Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.15 | 0.92% |
| Return on Equity (%) | ▲ | 10.82% | +1.78 | 9.04% |
| Net Interest Margin (%) | ▼ | 2.58% | -0.11 | 2.69% |
| Efficiency Ratio (%) | ▲ | 52.24% | -4.44 | 56.68% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.18 | $1 |
| Cost of Funds (%) | ▲ | 2.10% | -0.21 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $482 | +35.30 | $447 |
| Gross Loans ($M) | ▼ | $191 | -3.75 | $195 |
| Loan Growth YoY (%) | ▼ | 43.52% | -4.64 | 48.16% |
| Total Deposits ($M) | ▲ | $433 | +34.11 | $399 |
| Shareholders Equity ($M) | ▲ | $48 | +1.03 | $47 |
| Tang. Book Value ($M) | ▲ | $48 | +1.03 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +0.04 | $55 |
| Loan / Deposit Ratio (%) | ▼ | 43.52% | -4.64 | 48.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.20 | 0.07% |
| Allowance / Loans (%) | — | 1.37% | -0.02% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.65% | +0.48 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 24.65% | -0.66 | 25.31% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▃▃▃▂▁ | Net Interest Margin (%) | 2.80% | 2.88% | 2.91% | 2.69% | 2.68% | 2.68% | 2.64% | 2.58% |
| ▆██▂▁▁▂▄ | Return on Assets (%) | 1.20% | 1.27% | 1.32% | 0.92% | 0.85% | 0.90% | 0.94% | 1.07% |
| ▁▁▁█▇██▄ | Efficiency Ratio (%) | 49.3% | 50.1% | 50.1% | 56.7% | 55.7% | 55.9% | 56.2% | 52.2% |
| ▇█▅▆▄▇▅▁ | Cost of Funds (%) | 2.35% | 2.41% | 2.29% | 2.31% | 2.25% | 2.35% | 2.27% | 2.10% |
| ▆█▃▁▁▄▂▄ | NPA / Assets (%) | 0.41% | 0.57% | 0.23% | 0.07% | 0.12% | 0.26% | 0.14% | 0.27% |
| ▆█▃▁▁▄▂▄ | Net Charge-Off Ratio (%) | 0.95% | 1.29% | 0.56% | 0.17% | 0.28% | 0.60% | 0.35% | 0.65% |
| ▁▅▁▂▅█▅▅ | Tang. Book Value ($M) | $46 | $48 | $46 | $47 | $48 | $50 | $48 | $48 |
| ▁▆▅▄█▇█▁ | Gross Loans ($M) | $191 | $196 | $195 | $195 | $199 | $197 | $199 | $191 |
| ▁▁▅▂▄▁█▇ | Total Deposits ($M) | $395 | $390 | $423 | $399 | $411 | $395 | $445 | $433 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 15% |
| Agricultural | 9% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 2% |