Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.27% | +0.26 | 2.02% |
| Return on Equity (%) | ▲ | 22.03% | +1.31 | 20.72% |
| Net Interest Margin (%) | ▲ | 4.37% | +0.28 | 4.09% |
| Efficiency Ratio (%) | ▲ | 46.21% | -1.31 | 47.52% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.75 | $5 |
| Cost of Funds (%) | ▲ | 2.36% | -0.19 | 2.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $910 | +39.99 | $870 |
| Gross Loans ($M) | ▲ | $722 | +24.94 | $698 |
| Loan Growth YoY (%) | ▼ | 90.83% | -0.22 | 91.05% |
| Total Deposits ($M) | ▲ | $785 | +27.98 | $757 |
| Shareholders Equity ($M) | ▲ | $97 | +11.74 | $85 |
| Tang. Book Value ($M) | ▲ | $97 | +11.74 | $85 |
| TBV excl. AOCI ($M)** | ▲ | $100 | +12.13 | $87 |
| Loan / Deposit Ratio (%) | ▼ | 90.83% | -0.22 | 91.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.83% | -0.24 | 1.08% |
| Allowance / Loans (%) | — | 1.34% | 0.12% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.51% | -0.84 | 1.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.86% | +0.78 | 13.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇███ | Net Interest Margin (%) | 3.57% | 3.68% | 3.77% | 4.09% | 4.24% | 4.33% | 4.35% | 4.37% |
| ▁▂▃▆▇█▇█ | Return on Assets (%) | 1.56% | 1.68% | 1.75% | 2.02% | 2.12% | 2.20% | 2.14% | 2.27% |
| █▇▇▂▁▁▂▁ | Efficiency Ratio (%) | 54.4% | 52.9% | 52.7% | 47.5% | 46.0% | 45.8% | 47.4% | 46.2% |
| ██▇▃▄▄▂▁ | Cost of Funds (%) | 2.99% | 2.98% | 2.85% | 2.54% | 2.63% | 2.62% | 2.47% | 2.36% |
| ▂▁▁██▇▅▅ | NPA / Assets (%) | 0.65% | 0.58% | 0.58% | 1.08% | 1.06% | 0.98% | 0.87% | 0.83% |
| ▃▃▂██▇▆▁ | Net Charge-Off Ratio (%) | 0.80% | 0.73% | 0.71% | 1.34% | 1.31% | 1.23% | 1.09% | 0.51% |
| ▁▂▃▄▄▆▇█ | Tang. Book Value ($M) | $74 | $78 | $80 | $85 | $84 | $90 | $92 | $97 |
| ▁▂▃▆▇███ | Gross Loans ($M) | $648 | $662 | $673 | $698 | $706 | $715 | $722 | $722 |
| ▁▂▃▆▇███ | Total Deposits ($M) | $684 | $710 | $717 | $757 | $766 | $781 | $792 | $785 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Agricultural | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 14% |