Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.07 | 0.63% |
| Return on Equity (%) | ▼ | 6.58% | -0.18 | 6.76% |
| Net Interest Margin (%) | ▲ | 2.97% | +0.39 | 2.58% |
| Efficiency Ratio (%) | ▼ | 70.37% | +1.02 | 69.35% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $1 |
| Cost of Funds (%) | ▲ | 1.96% | -0.23 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $442 | -9.27 | $451 |
| Gross Loans ($M) | ▲ | $238 | +15.83 | $222 |
| Loan Growth YoY (%) | ▲ | 67.36% | +5.41 | 61.95% |
| Total Deposits ($M) | ▼ | $349 | -4.43 | $353 |
| Shareholders Equity ($M) | ▲ | $47 | +4.73 | $43 |
| Tang. Book Value ($M) | ▲ | $47 | +4.73 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +3.90 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 67.36% | +5.41 | 61.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.80% | -0.11 | 0.92% |
| Allowance / Loans (%) | — | 1.25% | -0.23% | 1.48% |
| Net Charge-Off Ratio (%) | ▲ | 1.44% | -0.41 | 1.86% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.46% | +0.27 | 24.18% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▄▅█ | Net Interest Margin (%) | 2.53% | 2.51% | 2.57% | 2.58% | 2.69% | 2.72% | 2.79% | 2.97% |
| ▃▁▁▃▇██▅ | Return on Assets (%) | 0.63% | 0.56% | 0.57% | 0.63% | 0.76% | 0.79% | 0.80% | 0.70% |
| █▇█▅▂▁▁▆ | Efficiency Ratio (%) | 72.2% | 70.9% | 71.4% | 69.3% | 66.4% | 65.3% | 65.3% | 70.4% |
| ▃▇█▆▆▇▄▁ | Cost of Funds (%) | 2.08% | 2.22% | 2.30% | 2.19% | 2.19% | 2.24% | 2.11% | 1.96% |
| ▆▁▄▇█▇▆▂ | NPA / Assets (%) | 0.90% | 0.75% | 0.86% | 0.92% | 0.97% | 0.94% | 0.91% | 0.80% |
| ▇▁▅██▆▄▁ | Net Charge-Off Ratio (%) | 1.79% | 1.48% | 1.69% | 1.86% | 1.87% | 1.75% | 1.61% | 1.44% |
| ▁▅▁▃▃▆██ | Tang. Book Value ($M) | $40 | $45 | $40 | $43 | $42 | $45 | $48 | $47 |
| ▁▁▂▁▅█▇█ | Gross Loans ($M) | $222 | $221 | $224 | $222 | $229 | $236 | $235 | $238 |
| ▄▆▂█▅▄▁▄ | Total Deposits ($M) | $350 | $351 | $348 | $353 | $350 | $349 | $346 | $349 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 6% |
| Agricultural | 4% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 23% |