Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.90% | +0.57 | 1.33% |
| Return on Equity (%) | ▲ | 19.86% | +5.04 | 14.82% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.26 | 3.48% |
| Efficiency Ratio (%) | ▲ | 49.31% | -4.75 | 54.06% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.55 | $5 |
| Cost of Funds (%) | ▲ | 1.74% | -0.05 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,291 | +81.93 | $1,209 |
| Gross Loans ($M) | ▲ | $849 | +56.02 | $793 |
| Loan Growth YoY (%) | ▲ | 72.23% | +0.41 | 71.82% |
| Total Deposits ($M) | ▲ | $1,164 | +69.24 | $1,095 |
| Shareholders Equity ($M) | ▲ | $124 | +12.96 | $111 |
| Tang. Book Value ($M) | ▲ | $121 | +14.31 | $106 |
| TBV excl. AOCI ($M)** | ▲ | $140 | +17.56 | $122 |
| Loan / Deposit Ratio (%) | ▲ | 72.23% | +0.41 | 71.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.02 | 0.19% |
| Allowance / Loans (%) | — | 1.02% | 0.13% | 0.89% |
| Net Charge-Off Ratio (%) | ▼ | 0.33% | +0.16 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.01% | +0.29 | 13.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▆▇██ | Net Interest Margin (%) | 3.37% | 3.39% | 3.43% | 3.48% | 3.63% | 3.65% | 3.71% | 3.74% |
| ▂▁▁▂▃▄▅█ | Return on Assets (%) | 1.29% | 1.20% | 1.26% | 1.33% | 1.43% | 1.49% | 1.63% | 1.90% |
| ███▅▄▃▁▁ | Efficiency Ratio (%) | 58.1% | 57.4% | 57.6% | 54.1% | 53.4% | 52.2% | 50.0% | 49.3% |
| █▂▂▁▂▂▂▁ | Cost of Funds (%) | 2.34% | 1.89% | 1.87% | 1.79% | 1.84% | 1.82% | 1.81% | 1.74% |
| ▅██▄▁▄▄▄ | NPA / Assets (%) | 0.26% | 0.40% | 0.38% | 0.19% | 0.06% | 0.23% | 0.20% | 0.22% |
| ▄██▃▁▇▆▆ | Net Charge-Off Ratio (%) | 0.23% | 0.43% | 0.43% | 0.17% | 0.05% | 0.36% | 0.31% | 0.33% |
| ▁▂▂▄▅▅██ | Tang. Book Value ($M) | $95 | $99 | $99 | $106 | $111 | $111 | $119 | $121 |
| ██▃▁▅▆██ | Gross Loans ($M) | $847 | $845 | $809 | $793 | $823 | $830 | $846 | $849 |
| ▁▁▃▄▄███ | Total Deposits ($M) | $1,036 | $1,047 | $1,074 | $1,095 | $1,095 | $1,177 | $1,162 | $1,164 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 13% |
| Agricultural | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 9% |