Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.19% | -0.22 | 1.41% |
| Return on Equity (%) | ▼ | 14.14% | -4.53 | 18.67% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.12 | 3.22% |
| Efficiency Ratio (%) | ▼ | 51.84% | +8.29 | 43.55% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.49 | $4 |
| Cost of Funds (%) | ▲ | 2.77% | -0.15 | 2.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $949 | +14.22 | $935 |
| Gross Loans ($M) | ▼ | $732 | -3.71 | $736 |
| Loan Growth YoY (%) | ▼ | 87.79% | -1.10 | 88.89% |
| Total Deposits ($M) | ▲ | $823 | +3.54 | $819 |
| Shareholders Equity ($M) | ▲ | $80 | +9.63 | $71 |
| Tang. Book Value ($M) | ▲ | $79 | +9.73 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $88 | +10.28 | $77 |
| Loan / Deposit Ratio (%) | ▼ | 87.79% | -1.10 | 88.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.15% | +1.29 | 0.86% |
| Allowance / Loans (%) | — | 1.37% | 0.30% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 2.78% | +1.69 | 1.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.54% | +0.97 | 11.57% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▅▇█ | Net Interest Margin (%) | 3.03% | 3.06% | 3.11% | 3.22% | 3.27% | 3.20% | 3.27% | 3.34% |
| ▆▅▁██▅▄▄ | Return on Assets (%) | 1.33% | 1.24% | 1.02% | 1.41% | 1.45% | 1.28% | 1.21% | 1.19% |
| ▁▃▇▁▁▄█▇ | Efficiency Ratio (%) | 43.9% | 46.0% | 51.8% | 43.6% | 44.1% | 47.7% | 53.4% | 51.8% |
| ██▇▆▅▇▆▁ | Cost of Funds (%) | 2.97% | 2.97% | 2.93% | 2.92% | 2.88% | 2.95% | 2.90% | 2.77% |
| ▁▂▁▂▃███ | NPA / Assets (%) | 0.48% | 0.78% | 0.70% | 0.86% | 1.09% | 2.22% | 2.13% | 2.15% |
| ▁▂▁▂▃███ | Net Charge-Off Ratio (%) | 0.61% | 0.94% | 0.88% | 1.09% | 1.40% | 2.90% | 2.74% | 2.78% |
| ▁▃▂▂▃▆██ | Tang. Book Value ($M) | $68 | $71 | $70 | $70 | $71 | $76 | $79 | $79 |
| ▁▃█▇█▇█▆ | Gross Loans ($M) | $701 | $713 | $739 | $736 | $740 | $736 | $743 | $732 |
| ▁▁▄▇██▇▇ | Total Deposits ($M) | $767 | $764 | $797 | $819 | $832 | $836 | $826 | $823 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 20% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 38% |
| Brokered / Other | 54% |