Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.55% | -0.01 | 1.57% |
| Return on Equity (%) | ▼ | 18.54% | -0.70 | 19.24% |
| Net Interest Margin (%) | ▼ | 3.59% | -0.14 | 3.73% |
| Efficiency Ratio (%) | ▼ | 60.63% | +3.93 | 56.69% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.16 | $2 |
| Cost of Funds (%) | ▲ | 1.72% | -0.10 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $486 | +27.49 | $458 |
| Gross Loans ($M) | ▲ | $200 | +9.59 | $190 |
| Loan Growth YoY (%) | ▼ | 44.82% | -0.42 | 45.23% |
| Total Deposits ($M) | ▲ | $442 | +25.51 | $417 |
| Shareholders Equity ($M) | ▲ | $40 | +2.19 | $38 |
| Tang. Book Value ($M) | ▲ | $39 | +2.33 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +0.78 | $45 |
| Loan / Deposit Ratio (%) | ▼ | 44.82% | -0.42 | 45.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.00 | 0.11% |
| Allowance / Loans (%) | — | 0.90% | -0.11% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.01 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.40% | -1.20 | 15.60% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▃▄▅▆▁ | Net Interest Margin (%) | 3.88% | 3.95% | 3.97% | 3.73% | 3.77% | 3.83% | 3.83% | 3.59% |
| ▇██▁▂▃▃▁ | Return on Assets (%) | 1.83% | 1.89% | 1.87% | 1.57% | 1.63% | 1.64% | 1.66% | 1.55% |
| ▁▁▁▅▄▃▄█ | Efficiency Ratio (%) | 51.6% | 51.3% | 51.7% | 56.7% | 55.3% | 54.7% | 55.1% | 60.6% |
| ▁▆▄▆▇█▆▁ | Cost of Funds (%) | 1.73% | 1.83% | 1.79% | 1.82% | 1.85% | 1.87% | 1.81% | 1.72% |
| █▄▄▂▁▁▁▂ | NPA / Assets (%) | 0.31% | 0.18% | 0.17% | 0.11% | 0.08% | 0.06% | 0.06% | 0.11% |
| ▆██▄▂▁▁▄ | Net Charge-Off Ratio (%) | 0.32% | 0.41% | 0.39% | 0.28% | 0.19% | 0.15% | 0.16% | 0.27% |
| ▁▄▂▄▄▇█▇ | Tang. Book Value ($M) | $34 | $37 | $35 | $37 | $37 | $39 | $40 | $39 |
| ▁▂▃▂▃█▆▇ | Gross Loans ($M) | $188 | $191 | $192 | $190 | $192 | $203 | $198 | $200 |
| ▁▁▃▄▅▇▇█ | Total Deposits ($M) | $397 | $400 | $412 | $417 | $420 | $432 | $432 | $442 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 3% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 10% |