Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.07 | 0.78% |
| Return on Equity (%) | ▲ | 8.99% | +0.97 | 8.02% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.04 | 4.40% |
| Efficiency Ratio (%) | ▲ | 65.55% | -2.65 | 68.20% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.84 | $4 |
| Cost of Funds (%) | ▲ | 2.15% | -0.32 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,337 | +98.86 | $1,238 |
| Gross Loans ($M) | ▲ | $1,110 | +76.73 | $1,033 |
| Loan Growth YoY (%) | ▲ | 94.78% | +0.55 | 94.23% |
| Total Deposits ($M) | ▲ | $1,157 | +75.06 | $1,082 |
| Shareholders Equity ($M) | ▲ | $128 | +10.80 | $118 |
| Tang. Book Value ($M) | ▲ | $108 | +11.90 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $112 | +12.06 | $100 |
| Loan / Deposit Ratio (%) | ▲ | 94.78% | +0.55 | 94.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.07% | +1.21 | 1.86% |
| Allowance / Loans (%) | — | 1.20% | -0.13% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 2.69% | +1.34 | 1.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅██▁▃▄▇▂ | Net Interest Margin (%) | 4.60% | 4.69% | 4.73% | 4.40% | 4.50% | 4.56% | 4.66% | 4.44% |
| ▇█▇▁▁▁▂▁ | Return on Assets (%) | 1.91% | 2.15% | 1.89% | 0.78% | 0.74% | 0.86% | 0.95% | 0.85% |
| ▁▁▁▇█▇▇▅ | Efficiency Ratio (%) | 60.9% | 60.1% | 60.8% | 68.2% | 70.6% | 69.0% | 68.5% | 65.5% |
| ██▆▄▅▅▁▁ | Cost of Funds (%) | 2.73% | 2.82% | 2.57% | 2.47% | 2.51% | 2.51% | 2.13% | 2.15% |
| ▁▁▂▃▃▃▁█ | NPA / Assets (%) | 1.34% | 1.46% | 1.70% | 1.86% | 1.82% | 1.84% | 1.56% | 3.07% |
| ▄▁▂▃▃▃▁█ | Net Charge-Off Ratio (%) | 1.55% | 0.81% | 1.13% | 1.35% | 1.30% | 1.30% | 0.76% | 2.69% |
| ▁▃▃▃▄▄▅█ | Tang. Book Value ($M) | $90 | $96 | $96 | $96 | $98 | $97 | $100 | $108 |
| ▁▁▂▄▄▄▇█ | Gross Loans ($M) | $965 | $983 | $990 | $1,033 | $1,020 | $1,020 | $1,085 | $1,110 |
| ▁▁▂▄▄▃██ | Total Deposits ($M) | $1,033 | $1,022 | $1,053 | $1,082 | $1,078 | $1,059 | $1,163 | $1,157 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 29% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 14% |