Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +0.29 | 1.65% |
| Return on Equity (%) | ▲ | 18.15% | +0.65 | 17.50% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.26 | 2.89% |
| Efficiency Ratio (%) | ▲ | 39.62% | -4.95 | 44.57% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.46 | $6 |
| Cost of Funds (%) | ▲ | 2.67% | -0.28 | 2.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,559 | +67.57 | $1,492 |
| Gross Loans ($M) | ▲ | $1,074 | +37.99 | $1,036 |
| Loan Growth YoY (%) | ▲ | 87.60% | +0.16 | 87.44% |
| Total Deposits ($M) | ▲ | $1,209 | +41.61 | $1,168 |
| Shareholders Equity ($M) | ▲ | $164 | +25.98 | $138 |
| Tang. Book Value ($M) | ▲ | $161 | +25.98 | $135 |
| TBV excl. AOCI ($M)** | ▲ | $181 | +27.20 | $154 |
| Loan / Deposit Ratio (%) | ▲ | 87.60% | +0.16 | 87.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.46% | +1.56 | 0.90% |
| Allowance / Loans (%) | — | 1.35% | -0.08% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 3.51% | +2.23 | 1.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▇█ | Net Interest Margin (%) | 2.69% | 2.67% | 2.67% | 2.89% | 2.99% | 3.02% | 3.08% | 3.15% |
| ▇▃▁▂▄▅▆█ | Return on Assets (%) | 1.86% | 1.68% | 1.59% | 1.65% | 1.75% | 1.77% | 1.83% | 1.94% |
| ███▅▃▃▂▁ | Efficiency Ratio (%) | 47.4% | 47.0% | 47.7% | 44.6% | 42.6% | 42.1% | 41.1% | 39.6% |
| ▆██▆▅▅▁▂ | Cost of Funds (%) | 3.01% | 3.18% | 3.10% | 2.96% | 2.91% | 2.89% | 2.51% | 2.67% |
| ▁▁▁▃▃▄▃█ | NPA / Assets (%) | 0.45% | 0.51% | 0.35% | 0.90% | 0.92% | 1.24% | 1.06% | 2.46% |
| ▁▁▁▃▃▄▃█ | Net Charge-Off Ratio (%) | 0.61% | 0.71% | 0.50% | 1.28% | 1.31% | 1.71% | 1.48% | 3.51% |
| ▁▁▂▁▂▅█▇ | Tang. Book Value ($M) | $134 | $137 | $139 | $135 | $140 | $155 | $167 | $161 |
| ▁▁▁▃█▇██ | Gross Loans ($M) | $1,020 | $1,026 | $1,026 | $1,036 | $1,073 | $1,073 | $1,080 | $1,074 |
| ▁▄█▄▇▇▇█ | Total Deposits ($M) | $1,138 | $1,172 | $1,204 | $1,168 | $1,193 | $1,193 | $1,199 | $1,209 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 5% |
| Agricultural | 8% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 26% |