Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.28 | 0.78% |
| Return on Equity (%) | ▲ | 12.17% | +2.33 | 9.84% |
| Net Interest Margin (%) | ▲ | 2.78% | +0.39 | 2.39% |
| Efficiency Ratio (%) | ▲ | 57.18% | -9.20 | 66.38% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.65 | $1 |
| Cost of Funds (%) | ▲ | 2.37% | -0.51 | 2.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $638 | +19.34 | $619 |
| Gross Loans ($M) | ▼ | $498 | -15.91 | $514 |
| Loan Growth YoY (%) | ▼ | 84.83% | -8.92 | 93.75% |
| Total Deposits ($M) | ▲ | $580 | +38.59 | $541 |
| Shareholders Equity ($M) | ▲ | $55 | +5.31 | $50 |
| Tang. Book Value ($M) | ▲ | $55 | +5.31 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +6.07 | $54 |
| Loan / Deposit Ratio (%) | ▼ | 84.83% | -8.92 | 93.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.90% | +0.46 | 0.43% |
| Allowance / Loans (%) | — | 1.15% | -0.04% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.77% | +0.37 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.26% | +0.97 | 10.30% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▆█ | Net Interest Margin (%) | 2.04% | 2.04% | 2.11% | 2.39% | 2.53% | 2.54% | 2.59% | 2.78% |
| ▁▁▂▅▇▇██ | Return on Assets (%) | 0.46% | 0.45% | 0.59% | 0.78% | 0.98% | 0.96% | 1.06% | 1.06% |
| ██▇▅▂▂▁▁ | Efficiency Ratio (%) | 75.1% | 74.4% | 70.9% | 66.4% | 61.5% | 61.4% | 59.1% | 57.2% |
| ██▇▅▄▄▃▁ | Cost of Funds (%) | 3.21% | 3.23% | 3.04% | 2.87% | 2.79% | 2.75% | 2.59% | 2.37% |
| ▃▁▂▃▆▅██ | NPA / Assets (%) | 0.44% | 0.18% | 0.31% | 0.43% | 0.71% | 0.64% | 0.92% | 0.90% |
| ▁▁▁▂▆▅█▅ | Net Charge-Off Ratio (%) | 0.22% | 0.22% | 0.24% | 0.40% | 0.85% | 0.79% | 1.16% | 0.77% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $47 | $49 | $49 | $50 | $52 | $54 | $55 | $55 |
| █▅█▆▁▁▁▁ | Gross Loans ($M) | $519 | $512 | $521 | $514 | $499 | $497 | $498 | $498 |
| ▁▃▄▃▁▅▇█ | Total Deposits ($M) | $525 | $538 | $545 | $541 | $521 | $553 | $569 | $580 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 14% |
| Agricultural | 8% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 20% |