Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.65% | -0.16 | 1.81% |
| Return on Equity (%) | ▼ | 15.20% | -2.38 | 17.58% |
| Net Interest Margin (%) | ▲ | 4.53% | +0.06 | 4.46% |
| Efficiency Ratio (%) | ▼ | 58.40% | +3.65 | 54.75% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.06 | $2 |
| Cost of Funds (%) | ▲ | 2.10% | -0.19 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $369 | +17.76 | $351 |
| Gross Loans ($M) | ▲ | $297 | +18.46 | $279 |
| Loan Growth YoY (%) | ▲ | 89.61% | +1.50 | 88.11% |
| Total Deposits ($M) | ▲ | $328 | +15.00 | $313 |
| Shareholders Equity ($M) | ▲ | $40 | +2.83 | $37 |
| Tang. Book Value ($M) | ▲ | $37 | +3.02 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +3.33 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 89.61% | +1.50 | 88.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.66% | -1.36 | 2.02% |
| Allowance / Loans (%) | — | 1.32% | 0.03% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -1.42 | 2.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.20% | +0.07 | 12.13% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▃▁▂▃█▂ | Net Interest Margin (%) | 4.67% | 4.66% | 4.55% | 4.46% | 4.50% | 4.55% | 4.74% | 4.53% |
| ▄▆▅▃▅▅█▁ | Return on Assets (%) | 1.87% | 1.95% | 1.89% | 1.81% | 1.89% | 1.91% | 2.11% | 1.65% |
| ▃▁▁▄▂▃▁█ | Efficiency Ratio (%) | 53.6% | 52.2% | 52.3% | 54.8% | 52.5% | 53.5% | 51.4% | 58.4% |
| ▁█▇▆▄▄▃▁ | Cost of Funds (%) | 2.07% | 2.40% | 2.36% | 2.29% | 2.20% | 2.21% | 2.15% | 2.10% |
| ▃▂▇█▆▆▁▁ | NPA / Assets (%) | 0.98% | 0.86% | 1.78% | 2.02% | 1.66% | 1.62% | 0.60% | 0.66% |
| ▃▂▇█▆▆▁▁ | Net Charge-Off Ratio (%) | 1.04% | 0.81% | 1.68% | 2.02% | 1.58% | 1.53% | 0.54% | 0.60% |
| ▁▄▁▃▄▆██ | Tang. Book Value ($M) | $32 | $34 | $32 | $34 | $34 | $35 | $37 | $37 |
| ▅█▁▁▁▃▆█ | Gross Loans ($M) | $288 | $295 | $279 | $279 | $280 | $285 | $292 | $297 |
| ▁▆▇▆▆▇██ | Total Deposits ($M) | $287 | $313 | $320 | $313 | $316 | $320 | $327 | $328 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 9% |
| Agricultural | 30% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 15% |