Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.18 | 1.51% |
| Return on Equity (%) | ▲ | 16.22% | +1.76 | 14.46% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.26 | 4.09% |
| Efficiency Ratio (%) | ▲ | 60.44% | -0.82 | 61.27% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.39 | $3 |
| Cost of Funds (%) | ▲ | 2.08% | -0.18 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $741 | +3.22 | $738 |
| Gross Loans ($M) | ▼ | $614 | -11.64 | $625 |
| Loan Growth YoY (%) | ▼ | 92.36% | -3.50 | 95.86% |
| Total Deposits ($M) | ▲ | $656 | +11.49 | $644 |
| Shareholders Equity ($M) | ▲ | $78 | +1.15 | $76 |
| Tang. Book Value ($M) | ▲ | $77 | +1.15 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +1.39 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 92.36% | -3.50 | 95.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.62% | -0.13 | 0.76% |
| Allowance / Loans (%) | — | 1.29% | 0.07% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.68% | -0.12 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅███ | Net Interest Margin (%) | 3.94% | 3.97% | 4.02% | 4.09% | 4.19% | 4.32% | 4.36% | 4.35% |
| ▆▆▆▁▄██▇ | Return on Assets (%) | 1.68% | 1.67% | 1.66% | 1.51% | 1.60% | 1.74% | 1.75% | 1.69% |
| ▁▂▄██▄▅▆ | Efficiency Ratio (%) | 58.3% | 58.8% | 59.7% | 61.3% | 61.0% | 59.6% | 59.9% | 60.4% |
| ██▇▄▄▄▂▁ | Cost of Funds (%) | 2.51% | 2.46% | 2.42% | 2.26% | 2.28% | 2.28% | 2.18% | 2.08% |
| ▄█▆▄▄▅▁▃ | NPA / Assets (%) | 0.80% | 1.20% | 0.94% | 0.76% | 0.73% | 0.88% | 0.41% | 0.62% |
| ▅█▅▄▄▅▁▃ | Net Charge-Off Ratio (%) | 0.94% | 1.36% | 0.90% | 0.80% | 0.80% | 0.99% | 0.44% | 0.68% |
| ▁▄▃▅▆▇▇█ | Tang. Book Value ($M) | $74 | $76 | $75 | $76 | $76 | $77 | $77 | $77 |
| ▁▃▆█▆▆▂▄ | Gross Loans ($M) | $603 | $611 | $619 | $625 | $617 | $617 | $606 | $614 |
| ▁▁▃▆▇▇██ | Total Deposits ($M) | $618 | $616 | $626 | $644 | $646 | $650 | $656 | $656 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 20% |
| Agricultural | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |