Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.30 | 1.18% |
| Return on Equity (%) | ▲ | 13.09% | +2.17 | 10.92% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.26 | 3.92% |
| Efficiency Ratio (%) | ▲ | 51.80% | -4.70 | 56.50% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.70 | $2 |
| Cost of Funds (%) | ▲ | 1.16% | -0.19 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $680 | +21.65 | $658 |
| Gross Loans ($M) | ▲ | $481 | +12.29 | $468 |
| Loan Growth YoY (%) | ▼ | 79.97% | -2.31 | 82.28% |
| Total Deposits ($M) | ▲ | $592 | +31.25 | $560 |
| Shareholders Equity ($M) | ▲ | $76 | +5.47 | $71 |
| Tang. Book Value ($M) | ▲ | $73 | +7.19 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +7.91 | $73 |
| Loan / Deposit Ratio (%) | ▼ | 79.97% | -2.31 | 82.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.58% | +0.45 | 0.12% |
| Allowance / Loans (%) | — | 1.58% | 0.01% | 1.56% |
| Net Charge-Off Ratio (%) | ▼ | 0.81% | +0.64 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.73% | +0.76 | 13.96% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▇██ | Net Interest Margin (%) | 3.57% | 3.60% | 3.70% | 3.92% | 4.03% | 4.06% | 4.11% | 4.18% |
| ▁▁▁▄▆▆▇█ | Return on Assets (%) | 0.98% | 0.98% | 1.03% | 1.18% | 1.31% | 1.34% | 1.36% | 1.47% |
| ███▅▃▃▃▁ | Efficiency Ratio (%) | 59.4% | 59.9% | 59.2% | 56.5% | 54.3% | 53.9% | 54.1% | 51.8% |
| ▅██▆▂▂▂▁ | Cost of Funds (%) | 1.33% | 1.45% | 1.42% | 1.35% | 1.21% | 1.20% | 1.23% | 1.16% |
| ▁▁▁▁▁██▇ | NPA / Assets (%) | 0.17% | 0.14% | 0.17% | 0.12% | 0.19% | 0.66% | 0.70% | 0.58% |
| ▁▁▁▁▁██▇ | Net Charge-Off Ratio (%) | 0.24% | 0.20% | 0.23% | 0.17% | 0.27% | 0.93% | 0.97% | 0.81% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $62 | $67 | $65 | $66 | $69 | $74 | $73 | $73 |
| ▁▂▅▃▃▆██ | Gross Loans ($M) | $461 | $463 | $472 | $468 | $467 | $474 | $482 | $481 |
| ▆▃▁▂▂▃▆█ | Total Deposits ($M) | $577 | $561 | $551 | $560 | $556 | $561 | $578 | $592 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 3% |
| Agricultural | 1% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 9% |