Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.88% | +0.46 | 1.42% |
| Return on Equity (%) | ▲ | 16.93% | +3.34 | 13.59% |
| Net Interest Margin (%) | ▲ | 4.11% | +0.52 | 3.59% |
| Efficiency Ratio (%) | ▲ | 55.33% | -5.15 | 60.49% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.64 | $2 |
| Cost of Funds (%) | ▲ | 1.30% | -0.14 | 1.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $576 | +13.43 | $562 |
| Gross Loans ($M) | ▲ | $354 | +0.15 | $354 |
| Loan Growth YoY (%) | ▼ | 69.17% | -1.34 | 70.52% |
| Total Deposits ($M) | ▲ | $505 | +9.59 | $495 |
| Shareholders Equity ($M) | ▲ | $63 | +3.75 | $59 |
| Tang. Book Value ($M) | ▲ | $61 | +3.75 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +4.87 | $65 |
| Loan / Deposit Ratio (%) | ▼ | 69.17% | -1.34 | 70.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.84% | -0.21 | 1.05% |
| Allowance / Loans (%) | — | 1.35% | 0.04% | 1.31% |
| Net Charge-Off Ratio (%) | ▲ | 1.36% | -0.31 | 1.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.90% | +0.20 | 15.70% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 3.14% | 3.20% | 3.25% | 3.59% | 3.63% | 3.70% | 3.85% | 4.11% |
| ▁▁▁▄▄▅▆█ | Return on Assets (%) | 1.04% | 1.12% | 1.13% | 1.42% | 1.46% | 1.50% | 1.58% | 1.88% |
| █▇█▄▃▃▂▁ | Efficiency Ratio (%) | 68.4% | 66.7% | 67.0% | 60.5% | 59.9% | 59.1% | 57.4% | 55.3% |
| ▆█▇▄▃▃▃▁ | Cost of Funds (%) | 1.53% | 1.64% | 1.58% | 1.44% | 1.42% | 1.42% | 1.39% | 1.30% |
| ▁▄▄███▆▄ | NPA / Assets (%) | 0.68% | 0.86% | 0.83% | 1.05% | 1.02% | 1.06% | 0.96% | 0.84% |
| ▁▄▃███▆▄ | Net Charge-Off Ratio (%) | 1.08% | 1.39% | 1.31% | 1.67% | 1.68% | 1.75% | 1.55% | 1.36% |
| ▁▅▂▅▆▇██ | Tang. Book Value ($M) | $52 | $57 | $55 | $57 | $59 | $60 | $62 | $61 |
| █▃▃▆▁▁▄▆ | Gross Loans ($M) | $360 | $347 | $347 | $354 | $342 | $343 | $350 | $354 |
| ▄▁▁▅▆▅▅█ | Total Deposits ($M) | $492 | $481 | $480 | $495 | $498 | $494 | $493 | $505 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Agricultural | 3% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 12% |