Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.34 | 0.73% |
| Return on Equity (%) | ▲ | 13.21% | +2.63 | 10.58% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.38 | 3.48% |
| Efficiency Ratio (%) | ▲ | 65.05% | -1.15 | 66.20% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.25 | $2 |
| Cost of Funds (%) | ▲ | 1.82% | -0.19 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $596 | +16.37 | $580 |
| Gross Loans ($M) | ▲ | $429 | +7.75 | $421 |
| Loan Growth YoY (%) | ▼ | 83.01% | -2.54 | 85.55% |
| Total Deposits ($M) | ▲ | $510 | +24.86 | $486 |
| Shareholders Equity ($M) | ▲ | $49 | +9.60 | $40 |
| Tang. Book Value ($M) | ▲ | $42 | +9.88 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +9.60 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 83.01% | -2.54 | 85.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.21 | 0.41% |
| Allowance / Loans (%) | — | 1.23% | -0.15% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -0.29 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.28% | +1.23 | 11.05% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 3.18% | 3.21% | 3.27% | 3.48% | 3.67% | 3.74% | 3.75% | 3.86% |
| ▁▂▂▁▆███ | Return on Assets (%) | 0.76% | 0.80% | 0.80% | 0.73% | 0.97% | 1.04% | 1.05% | 1.07% |
| █▇▆▅▁▁▁▄ | Efficiency Ratio (%) | 69.9% | 68.7% | 66.5% | 66.2% | 60.9% | 60.8% | 61.2% | 65.0% |
| █▇█▄▄▅▃▁ | Cost of Funds (%) | 2.21% | 2.15% | 2.20% | 2.01% | 2.01% | 2.04% | 1.95% | 1.82% |
| ██▄▂▂▂▁▁ | NPA / Assets (%) | 1.06% | 1.03% | 0.56% | 0.41% | 0.38% | 0.42% | 0.27% | 0.20% |
| ██▄▂▂▂▁▁ | Net Charge-Off Ratio (%) | 1.47% | 1.47% | 0.78% | 0.57% | 0.51% | 0.57% | 0.39% | 0.28% |
| ▁▃▂▂▂▅▇█ | Tang. Book Value ($M) | $30 | $35 | $32 | $32 | $33 | $37 | $40 | $42 |
| ▁▁▄▅██▅▇ | Gross Loans ($M) | $403 | $406 | $416 | $421 | $436 | $433 | $420 | $429 |
| ▁▁▂▄▃▄▇█ | Total Deposits ($M) | $470 | $467 | $475 | $486 | $478 | $485 | $501 | $510 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 5% |
| Agricultural | 13% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |