Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.29% | -0.50 | 1.79% |
| Return on Equity (%) | ▼ | 11.52% | -5.44 | 16.96% |
| Net Interest Margin (%) | ▼ | 3.94% | -0.22 | 4.16% |
| Efficiency Ratio (%) | ▼ | 66.45% | +9.81 | 56.64% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.44 | $2 |
| Cost of Funds (%) | ▲ | 1.07% | -0.19 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $422 | +8.32 | $414 |
| Gross Loans ($M) | ▼ | $257 | -5.58 | $262 |
| Loan Growth YoY (%) | ▼ | 67.69% | -2.68 | 70.37% |
| Total Deposits ($M) | ▲ | $373 | +6.42 | $367 |
| Shareholders Equity ($M) | ▲ | $46 | +1.84 | $44 |
| Tang. Book Value ($M) | ▲ | $46 | +1.84 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +1.38 | $49 |
| Loan / Deposit Ratio (%) | ▼ | 67.69% | -2.68 | 70.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.89% | +0.69 | 0.20% |
| Allowance / Loans (%) | — | 1.60% | -0.01% | 1.60% |
| Net Charge-Off Ratio (%) | ▼ | 1.23% | +1.14 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.70% | +0.61 | 18.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▃▅▅▅▁ | Net Interest Margin (%) | 4.44% | 4.55% | 4.52% | 4.16% | 4.27% | 4.28% | 4.30% | 3.94% |
| ▃██████▁ | Return on Assets (%) | 1.44% | 1.83% | 1.84% | 1.79% | 1.78% | 1.82% | 1.82% | 1.29% |
| █▄▃▁▁▂▂▇ | Efficiency Ratio (%) | 68.2% | 61.1% | 59.7% | 56.6% | 58.0% | 58.5% | 59.1% | 66.5% |
| ▃▆▃█▇▅▂▁ | Cost of Funds (%) | 1.12% | 1.19% | 1.14% | 1.26% | 1.23% | 1.18% | 1.10% | 1.07% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.22% | 0.22% | 0.18% | 0.20% | 0.20% | 0.18% | 0.91% | 0.89% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.12% | 0.11% | 0.05% | 0.09% | 0.09% | 0.06% | 1.26% | 1.23% |
| ▁▅▃▄▅██▆ | Tang. Book Value ($M) | $41 | $45 | $43 | $44 | $45 | $47 | $48 | $46 |
| ▂▅██▇▃▁▄ | Gross Loans ($M) | $255 | $258 | $263 | $262 | $261 | $256 | $252 | $257 |
| ▅▁▄▆▃▆▅█ | Total Deposits ($M) | $364 | $349 | $360 | $367 | $357 | $364 | $363 | $373 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 25% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 4% |