Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.81% | -0.47 | 1.28% |
| Return on Equity (%) | ▼ | 9.99% | -7.70 | 17.69% |
| Net Interest Margin (%) | ▲ | 3.00% | +0.25 | 2.75% |
| Efficiency Ratio (%) | ▲ | 52.28% | -3.33 | 55.61% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.27 | $2 |
| Cost of Funds (%) | ▲ | 1.90% | -0.26 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $479 | +9.29 | $470 |
| Gross Loans ($M) | ▲ | $340 | +9.15 | $331 |
| Loan Growth YoY (%) | ▲ | 81.05% | +0.37 | 80.68% |
| Total Deposits ($M) | ▲ | $415 | +9.82 | $405 |
| Shareholders Equity ($M) | ▲ | $38 | +3.42 | $35 |
| Tang. Book Value ($M) | ▲ | $32 | +3.42 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +2.94 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 81.05% | +0.37 | 80.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.47% | +0.08 | 0.40% |
| Allowance / Loans (%) | — | 0.96% | -0.12% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.11 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.70% | -0.19 | 10.89% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▃▃▅▆█ | Net Interest Margin (%) | 2.66% | 2.61% | 2.62% | 2.75% | 2.73% | 2.83% | 2.89% | 3.00% |
| ▄▄▄█▇█▇▁ | Return on Assets (%) | 1.01% | 1.01% | 1.01% | 1.28% | 1.17% | 1.26% | 1.22% | 0.81% |
| ███▃▅▃▃▁ | Efficiency Ratio (%) | 62.8% | 62.0% | 62.1% | 55.6% | 57.7% | 55.4% | 56.2% | 52.3% |
| ▄▇█▄▄▃▂▁ | Cost of Funds (%) | 2.13% | 2.34% | 2.47% | 2.17% | 2.18% | 2.06% | 2.02% | 1.90% |
| ▁▁▁▇██▅█ | NPA / Assets (%) | 0.04% | 0.06% | 0.06% | 0.40% | 0.46% | 0.49% | 0.31% | 0.47% |
| ▁▁▁▇██▅█ | Net Charge-Off Ratio (%) | 0.05% | 0.09% | 0.08% | 0.56% | 0.64% | 0.69% | 0.43% | 0.67% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $26 | $29 | $27 | $29 | $30 | $33 | $33 | $32 |
| ▁▃▅▄▆▄█▇ | Gross Loans ($M) | $322 | $329 | $334 | $331 | $338 | $333 | $345 | $340 |
| ▁▆▄▆▆▅▅█ | Total Deposits ($M) | $381 | $402 | $396 | $405 | $405 | $402 | $400 | $415 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 17% |
| Agricultural | 18% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 4% |