Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.58 | 0.77% |
| Return on Equity (%) | ▲ | 13.94% | +5.63 | 8.31% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.65 | 3.34% |
| Efficiency Ratio (%) | ▲ | 61.88% | -11.86 | 73.74% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.68 | $2 |
| Cost of Funds (%) | ▲ | 1.83% | -0.28 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $975 | +49.52 | $925 |
| Gross Loans ($M) | ▲ | $787 | +28.23 | $759 |
| Loan Growth YoY (%) | ▼ | 93.02% | -1.42 | 94.44% |
| Total Deposits ($M) | ▲ | $838 | +42.87 | $795 |
| Shareholders Equity ($M) | ▲ | $93 | +7.81 | $85 |
| Tang. Book Value ($M) | ▲ | $84 | +7.81 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $89 | +8.16 | $81 |
| Loan / Deposit Ratio (%) | ▼ | 93.02% | -1.42 | 94.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.23 | 0.29% |
| Allowance / Loans (%) | — | 0.93% | -0.08% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.27 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.27% | +0.20 | 10.07% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▃▅█ | Net Interest Margin (%) | 3.34% | 3.30% | 3.28% | 3.34% | 3.45% | 3.52% | 3.65% | 3.99% |
| ▄▃▃▁▃▂▄█ | Return on Assets (%) | 1.01% | 0.94% | 0.97% | 0.77% | 0.92% | 0.87% | 1.04% | 1.36% |
| ▅▆▅█▅▅▃▁ | Efficiency Ratio (%) | 68.1% | 69.4% | 68.0% | 73.7% | 68.3% | 68.4% | 65.9% | 61.9% |
| ▆██▆▅▆▃▁ | Cost of Funds (%) | 2.11% | 2.25% | 2.20% | 2.11% | 2.07% | 2.13% | 1.99% | 1.83% |
| ▆▇█▇█▅▂▁ | NPA / Assets (%) | 0.28% | 0.28% | 0.35% | 0.29% | 0.32% | 0.21% | 0.11% | 0.06% |
| ▇▇█▇█▅▂▁ | Net Charge-Off Ratio (%) | 0.33% | 0.33% | 0.41% | 0.34% | 0.37% | 0.26% | 0.13% | 0.07% |
| ▁▃▃▁▃▆█▇ | Tang. Book Value ($M) | $75 | $79 | $78 | $76 | $79 | $82 | $86 | $84 |
| ▂▁▄▂▅▃█▇ | Gross Loans ($M) | $757 | $751 | $768 | $759 | $776 | $766 | $794 | $787 |
| ▁▁▂▄▃▄▆█ | Total Deposits ($M) | $759 | $767 | $775 | $795 | $784 | $793 | $815 | $838 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 14% |
| Agricultural | 16% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 11% |