Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.24 | 0.78% |
| Return on Equity (%) | ▲ | 10.96% | +1.80 | 9.16% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.46 | 2.92% |
| Efficiency Ratio (%) | ▲ | 58.17% | -5.82 | 63.99% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.46 | $1 |
| Cost of Funds (%) | ▲ | 2.11% | -0.34 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $540 | -5.46 | $545 |
| Gross Loans ($M) | ▼ | $479 | -19.83 | $499 |
| Loan Growth YoY (%) | ▼ | 100.11% | -2.99 | 103.10% |
| Total Deposits ($M) | ▼ | $474 | -5.80 | $479 |
| Shareholders Equity ($M) | ▲ | $51 | +4.25 | $46 |
| Tang. Book Value ($M) | ▲ | $49 | +4.47 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +5.30 | $45 |
| Loan / Deposit Ratio (%) | ▼ | 100.11% | -2.99 | 103.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.01% | +0.01 | 2.00% |
| Allowance / Loans (%) | — | 1.05% | 0.10% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 2.26% | +0.07 | 2.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.95% | +1.22 | 10.72% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 2.47% | 2.54% | 2.62% | 2.92% | 3.04% | 3.10% | 3.18% | 3.37% |
| ▁▁▁▅▅▅▅█ | Return on Assets (%) | 0.49% | 0.53% | 0.53% | 0.78% | 0.79% | 0.80% | 0.80% | 1.02% |
| ███▄▅▄▄▁ | Efficiency Ratio (%) | 69.7% | 69.7% | 71.1% | 64.0% | 64.8% | 63.1% | 63.5% | 58.2% |
| ██▇▅▃▄▃▁ | Cost of Funds (%) | 2.78% | 2.75% | 2.68% | 2.44% | 2.33% | 2.37% | 2.28% | 2.11% |
| ▃▃▄▃▃█▁▄ | NPA / Assets (%) | 2.00% | 1.99% | 2.01% | 2.00% | 2.00% | 2.07% | 1.97% | 2.01% |
| ▁▁▁▃▄█▄▅ | Net Charge-Off Ratio (%) | 2.14% | 2.11% | 2.13% | 2.19% | 2.21% | 2.36% | 2.22% | 2.26% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $42 | $43 | $44 | $45 | $46 | $47 | $48 | $49 |
| ▇█▇▅▄▁▁▁ | Gross Loans ($M) | $509 | $515 | $509 | $499 | $493 | $484 | $482 | $479 |
| ▁▃▃█▆█▇▇ | Total Deposits ($M) | $444 | $453 | $455 | $479 | $470 | $478 | $471 | $474 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 12% |