Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.37% | -0.03 | 2.40% |
| Return on Equity (%) | ▼ | 24.00% | -1.91 | 25.91% |
| Net Interest Margin (%) | ▼ | 4.40% | -0.05 | 4.45% |
| Efficiency Ratio (%) | ▼ | 42.71% | +1.43 | 41.28% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.18 | $5 |
| Cost of Funds (%) | ▲ | 1.67% | -0.23 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $825 | +43.07 | $782 |
| Gross Loans ($M) | ▲ | $543 | +3.63 | $539 |
| Loan Growth YoY (%) | ▼ | 71.70% | -3.40 | 75.10% |
| Total Deposits ($M) | ▲ | $740 | +36.70 | $703 |
| Shareholders Equity ($M) | ▲ | $81 | +7.82 | $73 |
| Tang. Book Value ($M) | ▲ | $81 | +7.83 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +9.14 | $84 |
| Loan / Deposit Ratio (%) | ▼ | 71.70% | -3.40 | 75.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.83% | +0.35 | 0.48% |
| Allowance / Loans (%) | — | 2.28% | 0.21% | 2.06% |
| Net Charge-Off Ratio (%) | ▼ | 1.27% | +0.57 | 0.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.68% | +0.07 | 13.61% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▂▄▅▅▁ | Net Interest Margin (%) | 4.78% | 4.70% | 4.65% | 4.45% | 4.55% | 4.62% | 4.60% | 4.40% |
| ▁▃▂▄▇█▆▂ | Return on Assets (%) | 2.36% | 2.39% | 2.37% | 2.40% | 2.43% | 2.44% | 2.42% | 2.37% |
| ▁▂▃▆▆▆▇█ | Efficiency Ratio (%) | 38.8% | 39.6% | 40.0% | 41.3% | 41.6% | 41.7% | 42.2% | 42.7% |
| ▃▇█▇▆▅▂▁ | Cost of Funds (%) | 1.74% | 1.90% | 1.94% | 1.90% | 1.86% | 1.82% | 1.72% | 1.67% |
| ▁▁▄▃▃▂▄█ | NPA / Assets (%) | 0.30% | 0.27% | 0.51% | 0.48% | 0.45% | 0.41% | 0.50% | 0.83% |
| ▁▁▄▃▃▂▄█ | Net Charge-Off Ratio (%) | 0.43% | 0.40% | 0.73% | 0.70% | 0.66% | 0.61% | 0.76% | 1.27% |
| ▁▃▂▄▄▇██ | Tang. Book Value ($M) | $67 | $72 | $70 | $73 | $74 | $79 | $82 | $81 |
| ▁▂▇▇█▇██ | Gross Loans ($M) | $507 | $515 | $538 | $539 | $544 | $536 | $543 | $543 |
| ▁▄▅▆▇▆██ | Total Deposits ($M) | $628 | $678 | $687 | $703 | $714 | $711 | $740 | $740 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 49% |
| C&I / Commercial | 25% |
| Agricultural | 24% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 17% |