Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.77% | -0.21 | 0.98% |
| Return on Equity (%) | ▼ | 8.75% | -2.80 | 11.55% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.17 | 3.52% |
| Efficiency Ratio (%) | ▼ | 64.29% | +0.48 | 63.80% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.18 | $2 |
| Cost of Funds (%) | ▲ | 1.81% | -0.30 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $521 | +7.98 | $513 |
| Gross Loans ($M) | ▲ | $396 | +8.35 | $387 |
| Loan Growth YoY (%) | ▼ | 82.91% | -3.24 | 86.15% |
| Total Deposits ($M) | ▲ | $471 | +26.60 | $444 |
| Shareholders Equity ($M) | ▲ | $48 | +3.45 | $45 |
| Tang. Book Value ($M) | ▲ | $48 | +3.45 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +5.41 | $46 |
| Loan / Deposit Ratio (%) | ▼ | 82.91% | -3.24 | 86.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.32% | -0.07 | 0.38% |
| Allowance / Loans (%) | — | 1.26% | 0.15% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.42% | -0.09 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.24% | +0.95 | 12.29% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▁▁▆▇▇█ | Net Interest Margin (%) | 3.57% | 3.54% | 3.53% | 3.52% | 3.64% | 3.67% | 3.67% | 3.69% |
| ██▇▅▆▆▅▁ | Return on Assets (%) | 1.17% | 1.14% | 1.11% | 0.98% | 1.07% | 1.02% | 1.01% | 0.77% |
| ▁▂▂█▇███ | Efficiency Ratio (%) | 56.1% | 57.4% | 58.1% | 63.8% | 63.2% | 64.1% | 63.6% | 64.3% |
| ███▆▆▂▄▁ | Cost of Funds (%) | 2.20% | 2.23% | 2.19% | 2.10% | 2.12% | 1.90% | 1.97% | 1.81% |
| ▁▁█▆▁▁▁▅ | NPA / Assets (%) | 0.02% | 0.03% | 0.51% | 0.38% | 0.04% | 0.08% | 0.05% | 0.32% |
| ▁▁█▆▁▁▁▅ | Net Charge-Off Ratio (%) | 0.03% | 0.04% | 0.69% | 0.51% | 0.05% | 0.11% | 0.07% | 0.42% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $42 | $44 | $44 | $45 | $45 | $47 | $48 | $48 |
| ▁▁▆▆▆▇▅█ | Gross Loans ($M) | $373 | $372 | $387 | $387 | $388 | $393 | $387 | $396 |
| ▁▁▂▁▂▄█▄ | Total Deposits ($M) | $442 | $438 | $459 | $444 | $452 | $480 | $523 | $471 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 17% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 7% |