Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.95% | -0.07 | 1.03% |
| Return on Equity (%) | ▼ | 10.44% | -0.72 | 11.16% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.07 | 3.89% |
| Efficiency Ratio (%) | ▼ | 66.76% | +0.99 | 65.77% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.32 | $3 |
| Cost of Funds (%) | ▲ | 2.39% | -0.15 | 2.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,122 | +99.08 | $1,022 |
| Gross Loans ($M) | ▲ | $919 | +83.50 | $836 |
| Loan Growth YoY (%) | ▼ | 93.69% | -0.32 | 94.01% |
| Total Deposits ($M) | ▲ | $970 | +90.98 | $879 |
| Shareholders Equity ($M) | ▲ | $102 | +7.65 | $94 |
| Tang. Book Value ($M) | ▲ | $102 | +7.66 | $94 |
| TBV excl. AOCI ($M)** | ▲ | $106 | +8.31 | $98 |
| Loan / Deposit Ratio (%) | ▼ | 93.69% | -0.32 | 94.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.83% | +0.11 | 0.72% |
| Allowance / Loans (%) | — | 1.15% | 0.02% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.97% | +0.10 | 0.87% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▂▅▇█▅ | Net Interest Margin (%) | 3.85% | 3.85% | 3.90% | 3.89% | 3.95% | 3.99% | 4.02% | 3.95% |
| ███▅█▅▃▁ | Return on Assets (%) | 1.08% | 1.09% | 1.09% | 1.03% | 1.09% | 1.03% | 1.01% | 0.95% |
| ▃▃▄▆▃▁▁█ | Efficiency Ratio (%) | 64.8% | 64.5% | 65.2% | 65.8% | 64.6% | 63.7% | 63.7% | 66.8% |
| ██▇▄▅▆▃▁ | Cost of Funds (%) | 2.72% | 2.76% | 2.71% | 2.54% | 2.58% | 2.62% | 2.53% | 2.39% |
| ▂██▃█▃▁▆ | NPA / Assets (%) | 0.67% | 0.93% | 0.95% | 0.72% | 0.95% | 0.73% | 0.62% | 0.83% |
| ▁▇█▃█▄▁▅ | Net Charge-Off Ratio (%) | 0.73% | 1.07% | 1.11% | 0.87% | 1.12% | 0.89% | 0.76% | 0.97% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $87 | $92 | $91 | $94 | $96 | $99 | $101 | $102 |
| ▁▂▃▄▆▆▇█ | Gross Loans ($M) | $781 | $803 | $818 | $836 | $872 | $884 | $898 | $919 |
| ▁▂▃▅▆▇▇█ | Total Deposits ($M) | $788 | $828 | $852 | $879 | $913 | $929 | $947 | $970 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Agricultural | 2% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 18% |