Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.69% | +0.42 | 0.27% |
| Return on Equity (%) | ▲ | 8.90% | +4.85 | 4.05% |
| Net Interest Margin (%) | ▲ | 3.36% | +0.44 | 2.91% |
| Efficiency Ratio (%) | ▲ | 71.66% | -13.47 | 85.12% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.88 | $1 |
| Cost of Funds (%) | ▲ | 1.57% | -0.39 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $651 | +3.54 | $647 |
| Gross Loans ($M) | ▼ | $425 | -4.58 | $429 |
| Loan Growth YoY (%) | ▼ | 74.24% | -2.94 | 77.18% |
| Total Deposits ($M) | ▲ | $565 | +15.48 | $550 |
| Shareholders Equity ($M) | ▲ | $51 | +6.83 | $44 |
| Tang. Book Value ($M) | ▲ | $48 | +7.09 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +6.78 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 74.24% | -2.94 | 77.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.14% | +0.24 | 0.90% |
| Allowance / Loans (%) | — | 1.17% | 0.04% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 1.61% | +0.38 | 1.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.79% | +0.70 | 12.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▇▇█ | Net Interest Margin (%) | 2.62% | 2.64% | 2.70% | 2.91% | 3.08% | 3.18% | 3.25% | 3.36% |
| ▁▂▃▁▆███ | Return on Assets (%) | 0.25% | 0.31% | 0.41% | 0.27% | 0.55% | 0.65% | 0.71% | 0.69% |
| █▇▆█▂▁▁▁ | Efficiency Ratio (%) | 86.9% | 84.6% | 81.4% | 85.1% | 75.2% | 73.4% | 72.7% | 71.7% |
| ▇██▇▂▂▂▁ | Cost of Funds (%) | 2.00% | 2.08% | 2.02% | 1.96% | 1.67% | 1.68% | 1.63% | 1.57% |
| ▄▃▁▄██▇█ | NPA / Assets (%) | 0.92% | 0.88% | 0.74% | 0.90% | 1.17% | 1.12% | 1.11% | 1.14% |
| ▃▃▁▃█▇▇█ | Net Charge-Off Ratio (%) | 1.23% | 1.17% | 0.98% | 1.22% | 1.65% | 1.55% | 1.56% | 1.61% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $36 | $41 | $38 | $41 | $43 | $45 | $47 | $48 |
| █▆▃▂▃▂▃▁ | Gross Loans ($M) | $444 | $439 | $430 | $429 | $430 | $429 | $430 | $425 |
| ▁▁▁▃▅▄█▇ | Total Deposits ($M) | $541 | $541 | $543 | $550 | $557 | $555 | $572 | $565 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Agricultural | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 11% |