Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.11% | +0.01 | 2.10% |
| Return on Equity (%) | ▼ | 20.84% | -2.63 | 23.47% |
| Net Interest Margin (%) | ▼ | 4.04% | -0.05 | 4.09% |
| Efficiency Ratio (%) | ▲ | 49.39% | -1.02 | 50.41% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.34 | $7 |
| Cost of Funds (%) | ▲ | 1.78% | -0.24 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,314 | +70.88 | $1,243 |
| Gross Loans ($M) | ▲ | $868 | +5.86 | $862 |
| Loan Growth YoY (%) | ▼ | 72.97% | -3.10 | 76.07% |
| Total Deposits ($M) | ▲ | $1,175 | +55.30 | $1,120 |
| Shareholders Equity ($M) | ▲ | $133 | +16.31 | $117 |
| Tang. Book Value ($M) | ▲ | $130 | +16.31 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $142 | +14.91 | $127 |
| Loan / Deposit Ratio (%) | ▼ | 72.97% | -3.10 | 76.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.08 | 0.10% |
| Allowance / Loans (%) | — | 1.15% | 0.02% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.07 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.49% | +1.67 | 12.82% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▇▇██▇ | Net Interest Margin (%) | 3.49% | 3.59% | 3.66% | 4.09% | 4.13% | 4.22% | 4.18% | 4.04% |
| ▁▁▁▇▇██▇ | Return on Assets (%) | 1.44% | 1.49% | 1.53% | 2.10% | 2.10% | 2.19% | 2.25% | 2.11% |
| ██▇▃▂▁▁▂ | Efficiency Ratio (%) | 57.0% | 56.6% | 55.9% | 50.4% | 49.5% | 48.8% | 48.2% | 49.4% |
| ██▄▃▃▃▁▁ | Cost of Funds (%) | 2.48% | 2.58% | 2.09% | 2.02% | 2.08% | 2.07% | 1.79% | 1.78% |
| ▇▆▅█▅▁▁▁ | NPA / Assets (%) | 0.08% | 0.08% | 0.06% | 0.10% | 0.06% | 0.02% | 0.01% | 0.01% |
| ▆▅▃█▂▂▁▁ | Net Charge-Off Ratio (%) | 0.07% | 0.06% | 0.04% | 0.10% | 0.04% | 0.03% | 0.02% | 0.02% |
| ▁▂▃▄▄▇██ | Tang. Book Value ($M) | $98 | $105 | $107 | $114 | $114 | $124 | $132 | $130 |
| ▁▃▃▄██▄▅ | Gross Loans ($M) | $834 | $851 | $855 | $862 | $892 | $893 | $863 | $868 |
| ▆▄▇▄▃▁██ | Total Deposits ($M) | $1,140 | $1,108 | $1,168 | $1,120 | $1,100 | $1,056 | $1,189 | $1,175 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 19% |
| Agricultural | 5% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 35% |