Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.46% | -0.10 | 1.57% |
| Return on Equity (%) | ▼ | 8.23% | -2.15 | 10.38% |
| Net Interest Margin (%) | ▼ | 4.37% | -0.03 | 4.41% |
| Efficiency Ratio (%) | ▼ | 57.58% | +0.09 | 57.48% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.59 | $5 |
| Cost of Funds (%) | ▲ | 1.99% | -0.19 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $840 | -87.60 | $928 |
| Gross Loans ($M) | ▼ | $624 | -16.74 | $641 |
| Loan Growth YoY (%) | ▲ | 90.12% | +9.46 | 80.66% |
| Total Deposits ($M) | ▼ | $681 | -102.49 | $784 |
| Shareholders Equity ($M) | ▲ | $152 | +15.88 | $136 |
| Tang. Book Value ($M) | ▲ | $149 | +21.64 | $128 |
| TBV excl. AOCI ($M)** | ▲ | $153 | +21.54 | $132 |
| Loan / Deposit Ratio (%) | ▲ | 90.12% | +9.46 | 80.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.80% | +1.44 | 0.36% |
| Allowance / Loans (%) | — | 1.64% | 0.27% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 2.42% | +1.93 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▄▅▅▁ | Net Interest Margin (%) | 5.06% | 5.02% | 5.00% | 4.41% | 4.67% | 4.74% | 4.74% | 4.37% |
| ▆▆▇▂▄▅█▁ | Return on Assets (%) | 2.02% | 2.03% | 2.11% | 1.57% | 1.82% | 1.90% | 2.25% | 1.46% |
| ▁▁▁█▆▄▁█ | Efficiency Ratio (%) | 49.3% | 49.2% | 48.5% | 57.5% | 54.5% | 52.9% | 48.8% | 57.6% |
| █▇█▆▅▄▁▁ | Cost of Funds (%) | 2.29% | 2.21% | 2.27% | 2.18% | 2.16% | 2.08% | 1.95% | 1.99% |
| ▄▂▁▁▆▆▇█ | NPA / Assets (%) | 1.00% | 0.59% | 0.51% | 0.36% | 1.28% | 1.43% | 1.59% | 1.80% |
| ▄▂▁▁▅▆▇█ | Net Charge-Off Ratio (%) | 1.33% | 0.75% | 0.64% | 0.49% | 1.62% | 1.77% | 2.16% | 2.42% |
| ▁▂▃▃▄▅██ | Tang. Book Value ($M) | $119 | $125 | $128 | $128 | $133 | $139 | $152 | $149 |
| ▃▅▇▃▆█▄▁ | Gross Loans ($M) | $639 | $652 | $667 | $641 | $662 | $676 | $650 | $624 |
| ▃▅▅█▂▂▄▁ | Total Deposits ($M) | $717 | $745 | $734 | $784 | $703 | $695 | $724 | $681 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 26% |