Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.15 | 0.87% |
| Return on Equity (%) | ▼ | 17.52% | -1.73 | 19.25% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.30 | 2.78% |
| Efficiency Ratio (%) | ▲ | 64.74% | -4.73 | 69.47% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.28 | $1 |
| Cost of Funds (%) | ▲ | 1.74% | -0.38 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $486 | -6.96 | $493 |
| Gross Loans ($M) | ▼ | $241 | -12.48 | $254 |
| Loan Growth YoY (%) | ▲ | 63.01% | +0.40 | 62.61% |
| Total Deposits ($M) | ▼ | $379 | -22.26 | $401 |
| Shareholders Equity ($M) | ▲ | $28 | +4.37 | $23 |
| Tang. Book Value ($M) | ▲ | $18 | +4.62 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +4.77 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 63.01% | +0.40 | 62.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.71 | 0.93% |
| Allowance / Loans (%) | — | 0.92% | 0.02% | 0.90% |
| Net Charge-Off Ratio (%) | ▲ | 0.45% | -1.36 | 1.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.49% | +1.20 | 12.30% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆███ | Net Interest Margin (%) | 2.37% | 2.38% | 2.47% | 2.78% | 2.88% | 3.03% | 3.03% | 3.08% |
| ▁▁▁▇▅▇▆█ | Return on Assets (%) | 0.42% | 0.44% | 0.44% | 0.87% | 0.78% | 0.92% | 0.80% | 1.01% |
| ███▃▄▃▄▁ | Efficiency Ratio (%) | 83.0% | 82.1% | 82.9% | 69.5% | 73.4% | 70.2% | 72.8% | 64.7% |
| ▇██▄▃▂▁▁ | Cost of Funds (%) | 2.40% | 2.53% | 2.53% | 2.12% | 1.96% | 1.88% | 1.84% | 1.74% |
| ▅▅▆██▁▁▁ | NPA / Assets (%) | 0.68% | 0.67% | 0.75% | 0.93% | 0.98% | 0.22% | 0.22% | 0.22% |
| ▆▆▆██▁▁▁ | Net Charge-Off Ratio (%) | 1.42% | 1.39% | 1.42% | 1.80% | 1.84% | 0.44% | 0.44% | 0.45% |
| ▂█▁▃▁▇██ | Tang. Book Value ($M) | $12 | $18 | $11 | $13 | $12 | $18 | $19 | $18 |
| ▇██▆▄▁▄▁ | Gross Loans ($M) | $255 | $257 | $259 | $254 | $249 | $242 | $249 | $241 |
| ▇█▃█▁▃▁▂ | Total Deposits ($M) | $395 | $401 | $383 | $401 | $375 | $382 | $376 | $379 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 8% |
| Agricultural | 20% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 14% |