Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.35 | 1.07% |
| Return on Equity (%) | ▲ | 13.93% | +2.76 | 11.17% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.39 | 3.34% |
| Efficiency Ratio (%) | ▲ | 63.66% | -3.15 | 66.80% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.64 | $3 |
| Cost of Funds (%) | ▲ | 1.87% | -0.28 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $900 | -11.82 | $912 |
| Gross Loans ($M) | ▲ | $773 | +9.17 | $763 |
| Loan Growth YoY (%) | ▲ | 103.26% | +3.08 | 100.19% |
| Total Deposits ($M) | ▼ | $740 | -13.92 | $754 |
| Shareholders Equity ($M) | ▲ | $92 | +4.55 | $88 |
| Tang. Book Value ($M) | ▲ | $81 | +5.21 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $84 | +4.87 | $79 |
| Loan / Deposit Ratio (%) | ▲ | 103.26% | +3.08 | 100.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.61% | +0.42 | 0.19% |
| Allowance / Loans (%) | — | 1.09% | 0.03% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 0.72% | +0.49 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.44% | +0.53 | 9.91% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▅█ | Net Interest Margin (%) | 3.29% | 3.28% | 3.29% | 3.34% | 3.44% | 3.51% | 3.54% | 3.74% |
| ▁▁▁▁▄▅▆█ | Return on Assets (%) | 1.08% | 1.09% | 1.06% | 1.07% | 1.20% | 1.27% | 1.31% | 1.42% |
| ██▇▇▃▁▁▃ | Efficiency Ratio (%) | 67.5% | 67.1% | 66.4% | 66.8% | 63.8% | 62.7% | 62.2% | 63.7% |
| ▄▆█▆▄▆▆▁ | Cost of Funds (%) | 2.06% | 2.18% | 2.28% | 2.15% | 2.07% | 2.15% | 2.15% | 1.87% |
| ▂▁▂▃▄▅██ | NPA / Assets (%) | 0.12% | 0.02% | 0.13% | 0.19% | 0.29% | 0.35% | 0.66% | 0.61% |
| ▂▁▂▃▄▅██ | Net Charge-Off Ratio (%) | 0.15% | 0.03% | 0.15% | 0.23% | 0.34% | 0.41% | 0.77% | 0.72% |
| ▁▃▃▅▆▆▇█ | Tang. Book Value ($M) | $70 | $73 | $74 | $76 | $78 | $78 | $80 | $81 |
| ▁▂█▇▇███ | Gross Loans ($M) | $708 | $718 | $765 | $763 | $757 | $769 | $767 | $773 |
| ▁▅▆▆█▆▇▅ | Total Deposits ($M) | $702 | $737 | $751 | $754 | $771 | $749 | $755 | $740 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Agricultural | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 2% |