Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.14 | 0.96% |
| Return on Equity (%) | ▲ | 11.77% | +1.04 | 10.73% |
| Net Interest Margin (%) | ▲ | 3.36% | +0.39 | 2.97% |
| Efficiency Ratio (%) | ▲ | 55.92% | -10.58 | 66.50% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.59 | $1 |
| Cost of Funds (%) | ▲ | 2.43% | -0.36 | 2.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $426 | +24.27 | $402 |
| Gross Loans ($M) | ▲ | $345 | +21.56 | $323 |
| Loan Growth YoY (%) | ▲ | 99.32% | +6.05 | 93.27% |
| Total Deposits ($M) | ▼ | $344 | -0.32 | $344 |
| Shareholders Equity ($M) | ▲ | $40 | +3.43 | $36 |
| Tang. Book Value ($M) | ▲ | $39 | +3.45 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +3.40 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 99.32% | +6.05 | 93.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.69% | +1.69 | 1.00% |
| Allowance / Loans (%) | — | 1.00% | 0.26% | 0.74% |
| Net Charge-Off Ratio (%) | ▼ | 2.57% | +1.33 | 1.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.97% | -0.74 | 13.71% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▆▇█ | Net Interest Margin (%) | 2.90% | 2.89% | 2.94% | 2.97% | 3.12% | 3.19% | 3.26% | 3.36% |
| ▁▂▄▄█▇██ | Return on Assets (%) | 0.83% | 0.90% | 0.95% | 0.96% | 1.13% | 1.10% | 1.13% | 1.10% |
| █▇▆▇▃▃▂▁ | Efficiency Ratio (%) | 68.7% | 66.1% | 65.5% | 66.5% | 60.5% | 60.1% | 58.5% | 55.9% |
| ▇█▆▇▆▄▂▁ | Cost of Funds (%) | 2.82% | 2.88% | 2.72% | 2.79% | 2.72% | 2.64% | 2.54% | 2.43% |
| ▁▃▃▃▃▅██ | NPA / Assets (%) | 0.36% | 1.01% | 0.97% | 1.00% | 1.12% | 1.68% | 2.43% | 2.69% |
| ▁▃▃▃▃▆█▇ | Net Charge-Off Ratio (%) | 0.42% | 1.20% | 1.21% | 1.24% | 1.39% | 2.17% | 3.02% | 2.57% |
| ▁▆▆▅▆▇██ | Tang. Book Value ($M) | $30 | $36 | $36 | $36 | $36 | $38 | $39 | $39 |
| ▁▂▄▂▆▅▇█ | Gross Loans ($M) | $320 | $324 | $330 | $323 | $336 | $333 | $340 | $345 |
| ▁▄▅▆▅█▇▆ | Total Deposits ($M) | $305 | $330 | $342 | $344 | $336 | $366 | $353 | $344 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 5% |
| Agricultural | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 14% |