Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.64% | +0.17 | 0.47% |
| Return on Equity (%) | ▲ | 6.58% | +0.40 | 6.18% |
| Net Interest Margin (%) | ▲ | 2.70% | +0.07 | 2.63% |
| Efficiency Ratio (%) | ▼ | 73.83% | +5.75 | 68.07% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.18 | $1 |
| Cost of Funds (%) | ▲ | 1.51% | -0.23 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $589 | +7.83 | $581 |
| Gross Loans ($M) | ▲ | $173 | +2.23 | $171 |
| Loan Growth YoY (%) | ▲ | 32.75% | +0.61 | 32.14% |
| Total Deposits ($M) | ▼ | $520 | -2.46 | $522 |
| Shareholders Equity ($M) | ▲ | $58 | +11.88 | $46 |
| Tang. Book Value ($M) | ▲ | $52 | +12.16 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +13.05 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 32.75% | +0.61 | 32.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.68% | +0.58 | 1.10% |
| Allowance / Loans (%) | — | 1.57% | -0.11% | 1.68% |
| Net Charge-Off Ratio (%) | ▼ | 5.07% | +1.77 | 3.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.11% | +0.96 | 14.15% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▅▇██▇ | Net Interest Margin (%) | 2.54% | 2.48% | 2.50% | 2.63% | 2.70% | 2.74% | 2.75% | 2.70% |
| ▆▃▃▁▆▇█▄ | Return on Assets (%) | 0.71% | 0.58% | 0.57% | 0.47% | 0.73% | 0.78% | 0.82% | 0.64% |
| ██▆▅▂▂▁█ | Efficiency Ratio (%) | 73.8% | 74.2% | 70.6% | 68.1% | 63.8% | 63.5% | 61.7% | 73.8% |
| ▄▇█▅▃▃▃▁ | Cost of Funds (%) | 1.72% | 1.84% | 1.92% | 1.74% | 1.66% | 1.62% | 1.62% | 1.51% |
| ▁▇▃▂▁▄▂█ | NPA / Assets (%) | 1.05% | 1.53% | 1.17% | 1.10% | 0.97% | 1.29% | 1.08% | 1.68% |
| ▂▇▃▃▁▄▂█ | Net Charge-Off Ratio (%) | 2.98% | 4.56% | 3.33% | 3.30% | 2.67% | 3.73% | 3.14% | 5.07% |
| ▁▃▁▃▅▇██ | Tang. Book Value ($M) | $34 | $39 | $36 | $39 | $43 | $49 | $51 | $52 |
| ▁▅▆▃▇██▅ | Gross Loans ($M) | $165 | $174 | $175 | $171 | $177 | $180 | $180 | $173 |
| ▁▅▆█▅█▇█ | Total Deposits ($M) | $500 | $513 | $516 | $522 | $513 | $522 | $518 | $520 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 12% |
| Agricultural | 5% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 9% |