Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.56% | +0.66 | 0.90% |
| Return on Equity (%) | ▲ | 17.10% | +6.91 | 10.19% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.69 | 3.19% |
| Efficiency Ratio (%) | ▲ | 56.51% | -12.98 | 69.49% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.92 | $1 |
| Cost of Funds (%) | ▲ | 1.90% | -0.30 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $490 | +22.60 | $467 |
| Gross Loans ($M) | ▲ | $377 | +40.01 | $337 |
| Loan Growth YoY (%) | ▲ | 85.38% | +6.64 | 78.74% |
| Total Deposits ($M) | ▲ | $435 | +13.19 | $422 |
| Shareholders Equity ($M) | ▲ | $44 | +3.48 | $41 |
| Tang. Book Value ($M) | ▲ | $44 | +3.48 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +3.70 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 85.38% | +6.64 | 78.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.70% | -0.48 | 1.18% |
| Allowance / Loans (%) | — | 1.41% | 0.05% | 1.36% |
| Net Charge-Off Ratio (%) | ▲ | 0.73% | -0.53 | 1.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.17% | -0.70 | 11.87% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▅▆▆█ | Net Interest Margin (%) | 2.98% | 2.98% | 3.02% | 3.19% | 3.46% | 3.58% | 3.65% | 3.88% |
| ▂▁▁▂▃▃▁█ | Return on Assets (%) | 0.90% | 0.85% | 0.78% | 0.90% | 1.00% | 1.05% | 0.82% | 1.56% |
| ▆▇██▆▆▆▁ | Efficiency Ratio (%) | 67.2% | 69.0% | 70.8% | 69.5% | 67.2% | 65.7% | 66.9% | 56.5% |
| ██▇▅▄▃▄▁ | Cost of Funds (%) | 2.44% | 2.50% | 2.38% | 2.20% | 2.20% | 2.10% | 2.13% | 1.90% |
| ▁█▆▆▄▃▁▂ | NPA / Assets (%) | 0.56% | 1.46% | 1.21% | 1.18% | 0.92% | 0.74% | 0.48% | 0.70% |
| ▂█▅▅▅▃▁▂ | Net Charge-Off Ratio (%) | 0.70% | 1.84% | 1.23% | 1.26% | 1.22% | 0.83% | 0.47% | 0.73% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $39 | $41 | $40 | $41 | $42 | $44 | $44 | $44 |
| ▃▄▁▁▁▆██ | Gross Loans ($M) | $350 | $354 | $339 | $337 | $340 | $364 | $373 | $377 |
| ▁▁▂▆▃▅▄█ | Total Deposits ($M) | $399 | $402 | $405 | $422 | $409 | $418 | $417 | $435 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 13% |
| Agricultural | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 21% |