Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.05 | 1.28% |
| Return on Equity (%) | ▼ | 9.39% | -0.62 | 10.01% |
| Net Interest Margin (%) | ▲ | 4.54% | +0.41 | 4.13% |
| Efficiency Ratio (%) | ▼ | 62.00% | +1.94 | 60.06% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.05 | $2 |
| Cost of Funds (%) | ▲ | 1.22% | -0.13 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $456 | +3.28 | $453 |
| Gross Loans ($M) | ▲ | $356 | +15.05 | $341 |
| Loan Growth YoY (%) | ▲ | 92.27% | +4.03 | 88.24% |
| Total Deposits ($M) | ▼ | $381 | -0.52 | $381 |
| Shareholders Equity ($M) | ▲ | $64 | +5.52 | $58 |
| Tang. Book Value ($M) | ▲ | $63 | +5.52 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +5.36 | $60 |
| Loan / Deposit Ratio (%) | ▲ | 92.27% | +4.03 | 88.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.03 | 0.39% |
| Allowance / Loans (%) | — | 1.24% | -0.01% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.42% | -0.09 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 23.11% | +1.42 | 21.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▁▃▄▆█ | Net Interest Margin (%) | 4.16% | 4.22% | 4.25% | 4.13% | 4.27% | 4.32% | 4.43% | 4.54% |
| ▄▅█▁▃▅█▃ | Return on Assets (%) | 1.35% | 1.37% | 1.44% | 1.28% | 1.34% | 1.38% | 1.45% | 1.32% |
| ▃▃▁▅▄▃▁█ | Efficiency Ratio (%) | 58.9% | 58.7% | 57.5% | 60.1% | 59.5% | 59.0% | 57.9% | 62.0% |
| ▅██▇██▆▁ | Cost of Funds (%) | 1.31% | 1.38% | 1.39% | 1.35% | 1.38% | 1.39% | 1.34% | 1.22% |
| ▃▂▁▇██▆▆ | NPA / Assets (%) | 0.30% | 0.29% | 0.25% | 0.39% | 0.41% | 0.42% | 0.37% | 0.36% |
| ▃▂▁█▇█▅▅ | Net Charge-Off Ratio (%) | 0.38% | 0.36% | 0.33% | 0.52% | 0.49% | 0.50% | 0.42% | 0.42% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $53 | $56 | $56 | $57 | $59 | $61 | $62 | $63 |
| ▁▃▄▄▅▇▇█ | Gross Loans ($M) | $329 | $337 | $340 | $341 | $344 | $351 | $352 | $356 |
| ▁▁▇█▅▆▅█ | Total Deposits ($M) | $359 | $356 | $378 | $381 | $372 | $374 | $370 | $381 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 4% |
| Agricultural | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 11% |