Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.77% | -0.01 | 0.78% |
| Return on Equity (%) | ▼ | 6.79% | -0.91 | 7.70% |
| Net Interest Margin (%) | ▲ | 3.51% | +0.28 | 3.22% |
| Efficiency Ratio (%) | ▼ | 75.71% | +4.03 | 71.68% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.06 | $1 |
| Cost of Funds (%) | ▲ | 1.85% | -0.43 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $518 | -25.27 | $543 |
| Gross Loans ($M) | ▼ | $370 | -18.71 | $388 |
| Loan Growth YoY (%) | ▲ | 92.85% | +3.63 | 89.22% |
| Total Deposits ($M) | ▼ | $392 | -36.42 | $429 |
| Shareholders Equity ($M) | ▲ | $59 | +3.67 | $55 |
| Tang. Book Value ($M) | ▲ | $54 | +3.94 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +4.48 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 92.85% | +3.63 | 89.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.27% | -0.46 | 0.74% |
| Allowance / Loans (%) | — | 1.41% | -0.05% | 1.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -0.17 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.66% | +1.35 | 11.32% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▁▁▃▄▄█ | Net Interest Margin (%) | 3.30% | 3.23% | 3.19% | 3.22% | 3.28% | 3.31% | 3.35% | 3.51% |
| ▁▁▁▂█▆▆▂ | Return on Assets (%) | 0.68% | 0.61% | 0.66% | 0.78% | 1.52% | 1.23% | 1.18% | 0.77% |
| ███▅▁▃▃▇ | Efficiency Ratio (%) | 80.2% | 80.6% | 78.0% | 71.7% | 59.4% | 65.8% | 66.0% | 75.7% |
| ▆▇█▆▆▄▂▁ | Cost of Funds (%) | 2.29% | 2.40% | 2.53% | 2.28% | 2.31% | 2.16% | 1.94% | 1.85% |
| ████▄▇▁▁ | NPA / Assets (%) | 0.75% | 0.75% | 0.70% | 0.74% | 0.49% | 0.64% | 0.33% | 0.27% |
| ███▄▁▂▃▂ | Net Charge-Off Ratio (%) | 0.99% | 0.99% | 0.90% | 0.50% | 0.12% | 0.33% | 0.43% | 0.33% |
| ▁▄▁▂▄███ | Tang. Book Value ($M) | $49 | $51 | $50 | $50 | $51 | $54 | $54 | $54 |
| ▇██▇▆▃▁▄ | Gross Loans ($M) | $386 | $397 | $395 | $388 | $380 | $365 | $350 | $370 |
| ▃▆▆█▃▁▁▁ | Total Deposits ($M) | $406 | $419 | $416 | $429 | $402 | $395 | $394 | $392 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 7% |
| Agricultural | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 16% |