Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.06 | 1.18% |
| Return on Equity (%) | ▼ | 15.82% | -0.65 | 16.47% |
| Net Interest Margin (%) | ▼ | 3.54% | -0.02 | 3.56% |
| Efficiency Ratio (%) | ▲ | 59.16% | -2.52 | 61.68% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.17 | $2 |
| Cost of Funds (%) | ▲ | 1.80% | -0.03 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $514 | +23.20 | $491 |
| Gross Loans ($M) | ▼ | $288 | -15.64 | $304 |
| Loan Growth YoY (%) | ▼ | 62.32% | -7.27 | 69.59% |
| Total Deposits ($M) | ▲ | $453 | +23.61 | $429 |
| Shareholders Equity ($M) | ▲ | $41 | +5.18 | $36 |
| Tang. Book Value ($M) | ▲ | $37 | +5.14 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +4.51 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 62.32% | -7.27 | 69.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.36 | 0.00% |
| Allowance / Loans (%) | — | 2.09% | 0.38% | 1.71% |
| Net Charge-Off Ratio (%) | ▼ | 0.65% | +0.65 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.89% | +1.59 | 11.30% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅███▅ | Net Interest Margin (%) | 3.32% | 3.38% | 3.43% | 3.56% | 3.67% | 3.67% | 3.71% | 3.54% |
| ▁▂▃▇██▆█ | Return on Assets (%) | 0.98% | 1.02% | 1.07% | 1.18% | 1.24% | 1.22% | 1.15% | 1.24% |
| █▇▆▂▁▁▁▁ | Efficiency Ratio (%) | 70.8% | 68.8% | 67.1% | 61.7% | 60.6% | 60.4% | 60.3% | 59.2% |
| ▅█▇▁▁▂▁▁ | Cost of Funds (%) | 2.03% | 2.24% | 2.14% | 1.83% | 1.82% | 1.87% | 1.85% | 1.80% |
| ▃▁▁▁▃██▇ | NPA / Assets (%) | 0.13% | 0.00% | 0.00% | 0.00% | 0.15% | 0.40% | 0.43% | 0.36% |
| ▃▁▁▁▃███ | Net Charge-Off Ratio (%) | 0.20% | 0.00% | 0.00% | 0.00% | 0.23% | 0.64% | 0.73% | 0.65% |
| ▁▃▁▂▄▆▆█ | Tang. Book Value ($M) | $31 | $32 | $30 | $32 | $33 | $35 | $35 | $37 |
| ███▇██▅▁ | Gross Loans ($M) | $306 | $306 | $305 | $304 | $305 | $306 | $298 | $288 |
| ▁▄▅▄▄▆██ | Total Deposits ($M) | $407 | $428 | $431 | $429 | $425 | $440 | $448 | $453 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 43% |
| C&I / Commercial | 55% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 10% |