Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.07% | -0.22 | 1.29% |
| Return on Equity (%) | ▼ | 10.92% | -3.31 | 14.23% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.33 | 3.42% |
| Efficiency Ratio (%) | ▼ | 67.90% | +2.54 | 65.36% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.19 | $2 |
| Cost of Funds (%) | ▲ | 2.23% | -0.31 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $616 | +7.02 | $609 |
| Gross Loans ($M) | ▲ | $502 | +7.05 | $495 |
| Loan Growth YoY (%) | ▲ | 92.57% | +0.32 | 92.26% |
| Total Deposits ($M) | ▲ | $536 | +5.79 | $530 |
| Shareholders Equity ($M) | ▲ | $60 | +4.56 | $56 |
| Tang. Book Value ($M) | ▲ | $57 | +4.56 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +4.63 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 92.57% | +0.32 | 92.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.86% | +0.04 | 0.82% |
| Allowance / Loans (%) | — | 1.26% | -0.01% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 1.06% | +0.04 | 1.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.01% | +0.79 | 11.22% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 3.41% | 3.38% | 3.37% | 3.42% | 3.47% | 3.55% | 3.57% | 3.75% |
| █▃▁▇▃▃▃▁ | Return on Assets (%) | 1.33% | 1.14% | 1.05% | 1.29% | 1.13% | 1.14% | 1.12% | 1.07% |
| ▁▆█▁▄▅▅▅ | Efficiency Ratio (%) | 65.0% | 69.1% | 70.5% | 65.4% | 67.3% | 67.8% | 67.8% | 67.9% |
| ███▆▅▆▂▁ | Cost of Funds (%) | 2.65% | 2.68% | 2.67% | 2.55% | 2.50% | 2.52% | 2.34% | 2.23% |
| ▁███▇▆▇█ | NPA / Assets (%) | 0.21% | 0.87% | 0.88% | 0.82% | 0.78% | 0.70% | 0.78% | 0.86% |
| ▁███▇▆▇█ | Net Charge-Off Ratio (%) | 0.25% | 1.04% | 1.08% | 1.01% | 0.97% | 0.86% | 0.95% | 1.06% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $49 | $50 | $52 | $53 | $54 | $55 | $57 | $57 |
| ▃▆▅▃▁▁█▇ | Gross Loans ($M) | $495 | $500 | $499 | $495 | $491 | $491 | $505 | $502 |
| ▁▃▆▇▇▅██ | Total Deposits ($M) | $500 | $512 | $525 | $530 | $528 | $522 | $535 | $536 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 10% |