Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +0.17 | 1.22% |
| Return on Equity (%) | ▼ | 8.21% | -4.74 | 12.95% |
| Net Interest Margin (%) | ▲ | 4.74% | +0.78 | 3.96% |
| Efficiency Ratio (%) | ▲ | 49.07% | -14.58 | 63.65% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.47 | $2 |
| Cost of Funds (%) | ▼ | 0.43% | +0.02 | 0.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $568 | +55.39 | $512 |
| Gross Loans ($M) | ▼ | $198 | -4.07 | $202 |
| Loan Growth YoY (%) | ▼ | 41.63% | -1.67 | 43.30% |
| Total Deposits ($M) | ▲ | $470 | +9.45 | $461 |
| Shareholders Equity ($M) | ▲ | $97 | +47.29 | $50 |
| Tang. Book Value ($M) | ▲ | $54 | +5.10 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +2.64 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 41.63% | -1.67 | 43.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.23 | 0.36% |
| Allowance / Loans (%) | — | 1.19% | -0.13% | 1.31% |
| Net Charge-Off Ratio (%) | ▲ | 0.38% | -0.54 | 0.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.12% | +0.98 | 16.14% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇▇▇▇▇▁█ | Net Interest Margin (%) | 3.51% | 3.60% | 3.82% | 3.96% | 4.08% | 4.06% | 0.00% | 4.74% |
| ▇▇█▇██▁█ | Return on Assets (%) | 1.12% | 1.20% | 1.35% | 1.22% | 1.42% | 1.45% | 0.00% | 1.39% |
| ██████▁▇ | Efficiency Ratio (%) | 60.0% | 58.8% | 57.1% | 63.6% | 60.8% | 59.5% | 0.0% | 49.1% |
| ██▇▇▇▇▁▇ | Cost of Funds (%) | 0.83% | 0.82% | 0.47% | 0.41% | 0.39% | 0.37% | -1.07% | 0.43% |
| ████▃▂▂▁ | NPA / Assets (%) | 0.35% | 0.36% | 0.37% | 0.36% | 0.20% | 0.19% | 0.18% | 0.13% |
| ████▂▂▂▁ | Net Charge-Off Ratio (%) | 0.89% | 0.90% | 0.87% | 0.92% | 0.47% | 0.51% | 0.50% | 0.38% |
| ▁▄▄▅▆█▇█ | Tang. Book Value ($M) | $42 | $47 | $47 | $49 | $51 | $54 | $52 | $54 |
| ███▂▄▄▂▁ | Gross Loans ($M) | $222 | $221 | $220 | $202 | $208 | $207 | $204 | $198 |
| ▂█▄▂▁█▄▃ | Total Deposits ($M) | $463 | $499 | $471 | $461 | $451 | $503 | $475 | $470 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 10% |
| Agricultural | 6% |
| Consumer | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 74% |