Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.08% | +0.14 | 1.94% |
| Return on Equity (%) | ▲ | 15.32% | +0.49 | 14.83% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.24 | 3.88% |
| Efficiency Ratio (%) | ▲ | 32.40% | -2.00 | 34.40% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.60 | $4 |
| Cost of Funds (%) | ▲ | 2.52% | -0.27 | 2.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $670 | +28.94 | $641 |
| Gross Loans ($M) | ▲ | $454 | +4.54 | $449 |
| Loan Growth YoY (%) | ▼ | 78.24% | -6.04 | 84.28% |
| Total Deposits ($M) | ▲ | $573 | +46.82 | $526 |
| Shareholders Equity ($M) | ▲ | $88 | +7.46 | $81 |
| Tang. Book Value ($M) | ▲ | $88 | +7.46 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +7.66 | $85 |
| Loan / Deposit Ratio (%) | ▼ | 78.24% | -6.04 | 84.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.52% | -0.08 | 1.60% |
| Allowance / Loans (%) | — | 1.30% | -0.09% | 1.39% |
| Net Charge-Off Ratio (%) | ▲ | 2.03% | -0.21 | 2.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 23.87% | +1.47 | 22.41% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▅▆▄▆███ | Net Interest Margin (%) | 3.68% | 3.94% | 3.98% | 3.88% | 3.97% | 4.09% | 4.09% | 4.12% |
| ▁▁▁▁▃█▆█ | Return on Assets (%) | 1.92% | 1.93% | 1.92% | 1.94% | 1.98% | 2.09% | 2.05% | 2.08% |
| █▅▇▇▅▁▁▃ | Efficiency Ratio (%) | 35.2% | 33.4% | 34.2% | 34.4% | 33.3% | 31.4% | 31.4% | 32.4% |
| ▇██▇▇▄▃▁ | Cost of Funds (%) | 2.82% | 2.87% | 2.85% | 2.79% | 2.81% | 2.67% | 2.63% | 2.52% |
| ▁▆▆▇▃█▅▆ | NPA / Assets (%) | 0.93% | 1.56% | 1.53% | 1.60% | 1.16% | 1.80% | 1.44% | 1.52% |
| ▁▆▆▇▃█▅▆ | Net Charge-Off Ratio (%) | 1.16% | 1.99% | 2.05% | 2.25% | 1.51% | 2.46% | 1.93% | 2.03% |
| ▁▂▄▃▅▇█▇ | Tang. Book Value ($M) | $77 | $80 | $83 | $81 | $84 | $88 | $91 | $88 |
| ▁▄▅▃▁▂█▅ | Gross Loans ($M) | $446 | $453 | $455 | $449 | $444 | $447 | $463 | $454 |
| ▁▁▃▅▄▅▆█ | Total Deposits ($M) | $470 | $479 | $496 | $526 | $520 | $533 | $546 | $573 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 14% |