Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.70% | -0.16 | 1.86% |
| Return on Equity (%) | ▼ | 8.97% | -1.69 | 10.66% |
| Net Interest Margin (%) | ▼ | 4.78% | -0.10 | 4.88% |
| Efficiency Ratio (%) | ▼ | 52.86% | +2.37 | 50.48% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.25 | $4 |
| Cost of Funds (%) | ▲ | 1.73% | -0.23 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $664 | -3.09 | $667 |
| Gross Loans ($M) | ▲ | $445 | +2.87 | $442 |
| Loan Growth YoY (%) | ▲ | 82.60% | +0.90 | 81.71% |
| Total Deposits ($M) | ▼ | $532 | -1.57 | $533 |
| Shareholders Equity ($M) | ▲ | $128 | +10.52 | $117 |
| Tang. Book Value ($M) | ▲ | $127 | +10.52 | $116 |
| TBV excl. AOCI ($M)** | ▲ | $132 | +10.15 | $122 |
| Loan / Deposit Ratio (%) | ▲ | 82.60% | +0.90 | 81.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.82% | +2.41 | 0.41% |
| Allowance / Loans (%) | — | 1.39% | -0.15% | 1.53% |
| Net Charge-Off Ratio (%) | ▼ | 4.09% | +3.55 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -25.35 | 25.35% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▂▄▅▃▁ | Net Interest Margin (%) | 5.30% | 5.31% | 5.22% | 4.88% | 5.04% | 5.05% | 4.97% | 4.78% |
| ██▅▄▆▆▃▁ | Return on Assets (%) | 2.02% | 2.01% | 1.86% | 1.86% | 1.94% | 1.93% | 1.82% | 1.70% |
| ▁▁▁▅▄▅▅█ | Efficiency Ratio (%) | 47.5% | 47.5% | 48.2% | 50.5% | 50.1% | 50.3% | 50.5% | 52.9% |
| ▄██▅▄▅▅▁ | Cost of Funds (%) | 1.89% | 2.09% | 2.12% | 1.96% | 1.92% | 1.95% | 1.94% | 1.73% |
| ▂▂▁▁▃▄██ | NPA / Assets (%) | 0.95% | 0.79% | 0.34% | 0.41% | 1.26% | 1.38% | 2.63% | 2.82% |
| ▁▁▁▁▃▄██ | Net Charge-Off Ratio (%) | 0.55% | 0.36% | 0.45% | 0.54% | 1.73% | 1.90% | 3.95% | 4.09% |
| ▁▂▃▄▅▇▇█ | Tang. Book Value ($M) | $108 | $111 | $113 | $116 | $119 | $122 | $124 | $127 |
| ▄▆▁▄▇█▃▄ | Gross Loans ($M) | $443 | $452 | $423 | $442 | $459 | $469 | $437 | $445 |
| ▁▅██▅▅▇█ | Total Deposits ($M) | $500 | $520 | $532 | $533 | $519 | $521 | $529 | $532 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 10% |
| Agricultural | 23% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 17% |