Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.16 | 1.12% |
| Return on Equity (%) | ▲ | 12.62% | +1.12 | 11.50% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.26 | 3.83% |
| Efficiency Ratio (%) | ▲ | 62.08% | -1.97 | 64.06% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.22 | $2 |
| Cost of Funds (%) | ▲ | 0.83% | -0.21 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $564 | -5.72 | $570 |
| Gross Loans ($M) | ▼ | $364 | -26.25 | $391 |
| Loan Growth YoY (%) | ▼ | 73.07% | -3.16 | 76.24% |
| Total Deposits ($M) | ▼ | $494 | -13.76 | $508 |
| Shareholders Equity ($M) | ▲ | $57 | +0.80 | $56 |
| Tang. Book Value ($M) | ▲ | $53 | +0.88 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +2.16 | $57 |
| Loan / Deposit Ratio (%) | ▼ | 73.07% | -3.16 | 76.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.18 | 0.32% |
| Allowance / Loans (%) | — | 0.92% | 0.02% | 0.89% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.24 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.62% | +1.40 | 16.22% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 3.55% | 3.60% | 3.68% | 3.83% | 3.91% | 4.00% | 4.05% | 4.09% |
| ▁▁▄▃▅▇██ | Return on Assets (%) | 1.04% | 1.06% | 1.15% | 1.12% | 1.19% | 1.25% | 1.28% | 1.29% |
| █▇▄▆▄▂▁▂ | Efficiency Ratio (%) | 65.6% | 65.0% | 63.1% | 64.1% | 63.2% | 61.9% | 61.3% | 62.1% |
| ██▅▄▄▃▁▁ | Cost of Funds (%) | 1.36% | 1.31% | 1.12% | 1.04% | 1.05% | 0.96% | 0.82% | 0.83% |
| ▄▄▇█▆▆▂▁ | NPA / Assets (%) | 0.22% | 0.21% | 0.28% | 0.32% | 0.27% | 0.26% | 0.17% | 0.14% |
| ▄▁▄█▆▆▂▁ | Net Charge-Off Ratio (%) | 0.31% | 0.24% | 0.33% | 0.46% | 0.39% | 0.38% | 0.25% | 0.22% |
| ▁▅▃▅▄▇█▇ | Tang. Book Value ($M) | $50 | $52 | $52 | $53 | $52 | $54 | $54 | $53 |
| ██▆▅▄▃▂▁ | Gross Loans ($M) | $412 | $408 | $396 | $391 | $384 | $378 | $371 | $364 |
| ██▇█▃▃▁▄ | Total Deposits ($M) | $507 | $511 | $505 | $508 | $490 | $487 | $478 | $494 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |