Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.30% | +0.04 | 0.26% |
| Return on Equity (%) | ▲ | 2.84% | +0.06 | 2.78% |
| Net Interest Margin (%) | ▼ | 3.50% | -0.16 | 3.65% |
| Efficiency Ratio (%) | ▲ | 89.29% | -1.76 | 91.05% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.12 | $1 |
| Cost of Funds (%) | ▼ | 0.46% | +0.08 | 0.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $810 | +11.93 | $799 |
| Gross Loans ($M) | ▼ | $368 | -5.11 | $373 |
| Loan Growth YoY (%) | ▼ | 52.69% | -0.30 | 52.99% |
| Total Deposits ($M) | ▼ | $686 | -6.38 | $693 |
| Shareholders Equity ($M) | ▲ | $87 | +7.56 | $79 |
| Tang. Book Value ($M) | ▲ | $87 | +7.56 | $79 |
| TBV excl. AOCI ($M)** | ▲ | $103 | +7.46 | $95 |
| Loan / Deposit Ratio (%) | ▼ | 52.69% | -0.30 | 52.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.01 | 0.03% |
| Allowance / Loans (%) | — | 1.69% | 0.10% | 1.59% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.02 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 23.11% | +0.90 | 22.22% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄██▇█▇ | Net Interest Margin (%) | 3.02% | 3.15% | 3.26% | 3.65% | 3.59% | 3.56% | 3.59% | 3.50% |
| ▅██▂▂▁▅▄ | Return on Assets (%) | 0.32% | 0.36% | 0.37% | 0.26% | 0.27% | 0.25% | 0.31% | 0.30% |
| ▁▁▁███▇▇ | Efficiency Ratio (%) | 84.6% | 83.9% | 84.6% | 91.0% | 90.6% | 90.9% | 89.7% | 89.3% |
| █▆▁▁▁▃▂▁ | Cost of Funds (%) | 1.14% | 0.91% | 0.39% | 0.38% | 0.46% | 0.57% | 0.55% | 0.46% |
| ▁▁▁▁█▄▄▁ | NPA / Assets (%) | 0.01% | 0.04% | 0.03% | 0.03% | 0.24% | 0.12% | 0.11% | 0.02% |
| ▁▁▁▁█▄▄▁ | Net Charge-Off Ratio (%) | 0.03% | 0.08% | 0.05% | 0.07% | 0.55% | 0.27% | 0.25% | 0.05% |
| ▁▆▁▄▅███ | Tang. Book Value ($M) | $72 | $83 | $73 | $79 | $80 | $86 | $88 | $87 |
| █▆▅▄▃▁▁▂ | Gross Loans ($M) | $388 | $378 | $376 | $373 | $370 | $363 | $364 | $368 |
| ▆▇▅▂█▇▅▁ | Total Deposits ($M) | $714 | $719 | $707 | $693 | $724 | $716 | $706 | $686 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 9% |
| Agricultural | 10% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 49% |
| Interest-Bearing (core) | 51% |