Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.27% | -0.02 | 2.29% |
| Return on Equity (%) | ▼ | 17.49% | -3.22 | 20.71% |
| Net Interest Margin (%) | ▼ | 5.49% | -0.14 | 5.63% |
| Efficiency Ratio (%) | ▼ | 45.17% | +3.88 | 41.30% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.13 | $3 |
| Cost of Funds (%) | ▲ | 1.03% | -0.08 | 1.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $353 | +9.08 | $344 |
| Gross Loans ($M) | ▲ | $198 | +13.60 | $184 |
| Loan Growth YoY (%) | ▲ | 65.19% | +3.52 | 61.67% |
| Total Deposits ($M) | ▲ | $299 | +4.52 | $295 |
| Shareholders Equity ($M) | ▲ | $47 | +7.60 | $39 |
| Tang. Book Value ($M) | ▲ | $45 | +7.75 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +7.03 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 65.19% | +3.52 | 61.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.55% | -0.61 | 1.16% |
| Allowance / Loans (%) | — | 1.36% | 0.05% | 1.31% |
| Net Charge-Off Ratio (%) | ▲ | 0.98% | -0.98 | 1.97% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 23.91% | +4.01 | 19.90% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▅▄█▄█▃▁ | Net Interest Margin (%) | 5.59% | 5.58% | 5.55% | 5.63% | 5.56% | 5.62% | 5.53% | 5.49% |
| ▇█▁▆██▅▅ | Return on Assets (%) | 2.34% | 2.37% | 2.13% | 2.29% | 2.35% | 2.35% | 2.26% | 2.27% |
| ▁▂▆▃▂▂▄█ | Efficiency Ratio (%) | 39.8% | 41.0% | 43.3% | 41.3% | 40.8% | 40.6% | 42.3% | 45.2% |
| ▆█▅▃▄▄▃▁ | Cost of Funds (%) | 1.20% | 1.27% | 1.16% | 1.11% | 1.12% | 1.12% | 1.09% | 1.03% |
| ▇█▆▅▂▃▂▁ | NPA / Assets (%) | 1.49% | 1.75% | 1.38% | 1.16% | 0.77% | 0.85% | 0.84% | 0.55% |
| ██▅▄▂▂▂▁ | Net Charge-Off Ratio (%) | 2.83% | 3.02% | 2.13% | 1.97% | 1.37% | 1.38% | 1.47% | 0.98% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $32 | $36 | $35 | $37 | $40 | $42 | $43 | $45 |
| ▁▁▃▅▇█▇█ | Gross Loans ($M) | $171 | $169 | $179 | $184 | $191 | $197 | $193 | $198 |
| ▁▁▇▆▄▃█▇ | Total Deposits ($M) | $280 | $277 | $298 | $295 | $289 | $286 | $304 | $299 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 10% |
| Agricultural | 2% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 13% |