Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.19% | +0.09 | 2.11% |
| Return on Equity (%) | ▲ | 19.22% | +0.76 | 18.46% |
| Net Interest Margin (%) | ▲ | 4.53% | +0.05 | 4.48% |
| Efficiency Ratio (%) | ▲ | 51.28% | -0.96 | 52.23% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.97 | $6 |
| Cost of Funds (%) | ▲ | 1.39% | -0.12 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,194 | +126.02 | $1,068 |
| Gross Loans ($M) | ▲ | $809 | +64.54 | $744 |
| Loan Growth YoY (%) | ▼ | 76.27% | -2.46 | 78.74% |
| Total Deposits ($M) | ▲ | $1,049 | +114.11 | $935 |
| Shareholders Equity ($M) | ▲ | $133 | +14.29 | $118 |
| Tang. Book Value ($M) | ▲ | $119 | +14.42 | $105 |
| TBV excl. AOCI ($M)** | ▲ | $126 | +15.58 | $110 |
| Loan / Deposit Ratio (%) | ▼ | 76.27% | -2.46 | 78.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.06 | 0.07% |
| Allowance / Loans (%) | — | 1.09% | -0.02% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.09 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▅▅▁▇██▂ | Net Interest Margin (%) | 4.57% | 4.65% | 4.64% | 4.48% | 4.72% | 4.74% | 4.76% | 4.53% |
| ▁▄▁▁██▇▄ | Return on Assets (%) | 2.08% | 2.18% | 2.09% | 2.11% | 2.32% | 2.32% | 2.29% | 2.19% |
| ▃▂█▇▁▂▅▃ | Efficiency Ratio (%) | 51.2% | 51.1% | 52.6% | 52.2% | 50.8% | 51.1% | 51.9% | 51.3% |
| ▇▆█▃▄▃▁▁ | Cost of Funds (%) | 1.66% | 1.66% | 1.75% | 1.51% | 1.54% | 1.52% | 1.43% | 1.39% |
| ▅█▃▁▂▂▄▄ | NPA / Assets (%) | 0.15% | 0.21% | 0.11% | 0.07% | 0.09% | 0.09% | 0.13% | 0.13% |
| ▄█▃▁▁▁▃▅ | Net Charge-Off Ratio (%) | 0.18% | 0.27% | 0.15% | 0.10% | 0.12% | 0.12% | 0.16% | 0.19% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $96 | $102 | $102 | $105 | $109 | $114 | $118 | $119 |
| ▁▁▁▂▃▅██ | Gross Loans ($M) | $734 | $732 | $728 | $744 | $756 | $778 | $801 | $809 |
| ▁▁▃▅▂▄▆█ | Total Deposits ($M) | $770 | $790 | $848 | $935 | $808 | $896 | $967 | $1,049 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 17% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 7% |