Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.15 | 1.21% |
| Return on Equity (%) | ▲ | 12.55% | +0.60 | 11.95% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.34 | 3.54% |
| Efficiency Ratio (%) | ▼ | 54.86% | +1.23 | 53.63% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.13 | $2 |
| Cost of Funds (%) | ▲ | 1.15% | -0.16 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $540 | -1.20 | $541 |
| Gross Loans ($M) | ▼ | $358 | -6.83 | $365 |
| Loan Growth YoY (%) | ▼ | 73.76% | -0.97 | 74.72% |
| Total Deposits ($M) | ▼ | $480 | -3.13 | $483 |
| Shareholders Equity ($M) | ▲ | $58 | +2.38 | $56 |
| Tang. Book Value ($M) | ▲ | $47 | +2.65 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +1.65 | $51 |
| Loan / Deposit Ratio (%) | ▼ | 73.76% | -0.97 | 74.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.23 | 0.18% |
| Allowance / Loans (%) | — | 1.25% | 0.06% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.62% | +0.36 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.24% | +0.53 | 12.72% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇▇█ | Net Interest Margin (%) | 2.96% | 3.00% | 3.08% | 3.54% | 3.63% | 3.65% | 3.71% | 3.87% |
| ▁▂▂▆▇▇▇█ | Return on Assets (%) | 0.79% | 0.87% | 0.94% | 1.21% | 1.23% | 1.23% | 1.23% | 1.37% |
| █▇▆▁▂▃▃▂ | Efficiency Ratio (%) | 61.4% | 60.0% | 58.6% | 53.6% | 55.1% | 55.8% | 56.0% | 54.9% |
| ██▆▂▄▄▃▁ | Cost of Funds (%) | 1.79% | 1.73% | 1.56% | 1.31% | 1.43% | 1.44% | 1.33% | 1.15% |
| ▁▁▁▁█▂▃▄ | NPA / Assets (%) | 0.13% | 0.17% | 0.16% | 0.18% | 0.82% | 0.28% | 0.32% | 0.41% |
| ▁▁▁▁█▂▃▄ | Net Charge-Off Ratio (%) | 0.20% | 0.27% | 0.24% | 0.26% | 1.17% | 0.40% | 0.45% | 0.62% |
| ▁▅▃▄▆▇██ | Tang. Book Value ($M) | $42 | $45 | $43 | $44 | $45 | $46 | $47 | $47 |
| ▂▁▅▅█▇█▂ | Gross Loans ($M) | $359 | $355 | $364 | $365 | $372 | $369 | $372 | $358 |
| ▇█▄▅▁▃▂▄ | Total Deposits ($M) | $496 | $505 | $480 | $483 | $460 | $476 | $469 | $480 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 53% |
| C&I / Commercial | 7% |
| Agricultural | 35% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 5% |