Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.26 | 0.76% |
| Return on Equity (%) | ▲ | 10.25% | +1.44 | 8.81% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.50 | 3.92% |
| Efficiency Ratio (%) | ▲ | 61.64% | -2.77 | 64.42% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.63 | $3 |
| Cost of Funds (%) | ▲ | 2.19% | -0.42 | 2.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $886 | -37.77 | $923 |
| Gross Loans ($M) | ▼ | $752 | -23.77 | $775 |
| Loan Growth YoY (%) | ▲ | 93.83% | +2.43 | 91.41% |
| Total Deposits ($M) | ▼ | $786 | -43.90 | $829 |
| Shareholders Equity ($M) | ▲ | $90 | +6.70 | $83 |
| Tang. Book Value ($M) | ▲ | $89 | +6.93 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +8.31 | $84 |
| Loan / Deposit Ratio (%) | ▲ | 93.83% | +2.43 | 91.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.22% | +0.43 | 0.80% |
| Allowance / Loans (%) | — | 1.93% | -0.29% | 2.22% |
| Net Charge-Off Ratio (%) | ▼ | 1.13% | +0.21 | 0.91% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇▇█ | Net Interest Margin (%) | 3.45% | 3.49% | 3.51% | 3.92% | 4.16% | 4.23% | 4.25% | 4.42% |
| ▁▂▂▆▇▇▇█ | Return on Assets (%) | 0.32% | 0.44% | 0.50% | 0.76% | 0.86% | 0.90% | 0.88% | 1.01% |
| ██▇▂▂▁▂▁ | Efficiency Ratio (%) | 78.1% | 77.1% | 75.2% | 64.4% | 63.8% | 63.1% | 63.8% | 61.6% |
| ██▅▅▂▂▂▁ | Cost of Funds (%) | 2.86% | 2.89% | 2.62% | 2.61% | 2.32% | 2.34% | 2.31% | 2.19% |
| ▅▆▃▂▁▆██ | NPA / Assets (%) | 0.98% | 1.05% | 0.88% | 0.80% | 0.68% | 1.04% | 1.21% | 1.22% |
| ▄▅▄▂▁▆█▅ | Net Charge-Off Ratio (%) | 1.09% | 1.17% | 1.03% | 0.91% | 0.76% | 1.23% | 1.47% | 1.13% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $78 | $80 | $80 | $82 | $84 | $86 | $88 | $89 |
| ███▆▄▃▂▁ | Gross Loans ($M) | $783 | $783 | $785 | $775 | $768 | $762 | $756 | $752 |
| ▁▂█▄▁▃▃▁ | Total Deposits ($M) | $794 | $802 | $888 | $829 | $789 | $815 | $820 | $786 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 36% |
| Agricultural | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 20% |