Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.45 | 0.76% |
| Return on Equity (%) | ▲ | 9.48% | +2.68 | 6.80% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.68 | 3.47% |
| Efficiency Ratio (%) | ▲ | 58.08% | -9.85 | 67.93% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.43 | $3 |
| Cost of Funds (%) | ▲ | 1.48% | -0.43 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,043 | -49.78 | $1,093 |
| Gross Loans ($M) | ▼ | $701 | -81.16 | $782 |
| Loan Growth YoY (%) | ▼ | 81.69% | -1.62 | 83.30% |
| Total Deposits ($M) | ▼ | $842 | -80.65 | $922 |
| Shareholders Equity ($M) | ▲ | $135 | +7.44 | $128 |
| Tang. Book Value ($M) | ▲ | $126 | +8.22 | $118 |
| TBV excl. AOCI ($M)** | ▲ | $138 | +9.35 | $128 |
| Loan / Deposit Ratio (%) | ▼ | 81.69% | -1.62 | 83.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.04% | -0.64 | 1.68% |
| Allowance / Loans (%) | — | 1.87% | 0.15% | 1.72% |
| Net Charge-Off Ratio (%) | ▲ | 1.55% | -0.72 | 2.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.85% | +2.17 | 14.68% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▂▃█ | Net Interest Margin (%) | 3.50% | 3.49% | 3.43% | 3.47% | 3.58% | 3.60% | 3.62% | 4.16% |
| ▄▁▂▇▇▇▇█ | Return on Assets (%) | 0.15% | -0.88% | -0.52% | 0.76% | 0.82% | 0.80% | 0.86% | 1.22% |
| ▅▅▆█▇█▆▁ | Efficiency Ratio (%) | 63.2% | 63.1% | 64.4% | 67.9% | 66.4% | 67.6% | 64.8% | 58.1% |
| ██▇▅▃▃▂▁ | Cost of Funds (%) | 2.29% | 2.26% | 2.19% | 1.91% | 1.78% | 1.71% | 1.60% | 1.48% |
| ▁██▆▅▄▂▁ | NPA / Assets (%) | 0.94% | 2.08% | 2.04% | 1.68% | 1.53% | 1.40% | 1.21% | 1.04% |
| ▁██▆▅▅▄▂ | Net Charge-Off Ratio (%) | 1.16% | 2.64% | 2.76% | 2.27% | 2.15% | 1.98% | 1.77% | 1.55% |
| ▂▁▂▄▆█▇█ | Tang. Book Value ($M) | $114 | $111 | $113 | $118 | $122 | $125 | $124 | $126 |
| █▆▆▄▃▂▁▁ | Gross Loans ($M) | $870 | $821 | $822 | $782 | $761 | $738 | $716 | $701 |
| █▅█▇▄▃▁▁ | Total Deposits ($M) | $946 | $904 | $946 | $922 | $894 | $869 | $843 | $842 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 5% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 6% |