Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.60 | 1.08% |
| Return on Equity (%) | ▲ | 12.49% | +4.40 | 8.09% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.58 | 2.91% |
| Efficiency Ratio (%) | ▲ | 52.92% | -13.32 | 66.24% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.17 | $3 |
| Cost of Funds (%) | ▲ | 1.72% | -0.11 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,129 | +83.10 | $1,046 |
| Gross Loans ($M) | ▲ | $846 | +68.03 | $778 |
| Loan Growth YoY (%) | ▲ | 89.60% | +0.07 | 89.53% |
| Total Deposits ($M) | ▲ | $933 | +74.92 | $858 |
| Shareholders Equity ($M) | ▲ | $152 | +11.60 | $140 |
| Tang. Book Value ($M) | ▲ | $151 | +11.60 | $139 |
| TBV excl. AOCI ($M)** | ▲ | $162 | +12.87 | $149 |
| Loan / Deposit Ratio (%) | ▲ | 89.60% | +0.07 | 89.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.02 | 0.19% |
| Allowance / Loans (%) | — | 1.14% | -0.06% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.23% | -0.01 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.44% | 2.50% | 2.56% | 2.91% | 3.07% | 3.16% | 3.26% | 3.50% |
| ▁▁▂▄▆▇▇█ | Return on Assets (%) | 0.66% | 0.77% | 0.89% | 1.08% | 1.33% | 1.44% | 1.53% | 1.69% |
| █▇▆▆▃▂▁▁ | Efficiency Ratio (%) | 73.2% | 70.6% | 67.8% | 66.2% | 60.3% | 57.6% | 55.4% | 52.9% |
| ▇█▇▃▃▃▄▁ | Cost of Funds (%) | 2.06% | 2.14% | 2.04% | 1.83% | 1.88% | 1.87% | 1.88% | 1.72% |
| ▁▁█▇▆▇▅▆ | NPA / Assets (%) | 0.00% | 0.02% | 0.24% | 0.19% | 0.16% | 0.19% | 0.12% | 0.17% |
| ▁▁█▇▆▇▅▆ | Net Charge-Off Ratio (%) | 0.00% | 0.02% | 0.30% | 0.23% | 0.22% | 0.25% | 0.16% | 0.23% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $132 | $138 | $138 | $139 | $142 | $148 | $150 | $151 |
| ▂▂▂▁▄▅██ | Gross Loans ($M) | $786 | $792 | $790 | $778 | $807 | $815 | $847 | $846 |
| ▃▁▂▃▅▅▇█ | Total Deposits ($M) | $853 | $823 | $850 | $858 | $881 | $886 | $911 | $933 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Agricultural | 4% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 7% |