Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.62 | 0.70% |
| Return on Equity (%) | ▲ | 13.02% | +5.10 | 7.92% |
| Net Interest Margin (%) | ▲ | 2.95% | +0.87 | 2.08% |
| Efficiency Ratio (%) | ▲ | 52.41% | -14.18 | 66.58% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.85 | $3 |
| Cost of Funds (%) | ▲ | 2.41% | -0.55 | 2.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,580 | -44.30 | $1,624 |
| Gross Loans ($M) | ▼ | $1,297 | -12.96 | $1,310 |
| Loan Growth YoY (%) | ▼ | 102.02% | -1.73 | 103.74% |
| Total Deposits ($M) | ▲ | $1,258 | +7.99 | $1,250 |
| Shareholders Equity ($M) | ▲ | $164 | +19.08 | $144 |
| Tang. Book Value ($M) | ▲ | $164 | +19.08 | $144 |
| TBV excl. AOCI ($M)** | ▲ | $175 | +18.64 | $156 |
| Loan / Deposit Ratio (%) | ▼ | 102.02% | -1.73 | 103.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.01 | 0.02% |
| Allowance / Loans (%) | — | 1.05% | 0.05% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.00 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.25% | +0.95 | 12.30% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 1.59% | 1.64% | 1.75% | 2.08% | 2.20% | 2.33% | 2.44% | 2.95% |
| ▁▁▂▄▅▆▆█ | Return on Assets (%) | 0.24% | 0.28% | 0.40% | 0.70% | 0.85% | 0.94% | 1.05% | 1.33% |
| ██▇▄▃▂▁▁ | Efficiency Ratio (%) | 85.6% | 83.4% | 77.7% | 66.6% | 62.1% | 59.6% | 56.4% | 52.4% |
| ██▆▆▄▄▁▁ | Cost of Funds (%) | 3.28% | 3.25% | 2.96% | 2.96% | 2.81% | 2.77% | 2.50% | 2.41% |
| █▄▂▂▁▅▅▁ | NPA / Assets (%) | 0.06% | 0.03% | 0.02% | 0.02% | 0.01% | 0.04% | 0.04% | 0.01% |
| ▅▆▅▃▁▇█▂ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.03% | 0.01% | 0.00% | 0.04% | 0.05% | 0.01% |
| ▁▂▂▂▃▆██ | Tang. Book Value ($M) | $141 | $146 | $145 | $144 | $147 | $156 | $163 | $164 |
| ▂▅█▅▂▁▆▁ | Gross Loans ($M) | $1,299 | $1,310 | $1,324 | $1,310 | $1,299 | $1,294 | $1,315 | $1,297 |
| ▃▄▁▆█▇▆▇ | Total Deposits ($M) | $1,199 | $1,206 | $1,154 | $1,250 | $1,286 | $1,253 | $1,245 | $1,258 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 16% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 18% |