Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.45% | -0.44 | 1.89% |
| Return on Equity (%) | ▼ | 12.56% | -5.53 | 18.09% |
| Net Interest Margin (%) | ▼ | 4.37% | -0.42 | 4.79% |
| Efficiency Ratio (%) | ▼ | 54.54% | +5.46 | 49.07% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.64 | $5 |
| Cost of Funds (%) | ▲ | 2.15% | -0.26 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $872 | +60.07 | $811 |
| Gross Loans ($M) | ▲ | $739 | +65.67 | $673 |
| Loan Growth YoY (%) | ▲ | 105.58% | +3.56 | 102.02% |
| Total Deposits ($M) | ▲ | $686 | +38.70 | $648 |
| Shareholders Equity ($M) | ▲ | $99 | +12.99 | $86 |
| Tang. Book Value ($M) | ▲ | $98 | +13.15 | $85 |
| Loan / Deposit Ratio (%) | ▲ | 105.58% | +3.56 | 102.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.52% | -0.13 | 0.65% |
| Allowance / Loans (%) | — | 1.90% | 0.08% | 1.83% |
| Net Charge-Off Ratio (%) | ▲ | 0.62% | -0.17 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.88% | +0.20 | 12.67% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▆▅▅▄ | Net Interest Margin (%) | 4.02% | 4.00% | 3.97% | 4.79% | 4.52% | 4.45% | 4.45% | 4.37% |
| ▁▁▂█▆▆▆▅ | Return on Assets (%) | 0.99% | 1.11% | 1.14% | 1.89% | 1.64% | 1.64% | 1.62% | 1.45% |
| █▇▇▁▃▂▃▄ | Efficiency Ratio (%) | 62.7% | 61.0% | 59.9% | 49.1% | 52.7% | 51.7% | 52.9% | 54.5% |
| ███▅▅▃▅▁ | Cost of Funds (%) | 2.56% | 2.57% | 2.61% | 2.41% | 2.40% | 2.29% | 2.42% | 2.15% |
| █▆▆▃▃▂█▁ | NPA / Assets (%) | 1.02% | 0.90% | 0.86% | 0.65% | 0.66% | 0.62% | 1.03% | 0.52% |
| ██▇▃▃▂█▁ | Net Charge-Off Ratio (%) | 1.16% | 1.12% | 1.08% | 0.79% | 0.78% | 0.76% | 1.19% | 0.62% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $76 | $79 | $81 | $85 | $88 | $92 | $96 | $98 |
| ▁▁▂▄▆▆▇█ | Gross Loans ($M) | $620 | $629 | $643 | $673 | $704 | $705 | $720 | $739 |
| ▁▅▅▆▇█▆█ | Total Deposits ($M) | $547 | $622 | $634 | $648 | $656 | $682 | $645 | $686 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Agricultural | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 18% |