Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.75% | -0.58 | 1.33% |
| Return on Equity (%) | ▼ | 6.78% | -3.28 | 10.06% |
| Net Interest Margin (%) | ▼ | 3.38% | -0.58 | 3.96% |
| Efficiency Ratio (%) | ▼ | 88.71% | +27.52 | 61.19% |
| Pre-Provision Profit ($M) | ▼ | $1 | -2.56 | $4 |
| Cost of Funds (%) | ▼ | 2.75% | +0.01 | 2.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,115 | +143.94 | $971 |
| Gross Loans ($M) | ▲ | $795 | +22.78 | $772 |
| Loan Growth YoY (%) | ▼ | 82.16% | -10.85 | 93.01% |
| Total Deposits ($M) | ▲ | $950 | +132.48 | $817 |
| Shareholders Equity ($M) | ▼ | $123 | -3.21 | $126 |
| Tang. Book Value ($M) | ▼ | $123 | -3.21 | $126 |
| TBV excl. AOCI ($M)** | ▼ | $128 | -0.94 | $129 |
| Loan / Deposit Ratio (%) | ▼ | 82.16% | -10.85 | 93.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 7.27% | +3.72 | 3.55% |
| Allowance / Loans (%) | — | 1.86% | 0.28% | 1.58% |
| Net Charge-Off Ratio (%) | ▼ | 6.81% | +2.71 | 4.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.14% | -1.37 | 14.51% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▆▆▆▅▁ | Net Interest Margin (%) | 4.14% | 4.14% | 4.18% | 3.96% | 3.98% | 3.91% | 3.87% | 3.38% |
| ███▅▅▂▁▃ | Return on Assets (%) | 1.92% | 1.88% | 1.85% | 1.33% | 1.24% | 0.71% | 0.34% | 0.75% |
| ▁▁▁▃▃▃▄█ | Efficiency Ratio (%) | 48.1% | 48.9% | 50.5% | 61.2% | 61.3% | 63.0% | 68.0% | 88.7% |
| ██▂▁▂▃▃▁ | Cost of Funds (%) | 3.36% | 3.32% | 2.87% | 2.74% | 2.90% | 2.95% | 2.93% | 2.75% |
| ▁▁▂▂▂▇▇█ | NPA / Assets (%) | 2.37% | 2.78% | 3.59% | 3.55% | 3.08% | 6.39% | 6.31% | 7.27% |
| ▁▁▃▂▂█▃▇ | Net Charge-Off Ratio (%) | 2.88% | 3.29% | 4.21% | 4.10% | 3.51% | 7.84% | 4.73% | 6.81% |
| ▁▄▆█▇▇▅▆ | Tang. Book Value ($M) | $116 | $121 | $123 | $126 | $124 | $124 | $121 | $123 |
| ▁▁▁▁▆█▃▅ | Gross Loans ($M) | $774 | $772 | $773 | $772 | $801 | $810 | $785 | $795 |
| ▄▂▁▃▆▇▇█ | Total Deposits ($M) | $827 | $786 | $751 | $817 | $894 | $909 | $919 | $950 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 8% |
| Agricultural | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 21% |