Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.55 | 0.83% |
| Return on Equity (%) | ▲ | 14.68% | +4.87 | 9.81% |
| Net Interest Margin (%) | ▲ | 3.16% | +0.61 | 2.54% |
| Efficiency Ratio (%) | ▲ | 52.43% | -11.09 | 63.52% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.56 | $1 |
| Cost of Funds (%) | ▲ | 1.97% | -0.45 | 2.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $441 | -19.17 | $460 |
| Gross Loans ($M) | ▼ | $336 | -30.82 | $367 |
| Loan Growth YoY (%) | ▼ | 92.15% | -1.42 | 93.58% |
| Total Deposits ($M) | ▼ | $359 | -27.43 | $387 |
| Shareholders Equity ($M) | ▲ | $42 | +2.09 | $40 |
| Tang. Book Value ($M) | ▲ | $37 | +2.17 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +1.98 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 92.15% | -1.42 | 93.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.48 | 0.50% |
| Allowance / Loans (%) | — | 1.45% | 0.11% | 1.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.35 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.30% | +1.82 | 12.48% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▅▆█ | Net Interest Margin (%) | 2.26% | 2.22% | 2.28% | 2.54% | 2.69% | 2.75% | 2.84% | 3.16% |
| ▁▁▁▃▄▄▅█ | Return on Assets (%) | 0.67% | 0.64% | 0.69% | 0.83% | 0.95% | 0.97% | 1.08% | 1.38% |
| ███▆▅▅▄▁ | Efficiency Ratio (%) | 68.5% | 69.2% | 68.0% | 63.5% | 61.3% | 61.0% | 58.9% | 52.4% |
| ▇██▅▃▄▃▁ | Cost of Funds (%) | 2.68% | 2.78% | 2.79% | 2.42% | 2.25% | 2.33% | 2.19% | 1.97% |
| ▄▅▄█▅▁▁▁ | NPA / Assets (%) | 0.24% | 0.25% | 0.24% | 0.50% | 0.29% | 0.05% | 0.00% | 0.01% |
| ▇▇▁██▁▁▁ | Net Charge-Off Ratio (%) | 0.30% | 0.31% | 0.04% | 0.37% | 0.36% | 0.02% | 0.00% | 0.02% |
| ▁▅▁▄▄█▇█ | Tang. Book Value ($M) | $33 | $35 | $33 | $34 | $35 | $37 | $36 | $37 |
| ██▆▆▅▄▄▁ | Gross Loans ($M) | $383 | $380 | $369 | $367 | $365 | $357 | $355 | $336 |
| ▅▇▇█▅▂▁▃ | Total Deposits ($M) | $368 | $381 | $377 | $387 | $368 | $354 | $344 | $359 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Agricultural | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 14% |