Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.62% | +0.61 | 2.01% |
| Return on Equity (%) | ▲ | 31.89% | +6.47 | 25.42% |
| Net Interest Margin (%) | ▲ | 5.71% | +1.60 | 4.11% |
| Efficiency Ratio (%) | ▼ | 48.67% | +1.69 | 46.98% |
| Pre-Provision Profit ($M) | ▲ | $7 | +4.23 | $3 |
| Cost of Funds (%) | ▲ | 2.10% | -0.25 | 2.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,304 | +735.22 | $569 |
| Gross Loans ($M) | ▲ | $1,089 | +651.67 | $437 |
| Loan Growth YoY (%) | ▲ | 91.35% | +9.22 | 82.13% |
| Total Deposits ($M) | ▲ | $1,174 | +650.45 | $523 |
| Shareholders Equity ($M) | ▲ | $109 | +66.65 | $42 |
| Tang. Book Value ($M) | ▲ | $109 | +66.65 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $112 | +67.24 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 91.35% | +9.22 | 82.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.64% | -0.27 | 0.91% |
| Allowance / Loans (%) | — | 1.52% | -0.16% | 1.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.76% | -0.37 | 1.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.99% | -0.11 | 11.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▁▁▂█ | Net Interest Margin (%) | 4.09% | 4.11% | 4.16% | 4.11% | 4.04% | 4.18% | 4.28% | 5.71% |
| ▆▆█▂▁▁▁█ | Return on Assets (%) | 2.43% | 2.45% | 2.67% | 2.01% | 1.89% | 1.88% | 1.96% | 2.62% |
| ▂▂▁▇▇▆▆█ | Efficiency Ratio (%) | 42.8% | 42.9% | 41.0% | 47.0% | 47.1% | 45.9% | 46.3% | 48.7% |
| ▆▆█▃▄▄▄▁ | Cost of Funds (%) | 2.60% | 2.62% | 2.81% | 2.35% | 2.42% | 2.40% | 2.38% | 2.10% |
| ▁▁▁▄█▇▅▂ | NPA / Assets (%) | 0.30% | 0.41% | 0.48% | 0.91% | 1.90% | 1.53% | 1.25% | 0.64% |
| ▁▁▁▄█▇▆▂ | Net Charge-Off Ratio (%) | 0.35% | 0.48% | 0.53% | 1.13% | 2.25% | 1.80% | 1.55% | 0.76% |
| ▁▁▁▁▁▁▂█ | Tang. Book Value ($M) | $36 | $38 | $36 | $42 | $43 | $43 | $46 | $109 |
| ▁▁▁▂▂▂▂█ | Gross Loans ($M) | $332 | $358 | $344 | $437 | $466 | $488 | $465 | $1,089 |
| ▁▁▁▂▂▂▂█ | Total Deposits ($M) | $372 | $391 | $391 | $523 | $510 | $514 | $534 | $1,174 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 12% |
| Agricultural | 10% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 22% |