Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +1.28 | 0.06% |
| Return on Equity (%) | ▲ | 13.06% | +12.44 | 0.62% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.27 | 3.87% |
| Efficiency Ratio (%) | ▲ | 61.07% | -3.18 | 64.25% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.36 | $5 |
| Cost of Funds (%) | ▲ | 1.45% | -0.21 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,676 | +138.12 | $1,537 |
| Gross Loans ($M) | ▲ | $1,367 | +116.40 | $1,250 |
| Loan Growth YoY (%) | ▲ | 93.47% | +2.78 | 90.69% |
| Total Deposits ($M) | ▲ | $1,444 | +84.61 | $1,359 |
| Shareholders Equity ($M) | ▲ | $169 | +15.70 | $153 |
| Tang. Book Value ($M) | ▲ | $153 | +18.15 | $135 |
| TBV excl. AOCI ($M)** | ▲ | $158 | +16.40 | $141 |
| Loan / Deposit Ratio (%) | ▲ | 93.47% | +2.78 | 90.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.78% | +0.21 | 0.57% |
| Allowance / Loans (%) | — | 1.25% | -0.16% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 0.96% | +0.25 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.71% | +0.26 | 10.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 3.49% | 3.55% | 3.61% | 3.87% | 3.97% | 4.03% | 4.10% | 4.14% |
| ▅▅▆▁▇▇▇█ | Return on Assets (%) | 0.71% | 0.86% | 0.89% | 0.06% | 1.04% | 1.11% | 1.17% | 1.34% |
| █▇▆▃▃▃▃▁ | Efficiency Ratio (%) | 72.7% | 70.2% | 69.8% | 64.2% | 64.3% | 64.7% | 64.4% | 61.1% |
| ▇██▅▆▅▄▁ | Cost of Funds (%) | 1.79% | 1.85% | 1.82% | 1.65% | 1.71% | 1.69% | 1.63% | 1.45% |
| ▁▁▁▂▆▅▄█ | NPA / Assets (%) | 0.53% | 0.54% | 0.53% | 0.57% | 0.72% | 0.67% | 0.65% | 0.78% |
| ▁▁▁▂▆▄▄█ | Net Charge-Off Ratio (%) | 0.65% | 0.69% | 0.67% | 0.71% | 0.85% | 0.80% | 0.77% | 0.96% |
| ▁▃▃▃▅▆██ | Tang. Book Value ($M) | $126 | $133 | $135 | $135 | $141 | $146 | $150 | $153 |
| ▁▂▁▁▄▅▇█ | Gross Loans ($M) | $1,236 | $1,256 | $1,245 | $1,250 | $1,292 | $1,317 | $1,347 | $1,367 |
| ▁▄▃▂▂▄▅█ | Total Deposits ($M) | $1,333 | $1,383 | $1,369 | $1,359 | $1,348 | $1,383 | $1,392 | $1,444 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 12% |
| Agricultural | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 8% |