Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.19 | 0.82% |
| Return on Equity (%) | ▲ | 11.65% | +0.94 | 10.71% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.51 | 3.11% |
| Efficiency Ratio (%) | ▲ | 62.20% | -9.80 | 72.01% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.83 | $1 |
| Cost of Funds (%) | ▲ | 1.94% | -0.26 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $616 | +8.60 | $608 |
| Gross Loans ($M) | ▼ | $426 | -24.01 | $450 |
| Loan Growth YoY (%) | ▼ | 84.71% | -9.11 | 93.82% |
| Total Deposits ($M) | ▲ | $496 | +21.77 | $475 |
| Shareholders Equity ($M) | ▲ | $53 | +5.67 | $47 |
| Tang. Book Value ($M) | ▲ | $48 | +5.78 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +6.49 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 84.71% | -9.11 | 93.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.72% | +0.01 | 0.70% |
| Allowance / Loans (%) | — | 1.29% | 0.24% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 1.03% | +0.08 | 0.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.36% | +1.19 | 12.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▄█ | Net Interest Margin (%) | 2.88% | 2.90% | 2.92% | 3.11% | 3.16% | 3.22% | 3.24% | 3.62% |
| ▁▂▃▅▆▇▇█ | Return on Assets (%) | 0.58% | 0.66% | 0.73% | 0.82% | 0.90% | 0.93% | 0.94% | 1.01% |
| ██▇▅▄▄▄▁ | Efficiency Ratio (%) | 78.9% | 77.1% | 75.6% | 72.0% | 70.5% | 70.4% | 70.0% | 62.2% |
| ▇█▇█▆█▃▁ | Cost of Funds (%) | 2.17% | 2.22% | 2.17% | 2.20% | 2.12% | 2.19% | 2.04% | 1.94% |
| ▁▁▁▅▅▅█▅ | NPA / Assets (%) | 0.24% | 0.21% | 0.25% | 0.70% | 0.67% | 0.72% | 1.04% | 0.72% |
| ▁▁▁▅▅▅█▆ | Net Charge-Off Ratio (%) | 0.26% | 0.25% | 0.30% | 0.95% | 0.91% | 0.99% | 1.48% | 1.03% |
| ▁▅▁▃▄███ | Tang. Book Value ($M) | $39 | $44 | $40 | $42 | $43 | $47 | $48 | $48 |
| ▁▁██▇▆▄▂ | Gross Loans ($M) | $419 | $423 | $449 | $450 | $443 | $439 | $434 | $426 |
| ▂▁▃▄▃▁██ | Total Deposits ($M) | $463 | $456 | $468 | $475 | $471 | $459 | $494 | $496 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 11% |
| Agricultural | 8% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 18% |