Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.77% | +0.25 | 1.52% |
| Return on Equity (%) | ▲ | 17.80% | +0.96 | 16.84% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.46 | 3.48% |
| Efficiency Ratio (%) | ▲ | 48.74% | -2.64 | 51.38% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.15 | $6 |
| Cost of Funds (%) | ▲ | 1.27% | -0.27 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,261 | +23.32 | $1,237 |
| Gross Loans ($M) | ▲ | $895 | +56.86 | $838 |
| Loan Growth YoY (%) | ▲ | 79.82% | +4.40 | 75.42% |
| Total Deposits ($M) | ▲ | $1,111 | +9.41 | $1,101 |
| Shareholders Equity ($M) | ▲ | $127 | +13.85 | $113 |
| Tang. Book Value ($M) | ▲ | $124 | +13.88 | $110 |
| TBV excl. AOCI ($M)** | ▲ | $136 | +15.13 | $121 |
| Loan / Deposit Ratio (%) | ▲ | 79.82% | +4.40 | 75.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.35 | 0.05% |
| Allowance / Loans (%) | — | 0.93% | 0.04% | 0.89% |
| Net Charge-Off Ratio (%) | ▼ | 0.57% | +0.49 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.96% | +0.38 | 16.57% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▅█ | Net Interest Margin (%) | 3.42% | 3.44% | 3.47% | 3.48% | 3.56% | 3.64% | 3.72% | 3.94% |
| ▁▁▂▃▄▅▆█ | Return on Assets (%) | 1.40% | 1.42% | 1.46% | 1.52% | 1.56% | 1.61% | 1.63% | 1.77% |
| ██▇▄▃▃▂▁ | Efficiency Ratio (%) | 54.6% | 54.5% | 53.8% | 51.4% | 50.8% | 50.5% | 49.8% | 48.7% |
| ▆█▆▅▅▅▂▁ | Cost of Funds (%) | 1.65% | 1.80% | 1.66% | 1.54% | 1.57% | 1.57% | 1.36% | 1.27% |
| ▁▁▂▁▁▁██ | NPA / Assets (%) | 0.02% | 0.01% | 0.10% | 0.05% | 0.05% | 0.06% | 0.40% | 0.40% |
| ▁▁▃▁▁▂██ | Net Charge-Off Ratio (%) | 0.04% | 0.01% | 0.16% | 0.08% | 0.08% | 0.08% | 0.58% | 0.57% |
| ▁▂▂▃▄▇██ | Tang. Book Value ($M) | $102 | $107 | $106 | $110 | $113 | $120 | $123 | $124 |
| ▁▁▃▄▄▅██ | Gross Loans ($M) | $802 | $806 | $829 | $838 | $837 | $852 | $887 | $895 |
| ▃▁▃▄█▅▆▄ | Total Deposits ($M) | $1,089 | $1,061 | $1,098 | $1,101 | $1,162 | $1,123 | $1,127 | $1,111 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 10% |