Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.07% | -0.31 | 1.38% |
| Return on Equity (%) | ▼ | 10.62% | -3.88 | 14.50% |
| Net Interest Margin (%) | ▲ | 5.08% | +0.09 | 4.99% |
| Efficiency Ratio (%) | ▼ | 69.22% | +8.45 | 60.77% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.69 | $4 |
| Cost of Funds (%) | ▲ | 1.91% | -0.18 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $875 | +50.49 | $825 |
| Gross Loans ($M) | ▲ | $693 | +51.40 | $642 |
| Loan Growth YoY (%) | ▲ | 90.04% | +2.09 | 87.95% |
| Total Deposits ($M) | ▲ | $760 | +40.63 | $720 |
| Shareholders Equity ($M) | ▲ | $89 | +9.79 | $79 |
| Tang. Book Value ($M) | ▲ | $89 | +9.79 | $79 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +9.82 | $80 |
| Loan / Deposit Ratio (%) | ▲ | 90.04% | +2.09 | 87.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.45% | +0.90 | 0.54% |
| Allowance / Loans (%) | — | 1.30% | -0.13% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 0.86% | +0.36 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.78% | +0.34 | 13.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▁▄▇█▃ | Net Interest Margin (%) | 5.24% | 5.22% | 5.20% | 4.99% | 5.11% | 5.19% | 5.25% | 5.08% |
| █▇▇▇▆▆▆▁ | Return on Assets (%) | 1.46% | 1.39% | 1.39% | 1.38% | 1.35% | 1.33% | 1.33% | 1.07% |
| ▁▁▂▃▂▂▃█ | Efficiency Ratio (%) | 57.5% | 57.8% | 59.5% | 60.8% | 60.1% | 60.0% | 61.5% | 69.2% |
| ▄██▄▄▃▄▁ | Cost of Funds (%) | 2.09% | 2.27% | 2.28% | 2.09% | 2.05% | 2.05% | 2.06% | 1.91% |
| ▃▁▁▂▄▇▇█ | NPA / Assets (%) | 0.68% | 0.29% | 0.37% | 0.54% | 0.78% | 1.22% | 1.29% | 1.45% |
| ▁▁▁▂▅█▃▅ | Net Charge-Off Ratio (%) | 0.39% | 0.28% | 0.34% | 0.50% | 0.78% | 1.24% | 0.54% | 0.86% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $71 | $74 | $76 | $79 | $80 | $82 | $86 | $89 |
| ▁▁▁▃▅███ | Gross Loans ($M) | $621 | $628 | $630 | $642 | $670 | $690 | $699 | $693 |
| ▁▃▂▄▅▇▇█ | Total Deposits ($M) | $686 | $706 | $696 | $720 | $732 | $748 | $745 | $760 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 24% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 19% |