Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.15 | 0.98% |
| Return on Equity (%) | ▼ | 11.92% | -1.73 | 13.65% |
| Net Interest Margin (%) | ▲ | 4.33% | +0.64 | 3.69% |
| Efficiency Ratio (%) | ▲ | 67.28% | -1.53 | 68.81% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.82 | $4 |
| Cost of Funds (%) | ▲ | 1.18% | -0.20 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,272 | +18.84 | $1,253 |
| Gross Loans ($M) | ▲ | $870 | +53.35 | $817 |
| Loan Growth YoY (%) | ▲ | 76.06% | +4.53 | 71.53% |
| Total Deposits ($M) | ▲ | $1,133 | +1.30 | $1,131 |
| Shareholders Equity ($M) | ▲ | $120 | +27.14 | $92 |
| Tang. Book Value ($M) | ▲ | $109 | +27.30 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $123 | +27.92 | $95 |
| Loan / Deposit Ratio (%) | ▲ | 76.06% | +4.53 | 71.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.12 | 0.21% |
| Allowance / Loans (%) | — | 1.03% | 0.07% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.16 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.95% | -0.33 | 13.29% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▆█ | Net Interest Margin (%) | 3.50% | 3.53% | 3.58% | 3.69% | 3.80% | 3.91% | 4.03% | 4.33% |
| ▁▁▁▃▅█▆▇ | Return on Assets (%) | 0.88% | 0.91% | 0.91% | 0.98% | 1.04% | 1.19% | 1.09% | 1.13% |
| ████▇▁▃█ | Efficiency Ratio (%) | 69.0% | 69.3% | 68.7% | 68.8% | 66.4% | 50.9% | 56.0% | 67.3% |
| ██▅▅▅▇▃▁ | Cost of Funds (%) | 1.56% | 1.58% | 1.41% | 1.38% | 1.40% | 1.48% | 1.33% | 1.18% |
| ▁▁▁▄▃███ | NPA / Assets (%) | 0.10% | 0.12% | 0.12% | 0.21% | 0.18% | 0.33% | 0.32% | 0.34% |
| ▁▁▁▅▃███ | Net Charge-Off Ratio (%) | 0.15% | 0.19% | 0.18% | 0.33% | 0.26% | 0.47% | 0.46% | 0.49% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $68 | $80 | $75 | $81 | $86 | $102 | $108 | $109 |
| ▁▁▂▄▆█▇█ | Gross Loans ($M) | $782 | $789 | $801 | $817 | $841 | $865 | $858 | $870 |
| ▂▇▃█▃▄▁█ | Total Deposits ($M) | $1,050 | $1,113 | $1,067 | $1,131 | $1,066 | $1,073 | $1,035 | $1,133 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Agricultural | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 7% |