Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.47 | 1.05% |
| Return on Equity (%) | ▲ | 20.21% | +4.31 | 15.90% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.29 | 3.99% |
| Efficiency Ratio (%) | ▲ | 61.92% | -9.42 | 71.35% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.25 | $2 |
| Cost of Funds (%) | ▲ | 1.89% | -0.26 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $844 | +40.32 | $804 |
| Gross Loans ($M) | ▲ | $608 | +48.42 | $560 |
| Loan Growth YoY (%) | ▲ | 86.40% | +9.76 | 76.65% |
| Total Deposits ($M) | ▼ | $690 | -25.99 | $716 |
| Shareholders Equity ($M) | ▲ | $64 | +10.28 | $54 |
| Tang. Book Value ($M) | ▲ | $63 | +10.92 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +10.42 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 86.40% | +9.76 | 76.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.22 | 0.40% |
| Allowance / Loans (%) | — | 1.91% | 0.01% | 1.90% |
| Net Charge-Off Ratio (%) | ▼ | 0.82% | +0.25 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.10% | +0.42 | 11.68% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆████ | Net Interest Margin (%) | 3.41% | 3.50% | 3.58% | 3.99% | 4.28% | 4.30% | 4.32% | 4.28% |
| ▁▂▃▄▇▇▇█ | Return on Assets (%) | 0.59% | 0.75% | 0.84% | 1.05% | 1.35% | 1.37% | 1.35% | 1.52% |
| █▇▆▅▃▃▂▁ | Efficiency Ratio (%) | 77.9% | 74.9% | 73.8% | 71.3% | 67.6% | 66.3% | 65.7% | 61.9% |
| ███▄▂▃▂▁ | Cost of Funds (%) | 2.41% | 2.39% | 2.35% | 2.15% | 2.00% | 2.02% | 1.98% | 1.89% |
| ▁▁▃▂▂█▃▅ | NPA / Assets (%) | 0.25% | 0.33% | 0.45% | 0.40% | 0.35% | 0.92% | 0.46% | 0.62% |
| ▁▂▃▂▂█▃▄ | Net Charge-Off Ratio (%) | 0.37% | 0.49% | 0.65% | 0.57% | 0.50% | 1.31% | 0.63% | 0.82% |
| ▁▄▁▂▃▇██ | Tang. Book Value ($M) | $49 | $56 | $50 | $52 | $54 | $60 | $62 | $63 |
| ▁▁▂▃▄▆██ | Gross Loans ($M) | $540 | $537 | $548 | $560 | $565 | $584 | $603 | $608 |
| ▁▅▇███▇▆ | Total Deposits ($M) | $632 | $683 | $700 | $716 | $713 | $709 | $701 | $690 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 8% |
| Agricultural | 3% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 9% |