Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.96% | +0.06 | 1.90% |
| Return on Equity (%) | ▼ | 20.44% | -2.04 | 22.48% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.24 | 3.56% |
| Efficiency Ratio (%) | ▲ | 43.81% | -3.03 | 46.84% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.38 | $2 |
| Cost of Funds (%) | ▲ | 1.73% | -0.21 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $412 | +24.77 | $387 |
| Gross Loans ($M) | ▲ | $280 | +33.10 | $247 |
| Loan Growth YoY (%) | ▲ | 77.21% | +6.38 | 70.82% |
| Total Deposits ($M) | ▲ | $357 | +14.27 | $343 |
| Shareholders Equity ($M) | ▲ | $40 | +5.52 | $34 |
| Tang. Book Value ($M) | ▲ | $40 | +5.52 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +5.10 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 77.21% | +6.38 | 70.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.04 | 0.37% |
| Allowance / Loans (%) | — | 1.76% | -0.15% | 1.91% |
| Net Charge-Off Ratio (%) | ▲ | 0.49% | -0.09 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.67% | -0.38 | 15.05% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇▇█ | Net Interest Margin (%) | 3.03% | 3.07% | 3.18% | 3.56% | 3.63% | 3.67% | 3.68% | 3.80% |
| ▁▂▃███▇█ | Return on Assets (%) | 1.21% | 1.33% | 1.42% | 1.90% | 1.97% | 1.93% | 1.82% | 1.96% |
| ██▇▃▂▃▃▁ | Efficiency Ratio (%) | 53.6% | 52.8% | 51.9% | 46.8% | 46.0% | 46.3% | 46.4% | 43.8% |
| ▆██▃▃▄▄▁ | Cost of Funds (%) | 2.23% | 2.41% | 2.35% | 1.94% | 1.91% | 2.03% | 1.99% | 1.73% |
| █▇▁▁▃▁▁▁ | NPA / Assets (%) | 1.36% | 1.11% | 0.39% | 0.37% | 0.67% | 0.35% | 0.26% | 0.34% |
| █▇▂▁▄▁▁▁ | Net Charge-Off Ratio (%) | 2.04% | 1.72% | 0.64% | 0.58% | 1.02% | 0.51% | 0.40% | 0.49% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $30 | $34 | $32 | $34 | $36 | $39 | $40 | $40 |
| ▄▃▁▁▃▇██ | Gross Loans ($M) | $261 | $258 | $246 | $247 | $256 | $273 | $277 | $280 |
| ▁▄▅▁▂▁█▅ | Total Deposits ($M) | $343 | $353 | $358 | $343 | $346 | $343 | $369 | $357 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 31% |
| C&I / Commercial | 23% |
| Agricultural | 41% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 22% |