Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.64% | -0.02 | 0.65% |
| Return on Equity (%) | ▼ | 5.58% | -0.34 | 5.92% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.23 | 3.00% |
| Efficiency Ratio (%) | ▲ | 75.24% | -0.32 | 75.56% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.22 | $2 |
| Cost of Funds (%) | ▲ | 1.26% | -0.13 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $858 | +44.95 | $813 |
| Gross Loans ($M) | ▲ | $532 | +21.48 | $511 |
| Loan Growth YoY (%) | ▼ | 69.65% | -0.88 | 70.53% |
| Total Deposits ($M) | ▲ | $757 | +39.41 | $717 |
| Shareholders Equity ($M) | ▲ | $97 | +7.40 | $90 |
| Tang. Book Value ($M) | ▲ | $97 | +7.35 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +7.77 | $99 |
| Loan / Deposit Ratio (%) | ▼ | 69.65% | -0.88 | 70.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.06 | 0.50% |
| Allowance / Loans (%) | — | 0.96% | 0.02% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.89% | +0.10 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▁▄▅▆█ | Net Interest Margin (%) | 3.05% | 3.05% | 3.05% | 3.00% | 3.09% | 3.13% | 3.15% | 3.23% |
| ▅▁▁█▅▇▅▆ | Return on Assets (%) | 0.62% | 0.59% | 0.59% | 0.65% | 0.62% | 0.64% | 0.63% | 0.64% |
| ▃▆█▂▆▄▃▁ | Efficiency Ratio (%) | 75.8% | 76.5% | 77.0% | 75.6% | 76.5% | 75.9% | 75.7% | 75.2% |
| ▃▇█▆▅▆▄▁ | Cost of Funds (%) | 1.32% | 1.42% | 1.46% | 1.39% | 1.39% | 1.41% | 1.34% | 1.26% |
| ▂▁▇▆▇▅██ | NPA / Assets (%) | 0.40% | 0.37% | 0.54% | 0.50% | 0.54% | 0.48% | 0.57% | 0.55% |
| ▂▁▇▆█▅██ | Net Charge-Off Ratio (%) | 0.63% | 0.57% | 0.84% | 0.79% | 0.87% | 0.78% | 0.91% | 0.89% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $83 | $89 | $86 | $90 | $92 | $94 | $97 | $97 |
| ▁▃▄▅▆▅██ | Gross Loans ($M) | $488 | $501 | $508 | $511 | $516 | $513 | $528 | $532 |
| ▁▁▃▅▆▇▇█ | Total Deposits ($M) | $670 | $669 | $694 | $717 | $734 | $736 | $744 | $757 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 13% |