Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.25 | 1.45% |
| Return on Equity (%) | ▲ | 17.41% | +0.44 | 16.97% |
| Net Interest Margin (%) | ▲ | 5.12% | +0.10 | 5.02% |
| Efficiency Ratio (%) | ▲ | 65.87% | -2.46 | 68.33% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.22 | $3 |
| Cost of Funds (%) | ▲ | 1.04% | -0.13 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $648 | -14.52 | $663 |
| Gross Loans ($M) | ▼ | $413 | -15.03 | $428 |
| Loan Growth YoY (%) | ▼ | 70.27% | -0.14 | 70.41% |
| Total Deposits ($M) | ▼ | $581 | -20.71 | $602 |
| Shareholders Equity ($M) | ▲ | $63 | +6.14 | $57 |
| Tang. Book Value ($M) | ▲ | $56 | +6.14 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +7.41 | $57 |
| Loan / Deposit Ratio (%) | ▼ | 70.27% | -0.14 | 70.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.07% | +0.57 | 0.50% |
| Allowance / Loans (%) | — | 1.16% | 0.13% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 1.68% | +0.91 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.30% | +0.93 | 13.38% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇██▇ | Net Interest Margin (%) | 4.78% | 4.82% | 4.84% | 5.02% | 5.10% | 5.18% | 5.19% | 5.12% |
| ▂▄█▁▅█▇█ | Return on Assets (%) | 1.48% | 1.54% | 1.67% | 1.45% | 1.59% | 1.70% | 1.64% | 1.69% |
| ▆▆▃█▄▁▁▃ | Efficiency Ratio (%) | 67.2% | 67.3% | 65.9% | 68.3% | 66.4% | 64.9% | 65.3% | 65.9% |
| ██▅▃▂▂▂▁ | Cost of Funds (%) | 1.54% | 1.50% | 1.30% | 1.17% | 1.13% | 1.15% | 1.14% | 1.04% |
| ▆▃▁▁▄▃██ | NPA / Assets (%) | 0.89% | 0.59% | 0.42% | 0.50% | 0.68% | 0.64% | 1.06% | 1.07% |
| ▆▂▁▂▄▃██ | Net Charge-Off Ratio (%) | 1.30% | 0.86% | 0.62% | 0.77% | 1.04% | 1.00% | 1.62% | 1.68% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $46 | $51 | $48 | $50 | $52 | $55 | $57 | $56 |
| ▇▇█▆▅▁▅▁ | Gross Loans ($M) | $434 | $432 | $437 | $428 | $426 | $412 | $427 | $413 |
| ▂▁▅█▆▄▂▄ | Total Deposits ($M) | $566 | $561 | $586 | $602 | $587 | $580 | $571 | $581 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 20% |
| Agricultural | 10% |
| Consumer | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 11% |