Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.10 | 0.53% |
| Return on Equity (%) | ▲ | 6.83% | +1.01 | 5.82% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.38 | 3.59% |
| Efficiency Ratio (%) | ▲ | 76.88% | -6.12 | 83.00% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.75 | $2 |
| Cost of Funds (%) | ▲ | 1.91% | -0.34 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,046 | +39.61 | $1,006 |
| Gross Loans ($M) | ▼ | $762 | -36.05 | $798 |
| Loan Growth YoY (%) | ▼ | 80.71% | -7.03 | 87.74% |
| Total Deposits ($M) | ▲ | $934 | +34.66 | $899 |
| Shareholders Equity ($M) | ▲ | $98 | +7.11 | $91 |
| Tang. Book Value ($M) | ▲ | $94 | +7.11 | $87 |
| TBV excl. AOCI ($M)** | ▲ | $97 | +6.81 | $90 |
| Loan / Deposit Ratio (%) | ▼ | 80.71% | -7.03 | 87.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.18% | -0.48 | 1.66% |
| Allowance / Loans (%) | — | 1.08% | -0.06% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 1.58% | -0.52 | 2.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.01% | +1.10 | 11.92% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 3.37% | 3.38% | 3.44% | 3.59% | 3.62% | 3.65% | 3.68% | 3.97% |
| ▁▁▁▇████ | Return on Assets (%) | -0.11% | -0.01% | -0.06% | 0.53% | 0.72% | 0.68% | 0.67% | 0.63% |
| ███▃▁▁▁▁ | Efficiency Ratio (%) | 98.1% | 97.1% | 95.9% | 83.0% | 77.7% | 77.7% | 75.5% | 76.9% |
| ██▇▄▃▃▂▁ | Cost of Funds (%) | 2.73% | 2.76% | 2.56% | 2.25% | 2.18% | 2.16% | 2.07% | 1.91% |
| ▃▅█▇█▇▆▁ | NPA / Assets (%) | 1.41% | 1.55% | 1.74% | 1.66% | 1.79% | 1.64% | 1.62% | 1.18% |
| ▃▆████▇▁ | Net Charge-Off Ratio (%) | 1.72% | 1.92% | 2.05% | 2.10% | 2.07% | 2.04% | 2.01% | 1.58% |
| ▁▃▁▂▄▆▇█ | Tang. Book Value ($M) | $85 | $87 | $84 | $87 | $88 | $91 | $92 | $94 |
| █▆▅▄▄▁▂▁ | Gross Loans ($M) | $855 | $822 | $810 | $798 | $800 | $769 | $784 | $762 |
| ▄▃▁▄▄▇█▇ | Total Deposits ($M) | $901 | $889 | $852 | $899 | $892 | $929 | $951 | $934 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 17% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 16% |