Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.28 | 0.93% |
| Return on Equity (%) | ▲ | 15.66% | +1.65 | 14.01% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.17 | 3.47% |
| Efficiency Ratio (%) | ▲ | 64.32% | -8.78 | 73.10% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.74 | $1 |
| Cost of Funds (%) | ▲ | 1.65% | -0.25 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $650 | +55.38 | $595 |
| Gross Loans ($M) | ▼ | $342 | -2.27 | $344 |
| Loan Growth YoY (%) | ▼ | 57.04% | -5.23 | 62.27% |
| Total Deposits ($M) | ▲ | $590 | +46.34 | $544 |
| Shareholders Equity ($M) | ▲ | $50 | +8.83 | $41 |
| Tang. Book Value ($M) | ▲ | $48 | +8.87 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +10.64 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 57.04% | -5.23 | 62.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.45% | +0.72 | 2.74% |
| Allowance / Loans (%) | — | 1.43% | -0.06% | 1.49% |
| Net Charge-Off Ratio (%) | ▼ | 6.57% | +1.84 | 4.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.91% | +1.17 | 14.74% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▄█▅▅█ | Net Interest Margin (%) | 3.32% | 3.38% | 3.54% | 3.47% | 3.62% | 3.52% | 3.51% | 3.64% |
| ▁▁▃▆▆▅▅█ | Return on Assets (%) | 0.46% | 0.55% | 0.73% | 0.93% | 0.96% | 0.85% | 0.87% | 1.21% |
| ██▆▄▄▄▄▁ | Efficiency Ratio (%) | 84.6% | 82.4% | 78.2% | 73.1% | 72.8% | 74.4% | 73.6% | 64.3% |
| █▇▆▃▃▂▂▁ | Cost of Funds (%) | 2.34% | 2.26% | 2.11% | 1.90% | 1.85% | 1.77% | 1.80% | 1.65% |
| ▅▃▁▆▆▇██ | NPA / Assets (%) | 2.23% | 1.22% | 0.28% | 2.74% | 2.91% | 3.26% | 3.82% | 3.45% |
| ▄▂▁▆▆▇██ | Net Charge-Off Ratio (%) | 3.58% | 2.05% | 0.46% | 4.73% | 4.97% | 6.07% | 7.17% | 6.57% |
| ▁▄▁▃▄▇██ | Tang. Book Value ($M) | $34 | $40 | $35 | $39 | $40 | $46 | $48 | $48 |
| ▇▅█▂▅▁▄▁ | Gross Loans ($M) | $354 | $351 | $357 | $344 | $350 | $341 | $348 | $342 |
| ▁▂▃▃▃▇██ | Total Deposits ($M) | $518 | $531 | $545 | $544 | $546 | $575 | $593 | $590 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 7% |
| Agricultural | 15% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 13% |