Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +1.62 | -0.23% |
| Return on Equity (%) | ▲ | 14.28% | +17.07 | -2.79% |
| Net Interest Margin (%) | ▲ | 4.05% | +0.32 | 3.73% |
| Efficiency Ratio (%) | ▼ | 63.31% | +1.35 | 61.96% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.12 | $2 |
| Cost of Funds (%) | ▲ | 1.29% | -0.05 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $434 | -4.61 | $439 |
| Gross Loans ($M) | ▲ | $331 | +2.97 | $328 |
| Loan Growth YoY (%) | ▲ | 88.13% | +3.02 | 85.11% |
| Total Deposits ($M) | ▼ | $370 | -8.70 | $379 |
| Shareholders Equity ($M) | ▲ | $44 | +6.47 | $37 |
| Tang. Book Value ($M) | ▲ | $39 | +6.53 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +6.54 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 88.13% | +3.02 | 85.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.18% | -0.01 | 1.19% |
| Allowance / Loans (%) | — | 1.32% | -0.26% | 1.58% |
| Net Charge-Off Ratio (%) | ▲ | 1.31% | -0.23 | 1.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.01% | +1.37 | 11.64% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▆█ | Net Interest Margin (%) | 3.41% | 3.39% | 3.42% | 3.73% | 3.81% | 3.83% | 3.86% | 4.05% |
| ▆▆▅▁▂▄▆█ | Return on Assets (%) | 0.83% | 0.79% | 0.72% | -0.23% | 0.08% | 0.52% | 0.81% | 1.39% |
| ███▁▂▂▂▂ | Efficiency Ratio (%) | 70.8% | 71.0% | 70.3% | 62.0% | 63.8% | 63.7% | 63.5% | 63.3% |
| ▇█▇▂▂▄▂▁ | Cost of Funds (%) | 1.59% | 1.67% | 1.58% | 1.34% | 1.37% | 1.46% | 1.37% | 1.29% |
| ▁██▆▆▇▆▆ | NPA / Assets (%) | 0.39% | 1.54% | 1.53% | 1.19% | 1.21% | 1.28% | 1.24% | 1.18% |
| ▁██▆▅▅▅▅ | Net Charge-Off Ratio (%) | 0.51% | 2.00% | 2.02% | 1.55% | 1.34% | 1.42% | 1.36% | 1.31% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $30 | $32 | $32 | $32 | $34 | $36 | $38 | $39 |
| █▇▆▁▁▁▆▂ | Gross Loans ($M) | $345 | $341 | $340 | $328 | $327 | $326 | $339 | $331 |
| ▆▅█▄▁▁▆▂ | Total Deposits ($M) | $384 | $381 | $393 | $379 | $366 | $365 | $386 | $370 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 13% |
| Agricultural | 7% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 5% |