Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.11% | -0.03 | 1.14% |
| Return on Equity (%) | ▼ | 11.80% | -0.66 | 12.46% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.21 | 3.98% |
| Efficiency Ratio (%) | ▼ | 66.29% | +4.62 | 61.67% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.29 | $3 |
| Cost of Funds (%) | ▼ | 1.90% | +0.00 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $831 | +151.79 | $679 |
| Gross Loans ($M) | ▲ | $655 | +109.63 | $546 |
| Loan Growth YoY (%) | ▼ | 91.38% | -5.50 | 96.87% |
| Total Deposits ($M) | ▲ | $710 | +152.26 | $557 |
| Shareholders Equity ($M) | ▲ | $79 | +15.90 | $63 |
| Tang. Book Value ($M) | ▲ | $72 | +11.18 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +11.31 | $64 |
| Loan / Deposit Ratio (%) | ▼ | 91.38% | -5.50 | 96.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.07 | 0.10% |
| Allowance / Loans (%) | — | 1.05% | -0.00% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.09 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.76% | -0.52 | 11.28% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇▇▄█ | Net Interest Margin (%) | 3.53% | 3.51% | 3.56% | 3.98% | 4.02% | 4.02% | 3.77% | 4.18% |
| ▁▁▃▇██▅▆ | Return on Assets (%) | 0.94% | 0.91% | 0.99% | 1.14% | 1.17% | 1.20% | 1.07% | 1.11% |
| ▅▆▅▂▁▁▁█ | Efficiency Ratio (%) | 63.6% | 64.6% | 63.9% | 61.7% | 60.5% | 60.4% | 60.8% | 66.3% |
| ▆█▇▁▁▂▁▁ | Cost of Funds (%) | 2.17% | 2.29% | 2.21% | 1.89% | 1.85% | 1.92% | 1.89% | 1.90% |
| ▃▁▅▁▅█▅▅ | NPA / Assets (%) | 0.13% | 0.10% | 0.16% | 0.10% | 0.17% | 0.22% | 0.16% | 0.16% |
| ▃▁▅▁▅█▅▅ | Net Charge-Off Ratio (%) | 0.17% | 0.13% | 0.20% | 0.12% | 0.21% | 0.27% | 0.20% | 0.21% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $54 | $57 | $58 | $61 | $63 | $66 | $70 | $72 |
| ▁▁▁▁▂▄██ | Gross Loans ($M) | $532 | $541 | $536 | $546 | $558 | $579 | $647 | $655 |
| ▁▁▁▁▂▂██ | Total Deposits ($M) | $543 | $549 | $548 | $557 | $581 | $582 | $694 | $710 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 11% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 8% |