Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.15 | 0.66% |
| Return on Equity (%) | ▲ | 7.50% | +0.31 | 7.19% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.38 | 3.17% |
| Efficiency Ratio (%) | ▲ | 71.57% | -2.23 | 73.80% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.13 | $1 |
| Cost of Funds (%) | ▲ | 1.32% | -0.22 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $318 | -5.15 | $323 |
| Gross Loans ($M) | ▲ | $210 | +2.23 | $208 |
| Loan Growth YoY (%) | ▲ | 73.08% | +2.70 | 70.38% |
| Total Deposits ($M) | ▼ | $281 | -7.58 | $288 |
| Shareholders Equity ($M) | ▲ | $34 | +3.11 | $31 |
| Tang. Book Value ($M) | ▲ | $32 | +3.11 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +2.60 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 73.08% | +2.70 | 70.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.01% | +0.03 | 1.98% |
| Allowance / Loans (%) | — | 2.25% | -0.04% | 2.29% |
| Net Charge-Off Ratio (%) | ▲ | 2.61% | -0.37 | 2.97% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.32% | +0.80 | 18.52% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▆█ | Net Interest Margin (%) | 2.98% | 2.99% | 3.00% | 3.17% | 3.27% | 3.37% | 3.40% | 3.55% |
| ▂▁▁▂▄▅▂█ | Return on Assets (%) | 0.66% | 0.63% | 0.63% | 0.66% | 0.71% | 0.72% | 0.67% | 0.80% |
| ▆█▆▇▂▁▁▃ | Efficiency Ratio (%) | 73.1% | 74.3% | 73.1% | 73.8% | 71.1% | 70.4% | 70.6% | 71.6% |
| ██▇▄▃▃▂▁ | Cost of Funds (%) | 1.76% | 1.79% | 1.73% | 1.54% | 1.47% | 1.47% | 1.42% | 1.32% |
| ▁▂▁▁█▇▁▁ | NPA / Assets (%) | 1.97% | 2.07% | 2.04% | 1.98% | 2.92% | 2.73% | 1.94% | 2.01% |
| ▄▄▄▃█▇▁▁ | Net Charge-Off Ratio (%) | 3.10% | 3.18% | 3.17% | 2.97% | 4.04% | 3.68% | 2.47% | 2.61% |
| ▁▄▁▄▅███ | Tang. Book Value ($M) | $26 | $28 | $27 | $29 | $30 | $32 | $32 | $32 |
| ▁▅▄▃▄██▇ | Gross Loans ($M) | $206 | $209 | $208 | $208 | $208 | $211 | $211 | $210 |
| █▅█▆▃▁▁▃ | Total Deposits ($M) | $294 | $287 | $292 | $288 | $281 | $277 | $276 | $281 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 14% |
| Agricultural | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 11% |