Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.54 | 0.31% |
| Return on Equity (%) | ▲ | 13.05% | +7.50 | 5.55% |
| Net Interest Margin (%) | ▲ | 3.22% | +0.36 | 2.86% |
| Efficiency Ratio (%) | ▲ | 66.44% | -3.78 | 70.22% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.46 | $1 |
| Cost of Funds (%) | ▲ | 1.91% | -0.30 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $652 | +60.36 | $592 |
| Gross Loans ($M) | ▲ | $336 | +26.80 | $309 |
| Loan Growth YoY (%) | ▼ | 56.97% | -0.26 | 57.23% |
| Total Deposits ($M) | ▲ | $582 | +55.66 | $526 |
| Shareholders Equity ($M) | ▲ | $39 | +6.98 | $33 |
| Tang. Book Value ($M) | ▲ | $37 | +6.98 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +7.99 | $39 |
| Loan / Deposit Ratio (%) | ▼ | 56.97% | -0.26 | 57.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.53% | -1.01 | 1.53% |
| Allowance / Loans (%) | — | 1.23% | -1.26% | 2.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.95% | -1.89 | 2.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.19% | -0.36 | 14.55% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▅▁▄▅▇▆ | Net Interest Margin (%) | 3.36% | 3.31% | 3.15% | 2.86% | 3.06% | 3.14% | 3.25% | 3.22% |
| ██▁▁▄▅▇▇ | Return on Assets (%) | 0.97% | 0.95% | 0.37% | 0.31% | 0.58% | 0.72% | 0.81% | 0.85% |
| ▁▁▃█▇▅▄▅ | Efficiency Ratio (%) | 60.8% | 61.2% | 63.9% | 70.2% | 68.4% | 66.2% | 65.4% | 66.4% |
| ▆▅█▄▅▄▄▁ | Cost of Funds (%) | 2.37% | 2.28% | 2.60% | 2.21% | 2.32% | 2.19% | 2.18% | 1.91% |
| ▅█▆▆▂▁▁▁ | NPA / Assets (%) | 1.27% | 1.96% | 1.55% | 1.53% | 0.76% | 0.64% | 0.60% | 0.53% |
| ▄█▆▅▁▁▁▁ | Net Charge-Off Ratio (%) | 2.34% | 3.97% | 2.91% | 2.84% | 1.29% | 1.14% | 0.99% | 0.95% |
| ▃▄▁▁▁▅██ | Tang. Book Value ($M) | $32 | $33 | $29 | $30 | $29 | $34 | $37 | $37 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $285 | $297 | $300 | $309 | $315 | $319 | $332 | $336 |
| ▁▅▃▅▂▆▄█ | Total Deposits ($M) | $459 | $526 | $500 | $526 | $488 | $540 | $515 | $582 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 32% |
| Agricultural | 7% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 16% |