Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.93% | +0.11 | 1.82% |
| Return on Equity (%) | ▲ | 12.38% | +0.72 | 11.66% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.25 | 4.03% |
| Efficiency Ratio (%) | ▲ | 36.50% | -2.07 | 38.57% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.42 | $7 |
| Cost of Funds (%) | ▲ | 2.11% | -0.33 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,204 | +102.17 | $1,102 |
| Gross Loans ($M) | ▲ | $729 | +5.65 | $723 |
| Loan Growth YoY (%) | ▼ | 95.57% | -1.34 | 96.91% |
| Total Deposits ($M) | ▲ | $750 | +17.03 | $733 |
| Shareholders Equity ($M) | ▲ | $190 | +15.00 | $175 |
| Tang. Book Value ($M) | ▲ | $176 | +15.31 | $161 |
| TBV excl. AOCI ($M)** | ▲ | $197 | +20.11 | $177 |
| Loan / Deposit Ratio (%) | ▼ | 95.57% | -1.34 | 96.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -1.28 | 1.70% |
| Allowance / Loans (%) | — | 1.60% | -0.13% | 1.73% |
| Net Charge-Off Ratio (%) | ▲ | 0.69% | -1.90 | 2.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.26% | +1.26 | 18.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▇▇▁▁▃▆█ | Net Interest Margin (%) | 4.18% | 4.22% | 4.24% | 4.03% | 4.05% | 4.11% | 4.21% | 4.28% |
| ▅▇█▁▁▂█▄ | Return on Assets (%) | 1.97% | 2.03% | 2.07% | 1.82% | 1.82% | 1.87% | 2.05% | 1.93% |
| █▆▅▆▄▃▁▂ | Efficiency Ratio (%) | 39.6% | 38.2% | 37.9% | 38.6% | 37.7% | 36.8% | 35.8% | 36.5% |
| ▆█▇▄▂▄▃▁ | Cost of Funds (%) | 2.71% | 2.93% | 2.79% | 2.44% | 2.31% | 2.46% | 2.36% | 2.11% |
| ▂▁▇██▇▄▂ | NPA / Assets (%) | 0.40% | 0.12% | 1.46% | 1.70% | 1.52% | 1.38% | 0.87% | 0.42% |
| ▂▁▇██▇▅▂ | Net Charge-Off Ratio (%) | 0.63% | 0.20% | 2.25% | 2.59% | 2.44% | 2.28% | 1.42% | 0.69% |
| ▁▂▄▄▆▅▇█ | Tang. Book Value ($M) | $146 | $152 | $159 | $161 | $166 | $165 | $171 | $176 |
| ▁▄▇▅▄▅█▆ | Gross Loans ($M) | $703 | $717 | $731 | $723 | $718 | $721 | $739 | $729 |
| ▁▅▅▇▆█▇█ | Total Deposits ($M) | $673 | $719 | $715 | $733 | $722 | $749 | $739 | $750 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 8% |
| Agricultural | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 18% |