Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.43 | 0.66% |
| Return on Equity (%) | ▲ | 12.13% | +3.59 | 8.54% |
| Net Interest Margin (%) | ▲ | 2.86% | +0.40 | 2.47% |
| Efficiency Ratio (%) | ▲ | 51.81% | -15.62 | 67.43% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.59 | $1 |
| Cost of Funds (%) | ▲ | 1.29% | -0.22 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $394 | +7.79 | $387 |
| Gross Loans ($M) | ▼ | $143 | -6.67 | $150 |
| Loan Growth YoY (%) | ▼ | 44.46% | -2.96 | 47.41% |
| Total Deposits ($M) | ▲ | $318 | +5.83 | $312 |
| Shareholders Equity ($M) | ▲ | $35 | +4.85 | $30 |
| Tang. Book Value ($M) | ▲ | $32 | +5.06 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +5.81 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 44.46% | -2.96 | 47.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.03 | 0.38% |
| Allowance / Loans (%) | — | 1.18% | 0.04% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.95% | -0.02 | 0.97% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.09% | +2.40 | 13.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▂▃▄█ | Net Interest Margin (%) | 2.57% | 2.50% | 2.47% | 2.47% | 2.54% | 2.57% | 2.62% | 2.86% |
| ▂▁▁▁▃▄▄█ | Return on Assets (%) | 0.71% | 0.68% | 0.64% | 0.66% | 0.76% | 0.81% | 0.82% | 1.09% |
| ▇███▆▅▅▁ | Efficiency Ratio (%) | 66.3% | 67.4% | 69.0% | 67.4% | 63.2% | 61.4% | 61.0% | 51.8% |
| ▆██▆▆▅▃▁ | Cost of Funds (%) | 1.52% | 1.58% | 1.62% | 1.51% | 1.50% | 1.46% | 1.41% | 1.29% |
| ▂▁▂▁███▁ | NPA / Assets (%) | 0.42% | 0.35% | 0.40% | 0.38% | 0.68% | 0.71% | 0.69% | 0.34% |
| ▂▁▂▂▇██▁ | Net Charge-Off Ratio (%) | 0.99% | 0.84% | 0.98% | 0.97% | 1.69% | 1.84% | 1.76% | 0.95% |
| ▁▅▁▃▃▇██ | Tang. Book Value ($M) | $25 | $28 | $25 | $27 | $27 | $30 | $31 | $32 |
| ██▆▆█▆▇▁ | Gross Loans ($M) | $152 | $152 | $149 | $150 | $153 | $150 | $150 | $143 |
| ▁▁▁▆▃▁▃█ | Total Deposits ($M) | $300 | $301 | $299 | $312 | $304 | $300 | $305 | $318 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 17% |
| Agricultural | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 13% |