Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.90% | +0.40 | 1.49% |
| Return on Equity (%) | ▲ | 18.90% | +3.75 | 15.15% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.21 | 3.12% |
| Efficiency Ratio (%) | ▲ | 43.77% | -9.17 | 52.94% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.50 | $1 |
| Cost of Funds (%) | ▲ | 1.85% | -0.10 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $378 | +22.52 | $356 |
| Gross Loans ($M) | ▲ | $285 | +7.25 | $278 |
| Loan Growth YoY (%) | ▼ | 88.43% | -3.49 | 91.93% |
| Total Deposits ($M) | ▲ | $319 | +19.88 | $299 |
| Shareholders Equity ($M) | ▲ | $39 | +2.97 | $36 |
| Tang. Book Value ($M) | ▲ | $39 | +2.97 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +3.91 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 88.43% | -3.49 | 91.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.22 | 0.26% |
| Allowance / Loans (%) | — | 1.01% | 0.02% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.64% | +0.30 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.15% | +0.11 | 18.04% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▁▄▄█ | Net Interest Margin (%) | 3.12% | 3.12% | 3.12% | 3.12% | 3.13% | 3.21% | 3.22% | 3.34% |
| ▁▁▁▃▄▄▄█ | Return on Assets (%) | 1.37% | 1.41% | 1.35% | 1.49% | 1.56% | 1.57% | 1.56% | 1.90% |
| ▇▇█▆▅▅▆▁ | Efficiency Ratio (%) | 54.8% | 54.9% | 56.7% | 52.9% | 50.6% | 51.3% | 52.2% | 43.8% |
| ▁█▆▄▃█▄▁ | Cost of Funds (%) | 1.86% | 2.06% | 2.01% | 1.95% | 1.92% | 2.09% | 1.97% | 1.85% |
| ▄▁▁▄▃▂▆█ | NPA / Assets (%) | 0.27% | 0.11% | 0.10% | 0.26% | 0.20% | 0.19% | 0.36% | 0.48% |
| ▄▁▁▄▃▃▇█ | Net Charge-Off Ratio (%) | 0.34% | 0.14% | 0.12% | 0.33% | 0.27% | 0.25% | 0.51% | 0.64% |
| ▁▃▂▄▄▇██ | Tang. Book Value ($M) | $34 | $35 | $35 | $36 | $36 | $38 | $39 | $39 |
| ▁▁▂▄▆▆▆█ | Gross Loans ($M) | $273 | $273 | $276 | $278 | $281 | $281 | $281 | $285 |
| ▂▁▄▃▆▅█▆ | Total Deposits ($M) | $294 | $285 | $305 | $299 | $322 | $316 | $335 | $319 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 16% |