Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.15% | +1.79 | -1.65% |
| Return on Equity (%) | ▲ | 1.73% | +22.33 | -20.60% |
| Net Interest Margin (%) | ▲ | 3.06% | +0.24 | 2.81% |
| Efficiency Ratio (%) | ▲ | 95.55% | -18.38 | 113.93% |
| Pre-Provision Profit ($M) | ▲ | $1 | +3.16 | $-2 |
| Cost of Funds (%) | ▲ | 1.96% | -0.36 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,115 | -42.65 | $2,158 |
| Gross Loans ($M) | ▼ | $1,631 | -27.16 | $1,658 |
| Loan Growth YoY (%) | ▲ | 100.22% | +2.37 | 97.86% |
| Total Deposits ($M) | ▼ | $1,611 | -62.87 | $1,674 |
| Shareholders Equity ($M) | ▲ | $179 | +8.26 | $171 |
| Tang. Book Value ($M) | ▲ | $175 | +8.58 | $167 |
| TBV excl. AOCI ($M)** | ▲ | $189 | +6.46 | $182 |
| Loan / Deposit Ratio (%) | ▲ | 100.22% | +2.37 | 97.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.09% | +0.15 | 0.95% |
| Allowance / Loans (%) | — | 1.03% | -0.21% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 1.33% | +0.10 | 1.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.43% | +0.33 | 12.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▂▄▆█ | Net Interest Margin (%) | 2.85% | 2.83% | 2.83% | 2.81% | 2.86% | 2.93% | 2.98% | 3.06% |
| ▇▇▇▁▆▇▇█ | Return on Assets (%) | -0.09% | -0.14% | -0.14% | -1.65% | -0.42% | -0.18% | -0.10% | 0.15% |
| ▁▂▂█▅▅▄▅ | Efficiency Ratio (%) | 72.7% | 79.2% | 79.1% | 113.9% | 93.4% | 95.1% | 93.1% | 95.5% |
| ███▆▅▅▂▁ | Cost of Funds (%) | 2.51% | 2.45% | 2.45% | 2.31% | 2.28% | 2.25% | 2.08% | 1.96% |
| █▇█▃▄▁▅▅ | NPA / Assets (%) | 1.46% | 1.36% | 1.37% | 0.95% | 1.00% | 0.71% | 1.15% | 1.09% |
| █▇█▃▃▁▅▄ | Net Charge-Off Ratio (%) | 1.90% | 1.75% | 1.80% | 1.23% | 1.23% | 0.83% | 1.39% | 1.33% |
| ▅█▆▁▂▆▇▆ | Tang. Book Value ($M) | $174 | $178 | $174 | $167 | $168 | $174 | $176 | $175 |
| ▆█▅▃▃▁▁▁ | Gross Loans ($M) | $1,694 | $1,733 | $1,692 | $1,658 | $1,664 | $1,626 | $1,630 | $1,631 |
| ██▇▅▄▅▁▁ | Total Deposits ($M) | $1,713 | $1,719 | $1,693 | $1,674 | $1,659 | $1,668 | $1,604 | $1,611 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 4% |
| Agricultural | 2% |
| Consumer | 18% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 15% |