Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.77% | +0.18 | 0.58% |
| Return on Equity (%) | ▲ | 8.64% | +1.32 | 7.32% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.31 | 2.81% |
| Efficiency Ratio (%) | ▲ | 66.91% | -3.32 | 70.23% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.84 | $3 |
| Cost of Funds (%) | ▲ | 2.59% | -0.23 | 2.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,514 | -4.52 | $1,518 |
| Gross Loans ($M) | ▼ | $1,191 | -1.82 | $1,193 |
| Loan Growth YoY (%) | ▼ | 105.63% | -0.35 | 105.98% |
| Total Deposits ($M) | ▲ | $1,112 | +1.30 | $1,110 |
| Shareholders Equity ($M) | ▲ | $134 | +12.76 | $121 |
| Tang. Book Value ($M) | ▲ | $132 | +12.82 | $119 |
| TBV excl. AOCI ($M)** | ▲ | $145 | +12.39 | $132 |
| Loan / Deposit Ratio (%) | ▼ | 105.63% | -0.35 | 105.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.17% | +0.70 | 0.46% |
| Allowance / Loans (%) | — | 1.41% | 0.06% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 1.48% | +0.89 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.37% | +0.58 | 12.79% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.72% | 2.69% | 2.70% | 2.81% | 2.89% | 2.95% | 3.00% | 3.13% |
| ▃▃▄▁▃▆█▆ | Return on Assets (%) | 0.66% | 0.67% | 0.70% | 0.58% | 0.67% | 0.77% | 0.83% | 0.77% |
| ███▇▄▂▁▃ | Efficiency Ratio (%) | 71.2% | 71.5% | 70.8% | 70.2% | 67.3% | 65.7% | 64.5% | 66.9% |
| ▆██▆▆▅▄▁ | Cost of Funds (%) | 2.85% | 2.94% | 2.91% | 2.82% | 2.84% | 2.79% | 2.75% | 2.59% |
| ▁▁▁▁▁▃██ | NPA / Assets (%) | 0.52% | 0.45% | 0.45% | 0.46% | 0.54% | 0.71% | 1.15% | 1.17% |
| ▁▁▁▁▁▃██ | Net Charge-Off Ratio (%) | 0.66% | 0.58% | 0.58% | 0.59% | 0.68% | 0.90% | 1.46% | 1.48% |
| ▁▄▂▂▃▆██ | Tang. Book Value ($M) | $115 | $124 | $118 | $119 | $121 | $128 | $134 | $132 |
| ▁▁▄█▆██▇ | Gross Loans ($M) | $1,158 | $1,158 | $1,176 | $1,193 | $1,185 | $1,197 | $1,193 | $1,191 |
| ▄▁▂▄▁█▇▅ | Total Deposits ($M) | $1,110 | $1,098 | $1,102 | $1,110 | $1,100 | $1,123 | $1,120 | $1,112 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 28% |