Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.11 | 0.89% |
| Return on Equity (%) | ▲ | 10.90% | +1.11 | 9.79% |
| Net Interest Margin (%) | ▲ | 3.20% | +0.09 | 3.11% |
| Efficiency Ratio (%) | ▲ | 69.10% | -4.38 | 73.48% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.43 | $1 |
| Cost of Funds (%) | ▼ | 1.96% | +0.03 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $723 | +52.10 | $671 |
| Gross Loans ($M) | ▲ | $392 | +5.46 | $386 |
| Loan Growth YoY (%) | ▼ | 58.89% | -4.24 | 63.13% |
| Total Deposits ($M) | ▲ | $652 | +51.86 | $600 |
| Shareholders Equity ($M) | ▲ | $65 | +4.51 | $61 |
| Tang. Book Value ($M) | ▲ | $65 | +4.51 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +7.11 | $73 |
| Loan / Deposit Ratio (%) | ▼ | 58.89% | -4.24 | 63.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.04 | 0.32% |
| Allowance / Loans (%) | — | 2.03% | 0.07% | 1.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.01 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.42% | +0.96 | 13.46% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▆▇▇▇█ | Net Interest Margin (%) | 2.83% | 2.93% | 2.97% | 3.11% | 3.12% | 3.12% | 3.15% | 3.20% |
| ▁▁▁▅▆▆▆█ | Return on Assets (%) | 0.70% | 0.73% | 0.72% | 0.89% | 0.90% | 0.91% | 0.91% | 1.00% |
| ███▅▄▃▃▁ | Efficiency Ratio (%) | 77.8% | 77.8% | 77.7% | 73.5% | 72.7% | 72.3% | 72.3% | 69.1% |
| ▁▄▄▃▆█▇▄ | Cost of Funds (%) | 1.86% | 1.94% | 1.95% | 1.93% | 2.01% | 2.07% | 2.03% | 1.96% |
| █▅▅▄▂▁▁▁ | NPA / Assets (%) | 0.40% | 0.35% | 0.34% | 0.32% | 0.29% | 0.27% | 0.28% | 0.28% |
| ██▇▄▃▁▃▆ | Net Charge-Off Ratio (%) | 0.12% | 0.12% | 0.11% | 0.09% | 0.08% | 0.07% | 0.08% | 0.10% |
| ▁▄▂▃▃▇█▇ | Tang. Book Value ($M) | $57 | $62 | $60 | $61 | $60 | $65 | $67 | $65 |
| ▁▂▄▇▇▇▆█ | Gross Loans ($M) | $354 | $362 | $371 | $386 | $387 | $385 | $379 | $392 |
| ▁▁▂▅▆▇▇█ | Total Deposits ($M) | $546 | $549 | $565 | $600 | $613 | $628 | $636 | $652 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 16% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 22% |