency Ratio (%) | 85.1% | 84.0% | 82.5% | 84.5% | 81.1% | 78.7% | 76.1% | 74.4% |
| ▅█▇▄▅▄▃▁ | Cost of Funds (%) | 2.14% | 2.28% | 2.23% | 2.06% | 2.10% | 2.07% | 2.02% | 1.91% |
| ▁▁▁█▇▂▂▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.98% | 0.84% | 0.22% | 0.22% | 0.21% |
| ▁▁▁█▇▂▂▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 1.40% | 1.15% | 0.31% | 0.30% | 0.29% |
| ▁▆▅█▆█▆█ | Tang. Book Value ($M) | $83 | $87 | $87 | $89 | $88 | $89 | $88 | $89 |
| ▃▁▃▄▅▆▇█ | Gross Loans ($M) | $665 | $632 | $663 | $681 | $691 | $702 | $709 | $732 |
| ▅▅▁▄▁▅▅█ | Total Deposits ($M) | $747 | $751 | $720 | $740 | $724 | $749 | $752 | $773 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 12% |
| Agricultural | 8% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 18% |