Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.74% | -0.18 | 1.92% |
| Return on Equity (%) | ▼ | 22.78% | -9.14 | 31.92% |
| Net Interest Margin (%) | ▼ | 3.95% | -0.01 | 3.96% |
| Efficiency Ratio (%) | ▼ | 56.03% | +3.16 | 52.88% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.09 | $3 |
| Cost of Funds (%) | ▲ | 0.79% | -0.47 | 1.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $719 | +28.88 | $690 |
| Gross Loans ($M) | ▼ | $224 | -4.29 | $228 |
| Loan Growth YoY (%) | ▼ | 34.28% | -1.75 | 36.02% |
| Total Deposits ($M) | ▲ | $645 | +15.79 | $629 |
| Shareholders Equity ($M) | ▲ | $54 | +11.47 | $42 |
| Tang. Book Value ($M) | ▲ | $53 | +11.49 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +13.05 | $62 |
| Loan / Deposit Ratio (%) | ▼ | 34.28% | -1.75 | 36.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.34% | +0.94 | 0.40% |
| Allowance / Loans (%) | — | 1.34% | 0.59% | 0.75% |
| Net Charge-Off Ratio (%) | ▼ | 4.31% | +3.10 | 1.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.06% | +0.66 | 20.40% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▄▆█▇ | Net Interest Margin (%) | 3.77% | 3.75% | 3.77% | 3.96% | 3.85% | 3.91% | 3.99% | 3.95% |
| █▆▄▄▁▂▁▂ | Return on Assets (%) | 2.28% | 2.11% | 1.91% | 1.92% | 1.67% | 1.72% | 1.63% | 1.74% |
| ▁▂▄▅▅▆▅█ | Efficiency Ratio (%) | 48.5% | 49.9% | 51.6% | 52.9% | 53.1% | 53.5% | 53.1% | 56.0% |
| ▇██▅▅▄▂▁ | Cost of Funds (%) | 1.48% | 1.52% | 1.60% | 1.25% | 1.26% | 1.15% | 0.98% | 0.79% |
| ▁▁▂▂██▆▆ | NPA / Assets (%) | 0.14% | 0.24% | 0.39% | 0.40% | 1.74% | 1.72% | 1.28% | 1.34% |
| ▁▁▂▂██▆▇ | Net Charge-Off Ratio (%) | 0.41% | 0.81% | 1.16% | 1.20% | 5.53% | 5.53% | 4.01% | 4.31% |
| ▁▄▁▁▂▅██ | Tang. Book Value ($M) | $41 | $47 | $41 | $42 | $43 | $48 | $55 | $53 |
| █▃▃▂▂▁▁▁ | Gross Loans ($M) | $243 | $230 | $231 | $228 | $229 | $224 | $225 | $224 |
| ▁▆▅▅██▆▆ | Total Deposits ($M) | $582 | $636 | $630 | $629 | $667 | $658 | $638 | $645 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 29% |
| C&I / Commercial | 54% |
| Agricultural | 1% |
| Consumer | 8% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 11% |