Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.05 | 1.09% |
| Return on Equity (%) | ▼ | 9.61% | -0.03 | 9.64% |
| Net Interest Margin (%) | ▲ | 4.25% | +0.06 | 4.19% |
| Efficiency Ratio (%) | ▲ | 65.37% | -0.62 | 65.99% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.15 | $2 |
| Cost of Funds (%) | ▲ | 1.35% | -0.01 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $632 | +11.52 | $621 |
| Gross Loans ($M) | ▼ | $415 | -25.78 | $441 |
| Loan Growth YoY (%) | ▼ | 73.68% | -5.69 | 79.37% |
| Total Deposits ($M) | ▲ | $556 | +8.20 | $548 |
| Shareholders Equity ($M) | ▲ | $74 | +4.67 | $69 |
| Tang. Book Value ($M) | ▲ | $64 | +4.76 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +5.33 | $62 |
| Loan / Deposit Ratio (%) | ▼ | 73.68% | -5.69 | 79.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.06 | 0.27% |
| Allowance / Loans (%) | — | 1.35% | -0.07% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.11 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.74% | +1.77 | 13.97% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▄▆██▅ | Net Interest Margin (%) | 4.06% | 4.16% | 4.22% | 4.19% | 4.27% | 4.33% | 4.37% | 4.25% |
| ▇█▆▁▁▅█▅ | Return on Assets (%) | 1.17% | 1.19% | 1.16% | 1.09% | 1.10% | 1.14% | 1.18% | 1.14% |
| ▂▁▂█▅▅▄▇ | Efficiency Ratio (%) | 61.8% | 61.2% | 61.8% | 66.0% | 63.6% | 63.6% | 63.1% | 65.4% |
| ▆▃▃▁▆▇█▁ | Cost of Funds (%) | 1.44% | 1.39% | 1.39% | 1.35% | 1.43% | 1.45% | 1.48% | 1.35% |
| ▃▃▁▄█▆▆▅ | NPA / Assets (%) | 0.19% | 0.20% | 0.00% | 0.27% | 0.60% | 0.43% | 0.40% | 0.33% |
| ▃▃▁▄█▆▆▅ | Net Charge-Off Ratio (%) | 0.26% | 0.26% | 0.00% | 0.38% | 0.79% | 0.57% | 0.54% | 0.49% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $55 | $58 | $58 | $59 | $60 | $62 | $63 | $64 |
| ▇▇█▅▇▆▅▁ | Gross Loans ($M) | $451 | $451 | $460 | $441 | $451 | $445 | $442 | $415 |
| ▃▁▁▇▂▁▃█ | Total Deposits ($M) | $527 | $518 | $518 | $548 | $521 | $515 | $527 | $556 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 20% |
| Agricultural | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 2% |