Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.66% | +0.17 | 1.48% |
| Return on Equity (%) | ▲ | 15.80% | +1.10 | 14.70% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.40 | 3.60% |
| Efficiency Ratio (%) | ▲ | 56.69% | -2.41 | 59.11% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.38 | $1 |
| Cost of Funds (%) | ▲ | 1.32% | -0.13 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $405 | +32.10 | $373 |
| Gross Loans ($M) | ▲ | $280 | +24.67 | $256 |
| Loan Growth YoY (%) | ▼ | 82.10% | -1.98 | 84.08% |
| Total Deposits ($M) | ▲ | $333 | +36.87 | $297 |
| Shareholders Equity ($M) | ▲ | $43 | +4.72 | $38 |
| Tang. Book Value ($M) | ▲ | $38 | +2.34 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +1.66 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 82.10% | -1.98 | 84.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.13 | 0.55% |
| Allowance / Loans (%) | — | 2.35% | -0.12% | 2.47% |
| Net Charge-Off Ratio (%) | ▲ | 0.61% | -0.20 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.32% | -0.99 | 13.32% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 3.04% | 3.11% | 3.17% | 3.60% | 3.71% | 3.78% | 3.85% | 4.00% |
| ▁▁▂▆████ | Return on Assets (%) | 1.11% | 1.16% | 1.19% | 1.48% | 1.59% | 1.61% | 1.61% | 1.66% |
| ██▇▃▁▂▂▁ | Efficiency Ratio (%) | 64.3% | 63.5% | 63.0% | 59.1% | 57.4% | 57.8% | 57.8% | 56.7% |
| ▇█▇▂▃▅▃▁ | Cost of Funds (%) | 1.83% | 1.97% | 1.87% | 1.45% | 1.50% | 1.67% | 1.50% | 1.32% |
| █▅▅▄▄▃▁▁ | NPA / Assets (%) | 0.73% | 0.58% | 0.58% | 0.55% | 0.55% | 0.51% | 0.43% | 0.42% |
| █▅▅▄▃▃▁▁ | Net Charge-Off Ratio (%) | 1.09% | 0.88% | 0.87% | 0.81% | 0.78% | 0.74% | 0.63% | 0.61% |
| ▁▄▃▅▇█▇▇ | Tang. Book Value ($M) | $31 | $35 | $34 | $35 | $37 | $39 | $38 | $38 |
| ▃▂▁▃▅▆██ | Gross Loans ($M) | $253 | $250 | $243 | $256 | $265 | $268 | $283 | $280 |
| ▁▂▂▂▂▂█▇ | Total Deposits ($M) | $285 | $295 | $298 | $297 | $293 | $294 | $341 | $333 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 8% |
| Agricultural | 16% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 9% |