Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.19 | 1.27% |
| Return on Equity (%) | ▲ | 14.31% | +0.93 | 13.38% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.40 | 3.09% |
| Efficiency Ratio (%) | ▲ | 54.72% | -0.93 | 55.66% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.73 | $4 |
| Cost of Funds (%) | ▲ | 2.02% | -0.07 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,113 | +44.13 | $1,069 |
| Gross Loans ($M) | ▲ | $883 | +75.46 | $808 |
| Loan Growth YoY (%) | ▲ | 90.20% | +1.71 | 88.49% |
| Total Deposits ($M) | ▲ | $970 | +65.68 | $904 |
| Shareholders Equity ($M) | ▲ | $114 | +12.52 | $102 |
| Tang. Book Value ($M) | ▲ | $98 | +11.59 | $87 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +10.76 | $94 |
| Loan / Deposit Ratio (%) | ▲ | 90.20% | +1.71 | 88.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.09 | 0.02% |
| Allowance / Loans (%) | — | 0.97% | 0.00% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.11 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.63% | +0.13 | 11.50% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 2.79% | 2.85% | 2.93% | 3.09% | 3.14% | 3.24% | 3.30% | 3.49% |
| ▁▂▃▆▆▇██ | Return on Assets (%) | 0.89% | 1.00% | 1.10% | 1.27% | 1.27% | 1.35% | 1.39% | 1.45% |
| █▆▅▁▂▁▁▁ | Efficiency Ratio (%) | 63.9% | 61.0% | 59.5% | 55.7% | 55.9% | 54.7% | 55.1% | 54.7% |
| ▇█▆▂▃▅▃▁ | Cost of Funds (%) | 2.41% | 2.47% | 2.31% | 2.09% | 2.15% | 2.30% | 2.14% | 2.02% |
| ▄▂▁▁████ | NPA / Assets (%) | 0.06% | 0.03% | 0.03% | 0.02% | 0.10% | 0.10% | 0.10% | 0.11% |
| ▄▂▁▁████ | Net Charge-Off Ratio (%) | 0.08% | 0.04% | 0.03% | 0.03% | 0.13% | 0.12% | 0.12% | 0.13% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $80 | $85 | $84 | $87 | $88 | $93 | $97 | $98 |
| ▁▃▄▃▆▆██ | Gross Loans ($M) | $763 | $795 | $816 | $808 | $848 | $852 | $886 | $883 |
| ▁▃▃▅▄▆██ | Total Deposits ($M) | $832 | $881 | $869 | $904 | $895 | $925 | $953 | $970 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 15% |
| Agricultural | 5% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 11% |