Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.35 | 0.62% |
| Return on Equity (%) | ▲ | 9.22% | +3.19 | 6.03% |
| Net Interest Margin (%) | ▼ | 4.08% | -0.05 | 4.13% |
| Efficiency Ratio (%) | ▼ | 65.57% | +1.67 | 63.90% |
| Pre-Provision Profit ($M) | — | $2 | 0.00 | $2 |
| Cost of Funds (%) | ▲ | 2.45% | -0.32 | 2.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $615 | +2.18 | $613 |
| Gross Loans ($M) | ▼ | $454 | -27.96 | $482 |
| Loan Growth YoY (%) | ▼ | 81.53% | -5.25 | 86.78% |
| Total Deposits ($M) | ▲ | $551 | +1.85 | $549 |
| Shareholders Equity ($M) | ▲ | $63 | +1.22 | $62 |
| Tang. Book Value ($M) | ▲ | $63 | +1.30 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +3.81 | $65 |
| Loan / Deposit Ratio (%) | ▼ | 81.53% | -5.25 | 86.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.88% | +0.90 | 2.98% |
| Allowance / Loans (%) | — | 1.19% | -0.07% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 4.99% | +1.33 | 3.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.32% | +0.60 | 12.72% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▃▄▄█ | Net Interest Margin (%) | 3.65% | 3.63% | 3.68% | 4.13% | 3.78% | 3.84% | 3.87% | 4.08% |
| ▄▃▄▁▁▄▅█ | Return on Assets (%) | 0.75% | 0.72% | 0.75% | 0.62% | 0.59% | 0.74% | 0.79% | 0.97% |
| ▁▅▅▃██▇▆ | Efficiency Ratio (%) | 62.4% | 65.2% | 65.0% | 63.9% | 67.3% | 66.9% | 66.5% | 65.6% |
| ██▅▄▄▂▂▁ | Cost of Funds (%) | 3.14% | 3.10% | 2.84% | 2.76% | 2.75% | 2.59% | 2.55% | 2.45% |
| ▁▂▃▃▆██▆ | NPA / Assets (%) | 2.46% | 2.94% | 3.16% | 2.98% | 3.76% | 4.42% | 4.30% | 3.88% |
| ▁▂▃▃▅██▇ | Net Charge-Off Ratio (%) | 2.83% | 3.43% | 3.60% | 3.66% | 4.52% | 5.56% | 5.33% | 4.99% |
| ▁▃▃▃▄▇█▇ | Tang. Book Value ($M) | $61 | $62 | $61 | $62 | $62 | $63 | $64 | $63 |
| █▅█▆▄▁▃▁ | Gross Loans ($M) | $491 | $477 | $492 | $482 | $472 | $455 | $467 | $454 |
| █▁▂█▅▃▁█ | Total Deposits ($M) | $548 | $530 | $531 | $549 | $541 | $534 | $528 | $551 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 3% |
| Agricultural | 12% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 4% |