Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.90% | -0.05 | 0.95% |
| Return on Equity (%) | ▼ | 10.20% | -0.53 | 10.73% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.19 | 3.75% |
| Efficiency Ratio (%) | ▼ | 78.13% | +2.23 | 75.90% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.11 | $2 |
| Cost of Funds (%) | ▲ | 1.69% | -0.25 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $764 | -6.26 | $771 |
| Gross Loans ($M) | ▼ | $655 | -12.97 | $668 |
| Loan Growth YoY (%) | ▼ | 104.52% | -1.93 | 106.45% |
| Total Deposits ($M) | ▼ | $620 | -0.88 | $621 |
| Shareholders Equity ($M) | ▼ | $69 | -0.97 | $70 |
| Tang. Book Value ($M) | ▼ | $66 | -0.77 | $67 |
| TBV excl. AOCI ($M)** | ▼ | $70 | -0.22 | $70 |
| Loan / Deposit Ratio (%) | ▼ | 104.52% | -1.93 | 106.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.06 | 0.12% |
| Allowance / Loans (%) | — | 1.06% | 0.02% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.07 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.93% | +0.16 | 12.77% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▆▇█▆█ | Net Interest Margin (%) | 3.54% | 3.55% | 3.43% | 3.75% | 3.84% | 3.89% | 3.77% | 3.94% |
| ▁▂▂▆▇██▅ | Return on Assets (%) | 0.51% | 0.60% | 0.65% | 0.95% | 1.04% | 1.13% | 1.12% | 0.90% |
| █▇▆▃▂▁▁▅ | Efficiency Ratio (%) | 83.4% | 81.4% | 79.6% | 75.9% | 74.5% | 72.7% | 72.3% | 78.1% |
| ▄█▆▄▁▃▁▁ | Cost of Funds (%) | 2.02% | 2.35% | 2.13% | 1.95% | 1.75% | 1.88% | 1.76% | 1.69% |
| ▁▁▁█▁▁▁▄ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.12% | 0.02% | 0.01% | 0.01% | 0.06% |
| ▁▁▁█▁▁▁▄ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.00% | 0.14% | 0.02% | 0.02% | 0.01% | 0.07% |
| ▁▂▃▅▆█▂▄ | Tang. Book Value ($M) | $62 | $64 | $65 | $67 | $69 | $72 | $64 | $66 |
| ▅█▇▃▁▂▃▁ | Gross Loans ($M) | $685 | $703 | $693 | $668 | $660 | $665 | $671 | $655 |
| ▁▁▆▇▆▃█▇ | Total Deposits ($M) | $584 | $578 | $613 | $621 | $618 | $597 | $632 | $620 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 3% |
| Agricultural | 17% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 10% |