Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.49% | +0.20 | 1.29% |
| Return on Equity (%) | ▲ | 14.44% | +0.59 | 13.85% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.28 | 3.36% |
| Efficiency Ratio (%) | ▲ | 49.35% | -2.57 | 51.92% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.05 | $5 |
| Cost of Funds (%) | ▲ | 2.13% | -0.12 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,235 | +74.06 | $1,161 |
| Gross Loans ($M) | ▲ | $877 | +78.67 | $798 |
| Loan Growth YoY (%) | ▲ | 96.79% | +10.76 | 86.03% |
| Total Deposits ($M) | ▼ | $895 | -21.72 | $917 |
| Shareholders Equity ($M) | ▲ | $129 | +19.86 | $109 |
| Tang. Book Value ($M) | ▲ | $123 | +19.93 | $103 |
| TBV excl. AOCI ($M)** | ▲ | $137 | +19.65 | $117 |
| Loan / Deposit Ratio (%) | ▲ | 96.79% | +10.76 | 86.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -2.83 | 3.02% |
| Allowance / Loans (%) | — | 1.20% | 0.02% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.26% | -4.13 | 4.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▂▃▄▅█ | Net Interest Margin (%) | 3.34% | 3.27% | 3.28% | 3.36% | 3.40% | 3.44% | 3.47% | 3.64% |
| ▃▁▁▃▅▅██ | Return on Assets (%) | 1.31% | 1.24% | 1.22% | 1.29% | 1.37% | 1.40% | 1.50% | 1.49% |
| ▄▆▇█▄▂▁▄ | Efficiency Ratio (%) | 49.4% | 50.5% | 51.1% | 51.9% | 49.5% | 48.5% | 47.5% | 49.4% |
| ▆█▆▂▁▃▃▁ | Cost of Funds (%) | 2.56% | 2.76% | 2.53% | 2.25% | 2.20% | 2.31% | 2.30% | 2.13% |
| ▁▆▅█▃▁▁▁ | NPA / Assets (%) | 0.35% | 2.04% | 1.86% | 3.02% | 1.08% | 0.41% | 0.18% | 0.18% |
| ▁▆▅█▃▁▁▁ | Net Charge-Off Ratio (%) | 0.52% | 3.04% | 2.72% | 4.39% | 1.52% | 0.59% | 0.26% | 0.26% |
| ▁▂▂▂▄▆██ | Tang. Book Value ($M) | $96 | $102 | $101 | $103 | $107 | $114 | $123 | $123 |
| ▁▁▁▁▆███ | Gross Loans ($M) | $791 | $794 | $794 | $798 | $851 | $869 | $875 | $877 |
| ▂▁▆█▆▄█▇ | Total Deposits ($M) | $839 | $824 | $888 | $917 | $883 | $870 | $917 | $895 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 8% |
| Agricultural | 19% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 16% |