Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.94% | +0.37 | 0.57% |
| Return on Equity (%) | ▲ | 10.57% | +3.71 | 6.86% |
| Net Interest Margin (%) | ▲ | 2.97% | +0.31 | 2.66% |
| Efficiency Ratio (%) | ▲ | 60.04% | -9.16 | 69.20% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.90 | $3 |
| Cost of Funds (%) | ▲ | 1.91% | -0.10 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,737 | +91.59 | $1,645 |
| Gross Loans ($M) | ▲ | $1,205 | +109.54 | $1,095 |
| Loan Growth YoY (%) | ▲ | 83.65% | +6.06 | 77.59% |
| Total Deposits ($M) | ▲ | $1,423 | +28.07 | $1,395 |
| Shareholders Equity ($M) | ▲ | $154 | +18.39 | $136 |
| Tang. Book Value ($M) | ▲ | $132 | +18.67 | $113 |
| TBV excl. AOCI ($M)** | ▲ | $150 | +18.72 | $132 |
| Loan / Deposit Ratio (%) | ▲ | 83.65% | +6.06 | 77.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -0.13 | 0.32% |
| Allowance / Loans (%) | — | 1.21% | 0.02% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.20 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.12% | -0.12 | 12.24% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 2.31% | 2.33% | 2.38% | 2.66% | 2.75% | 2.79% | 2.88% | 2.97% |
| ▁▁▁▃▃▅▅█ | Return on Assets (%) | 0.44% | 0.43% | 0.45% | 0.57% | 0.62% | 0.70% | 0.75% | 0.94% |
| ███▄▄▃▃▁ | Efficiency Ratio (%) | 77.7% | 78.4% | 78.5% | 69.2% | 67.3% | 65.8% | 66.6% | 60.0% |
| ▆█▆▂▃▃▁▁ | Cost of Funds (%) | 2.27% | 2.41% | 2.26% | 2.01% | 2.05% | 2.06% | 1.97% | 1.91% |
| ▇██▄▄▁▂▂ | NPA / Assets (%) | 0.44% | 0.51% | 0.52% | 0.32% | 0.28% | 0.12% | 0.17% | 0.19% |
| ▇██▄▁▁▂▂ | Net Charge-Off Ratio (%) | 0.68% | 0.78% | 0.77% | 0.47% | 0.17% | 0.18% | 0.25% | 0.27% |
| ▁▃▂▃▃▆▇█ | Tang. Book Value ($M) | $106 | $115 | $112 | $113 | $113 | $124 | $128 | $132 |
| ▁▁▃▃▄▅▆█ | Gross Loans ($M) | $1,072 | $1,058 | $1,104 | $1,095 | $1,124 | $1,142 | $1,165 | $1,205 |
| ▁▂▄▆▃▆▂█ | Total Deposits ($M) | $1,333 | $1,352 | $1,373 | $1,395 | $1,361 | $1,396 | $1,350 | $1,423 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 11% |
| Agricultural | 14% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 15% |