Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.58 | 0.81% |
| Return on Equity (%) | ▲ | 14.10% | +4.41 | 9.69% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.46 | 3.12% |
| Efficiency Ratio (%) | ▲ | 60.54% | -11.10 | 71.64% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.45 | $2 |
| Cost of Funds (%) | ▲ | 1.43% | -0.13 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $973 | +62.65 | $911 |
| Gross Loans ($M) | ▲ | $638 | +65.26 | $572 |
| Loan Growth YoY (%) | ▲ | 79.33% | +8.55 | 70.78% |
| Total Deposits ($M) | ▼ | $792 | -3.40 | $795 |
| Shareholders Equity ($M) | ▲ | $96 | +17.98 | $78 |
| Tang. Book Value ($M) | ▲ | $91 | +18.19 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +18.20 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 79.33% | +8.55 | 70.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.06 | 0.08% |
| Allowance / Loans (%) | — | 1.45% | -0.18% | 1.63% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.08 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.84% | -0.57 | 16.41% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▇█ | Net Interest Margin (%) | 2.76% | 2.79% | 2.85% | 3.12% | 3.28% | 3.37% | 3.43% | 3.58% |
| ▁▁▁▂▅▅▇█ | Return on Assets (%) | 0.64% | 0.66% | 0.72% | 0.81% | 1.04% | 1.10% | 1.21% | 1.40% |
| ███▅▄▃▂▁ | Efficiency Ratio (%) | 78.3% | 77.9% | 76.2% | 71.6% | 67.7% | 65.8% | 63.8% | 60.5% |
| ▆█▇▄▂▁▁▁ | Cost of Funds (%) | 1.63% | 1.77% | 1.71% | 1.56% | 1.47% | 1.41% | 1.39% | 1.43% |
| ▃▃▁▁▂█▇▄ | NPA / Assets (%) | 0.13% | 0.12% | 0.08% | 0.08% | 0.10% | 0.21% | 0.18% | 0.14% |
| ▃▃▁▁▂█▆▄ | Net Charge-Off Ratio (%) | 0.20% | 0.21% | 0.13% | 0.14% | 0.16% | 0.34% | 0.28% | 0.22% |
| ▁▂▁▂▄▆██ | Tang. Book Value ($M) | $70 | $74 | $68 | $73 | $79 | $85 | $91 | $91 |
| ▁▁▁▂▂▃▆█ | Gross Loans ($M) | $562 | $557 | $554 | $572 | $571 | $584 | $616 | $638 |
| ▁▃▅██▅▅█ | Total Deposits ($M) | $753 | $768 | $778 | $795 | $797 | $778 | $779 | $792 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 12% |
| Agricultural | 10% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 8% |