Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.40 | 1.20% |
| Return on Equity (%) | ▲ | 17.18% | +3.19 | 13.99% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.46 | 3.29% |
| Efficiency Ratio (%) | ▲ | 54.16% | -7.13 | 61.29% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.32 | $3 |
| Cost of Funds (%) | ▲ | 1.88% | -0.12 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,021 | +51.00 | $970 |
| Gross Loans ($M) | ▲ | $743 | +58.05 | $685 |
| Loan Growth YoY (%) | ▲ | 89.00% | +4.75 | 84.26% |
| Total Deposits ($M) | ▲ | $823 | +21.41 | $801 |
| Shareholders Equity ($M) | ▲ | $95 | +10.49 | $84 |
| Tang. Book Value ($M) | ▲ | $87 | +10.78 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $98 | +11.19 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 89.00% | +4.75 | 84.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.16% | +1.01 | 0.16% |
| Allowance / Loans (%) | — | 1.45% | 0.02% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 1.54% | +1.38 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.71% | -0.08 | 11.79% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 2.81% | 2.84% | 2.93% | 3.29% | 3.40% | 3.49% | 3.57% | 3.75% |
| ▁▁▁▅▅▆▇█ | Return on Assets (%) | 0.85% | 0.79% | 0.87% | 1.20% | 1.28% | 1.35% | 1.41% | 1.60% |
| ███▅▃▃▃▁ | Efficiency Ratio (%) | 67.0% | 67.1% | 67.2% | 61.3% | 58.3% | 57.9% | 57.7% | 54.2% |
| ▆█▇▄▃▅▂▁ | Cost of Funds (%) | 2.08% | 2.19% | 2.13% | 2.00% | 1.98% | 2.03% | 1.94% | 1.88% |
| ▁▁▁▁▆███ | NPA / Assets (%) | 0.26% | 0.26% | 0.18% | 0.16% | 0.90% | 1.21% | 1.13% | 1.16% |
| ▂▂▁▁▆███ | Net Charge-Off Ratio (%) | 0.37% | 0.37% | 0.19% | 0.16% | 1.19% | 1.61% | 1.52% | 1.54% |
| ▁▄▃▄▅▆██ | Tang. Book Value ($M) | $67 | $76 | $73 | $76 | $80 | $83 | $89 | $87 |
| ▁▁▂▃▅▆██ | Gross Loans ($M) | $654 | $661 | $669 | $685 | $701 | $711 | $735 | $743 |
| ▁▃▄▆▆▆█▇ | Total Deposits ($M) | $730 | $765 | $782 | $801 | $807 | $809 | $838 | $823 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 18% |
| Agricultural | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 12% |