Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.57% | -0.31 | 0.88% |
| Return on Equity (%) | ▼ | 5.62% | -3.96 | 9.58% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.13 | 3.50% |
| Efficiency Ratio (%) | ▲ | 51.72% | -1.23 | 52.94% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.68 | $6 |
| Cost of Funds (%) | ▲ | 1.72% | -0.10 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,474 | +83.99 | $1,390 |
| Gross Loans ($M) | ▲ | $963 | +8.79 | $955 |
| Loan Growth YoY (%) | ▼ | 86.68% | -5.20 | 91.88% |
| Total Deposits ($M) | ▲ | $1,095 | +67.14 | $1,027 |
| Shareholders Equity ($M) | ▲ | $148 | +16.45 | $132 |
| Tang. Book Value ($M) | ▲ | $137 | +16.69 | $120 |
| TBV excl. AOCI ($M)** | ▲ | $152 | +17.61 | $135 |
| Loan / Deposit Ratio (%) | ▼ | 86.68% | -5.20 | 91.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.18% | +0.88 | 0.30% |
| Allowance / Loans (%) | — | 1.52% | 0.41% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 1.71% | +1.37 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▅▆███ | Net Interest Margin (%) | 3.33% | 3.44% | 3.46% | 3.50% | 3.56% | 3.62% | 3.66% | 3.63% |
| ▇██▄▇██▁ | Return on Assets (%) | 1.05% | 1.16% | 1.19% | 0.88% | 1.04% | 1.18% | 1.18% | 0.57% |
| █▆▅▅▃▂▁▃ | Efficiency Ratio (%) | 55.9% | 53.9% | 53.4% | 52.9% | 51.5% | 51.1% | 50.0% | 51.7% |
| ▂▁█▇▆▇█▁ | Cost of Funds (%) | 1.75% | 1.73% | 1.84% | 1.82% | 1.80% | 1.83% | 1.84% | 1.72% |
| ▁▁▁▂▂▂▆█ | NPA / Assets (%) | 0.06% | 0.18% | 0.13% | 0.30% | 0.30% | 0.28% | 0.88% | 1.18% |
| ▁▁▁▂▂▂▆█ | Net Charge-Off Ratio (%) | 0.04% | 0.23% | 0.11% | 0.34% | 0.37% | 0.36% | 1.21% | 1.71% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $107 | $119 | $115 | $120 | $125 | $133 | $136 | $137 |
| ▁▂▃▄▅▆█▅ | Gross Loans ($M) | $917 | $934 | $946 | $955 | $964 | $970 | $995 | $963 |
| ▅▂▄▂▁▃▃█ | Total Deposits ($M) | $1,058 | $1,030 | $1,054 | $1,027 | $1,014 | $1,035 | $1,042 | $1,095 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 9% |
| Agricultural | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 3% |