Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.02 | 1.12% |
| Return on Equity (%) | ▲ | 21.56% | +0.27 | 21.29% |
| Net Interest Margin (%) | ▲ | 2.81% | +0.04 | 2.77% |
| Efficiency Ratio (%) | ▼ | 56.26% | +0.95 | 55.31% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.15 | $1 |
| Cost of Funds (%) | ▼ | 2.49% | +0.03 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $403 | +47.06 | $356 |
| Gross Loans ($M) | ▲ | $250 | +39.64 | $210 |
| Loan Growth YoY (%) | ▲ | 73.62% | +6.37 | 67.25% |
| Total Deposits ($M) | ▲ | $337 | +26.37 | $311 |
| Shareholders Equity ($M) | ▲ | $21 | +3.35 | $18 |
| Tang. Book Value ($M) | ▲ | $21 | +3.35 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +3.48 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 73.62% | +6.37 | 67.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.81% | +0.00 | 0.81% |
| Allowance / Loans (%) | — | 0.72% | 0.06% | 0.66% |
| Net Charge-Off Ratio (%) | ▲ | 1.31% | -0.06 | 1.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.30% | -0.30 | 13.60% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▂▇█▇▇█ | Net Interest Margin (%) | 2.59% | 2.54% | 2.60% | 2.77% | 2.81% | 2.75% | 2.77% | 2.81% |
| █▁▁▅▃▁▁▇ | Return on Assets (%) | 1.17% | 1.06% | 1.06% | 1.12% | 1.09% | 1.05% | 1.06% | 1.14% |
| ▅█▇▁▃▅▄▃ | Efficiency Ratio (%) | 56.9% | 58.0% | 57.7% | 55.3% | 56.0% | 56.9% | 56.6% | 56.3% |
| ▇▅▅▁▅██▂ | Cost of Funds (%) | 2.61% | 2.57% | 2.57% | 2.47% | 2.56% | 2.65% | 2.66% | 2.49% |
| █▇▆▆▄▁▁▆ | NPA / Assets (%) | 0.86% | 0.82% | 0.82% | 0.81% | 0.77% | 0.71% | 0.72% | 0.81% |
| █▇▅▅▄▃▁▄ | Net Charge-Off Ratio (%) | 1.56% | 1.49% | 1.40% | 1.37% | 1.31% | 1.25% | 1.15% | 1.31% |
| ▆▆▆▄▁▅██ | Tang. Book Value ($M) | $19 | $20 | $19 | $18 | $16 | $19 | $21 | $21 |
| ▁▁▃▃▅▆██ | Gross Loans ($M) | $187 | $193 | $204 | $210 | $222 | $232 | $253 | $250 |
| ▁▂▂▄▅█▆▇ | Total Deposits ($M) | $280 | $291 | $291 | $311 | $322 | $351 | $324 | $337 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 8% |
| Agricultural | 12% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 35% |