Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.99% | -0.03 | 1.02% |
| Return on Equity (%) | ▲ | 11.72% | +0.04 | 11.68% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.10 | 3.97% |
| Efficiency Ratio (%) | ▼ | 64.70% | +2.51 | 62.20% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.03 | $4 |
| Cost of Funds (%) | ▲ | 2.82% | -0.42 | 3.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,047 | +59.74 | $988 |
| Gross Loans ($M) | ▲ | $800 | +46.06 | $754 |
| Loan Growth YoY (%) | ▲ | 83.29% | +0.07 | 83.21% |
| Total Deposits ($M) | ▲ | $947 | +52.00 | $895 |
| Shareholders Equity ($M) | ▲ | $88 | +1.17 | $87 |
| Tang. Book Value ($M) | ▲ | $88 | +1.17 | $87 |
| TBV excl. AOCI ($M)** | ▲ | $91 | +0.77 | $91 |
| Loan / Deposit Ratio (%) | ▲ | 83.29% | +0.07 | 83.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.55% | +1.27 | 1.27% |
| Allowance / Loans (%) | — | 1.42% | 0.19% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 2.63% | +1.80 | 0.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.93% | -0.67 | 12.60% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▆██▆ | Net Interest Margin (%) | 3.81% | 3.85% | 3.91% | 3.97% | 4.09% | 4.19% | 4.21% | 4.07% |
| ▁▂▅▇▇█▇▆ | Return on Assets (%) | 0.72% | 0.76% | 0.92% | 1.02% | 1.02% | 1.08% | 1.03% | 0.99% |
| ██▃▂▂▁▁▄ | Efficiency Ratio (%) | 72.4% | 71.1% | 64.4% | 62.2% | 61.8% | 60.9% | 59.6% | 64.7% |
| ▄█▇██▅▃▁ | Cost of Funds (%) | 3.01% | 3.22% | 3.14% | 3.24% | 3.19% | 3.06% | 2.94% | 2.82% |
| ▁▁▁▂▂▁▅█ | NPA / Assets (%) | 0.96% | 1.12% | 1.05% | 1.27% | 1.26% | 1.11% | 1.92% | 2.55% |
| ▂▁▁▂▂▁▅█ | Net Charge-Off Ratio (%) | 0.88% | 0.44% | 0.55% | 0.83% | 0.72% | 0.63% | 1.75% | 2.63% |
| ▁▄▄▆█▃▅▇ | Tang. Book Value ($M) | $80 | $84 | $84 | $87 | $90 | $83 | $86 | $88 |
| ▁▂▄▅▅▅▇█ | Gross Loans ($M) | $697 | $715 | $744 | $754 | $755 | $758 | $786 | $800 |
| ▁▃▄▅▄▆▇█ | Total Deposits ($M) | $808 | $854 | $868 | $895 | $877 | $904 | $916 | $947 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 36% |