Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.38 | 1.03% |
| Return on Equity (%) | ▲ | 13.62% | +2.69 | 10.93% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.34 | 3.05% |
| Efficiency Ratio (%) | ▲ | 46.13% | -7.11 | 53.24% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.91 | $5 |
| Cost of Funds (%) | ▲ | 2.34% | -0.24 | 2.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,436 | +59.99 | $1,376 |
| Gross Loans ($M) | ▲ | $1,055 | +60.74 | $995 |
| Loan Growth YoY (%) | ▲ | 91.19% | +4.24 | 86.95% |
| Total Deposits ($M) | ▲ | $1,142 | +12.16 | $1,130 |
| Shareholders Equity ($M) | ▲ | $151 | +18.26 | $132 |
| Tang. Book Value ($M) | ▲ | $150 | +18.29 | $132 |
| TBV excl. AOCI ($M)** | ▲ | $165 | +19.08 | $146 |
| Loan / Deposit Ratio (%) | ▲ | 91.19% | +4.24 | 86.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.65% | +0.22 | 0.43% |
| Allowance / Loans (%) | — | 1.35% | 0.09% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.89% | +0.31 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.91% | +0.56 | 12.36% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▆▆▆█ | Net Interest Margin (%) | 2.48% | 2.52% | 2.58% | 3.05% | 3.07% | 3.13% | 3.14% | 3.39% |
| ▁▁▁▄▅▅▆█ | Return on Assets (%) | 0.75% | 0.73% | 0.77% | 1.03% | 1.09% | 1.15% | 1.16% | 1.42% |
| █▇▇▄▄▃▄▁ | Efficiency Ratio (%) | 61.3% | 59.2% | 58.2% | 53.2% | 53.0% | 51.7% | 52.0% | 46.1% |
| ▇█▇▄▃▄▃▁ | Cost of Funds (%) | 2.81% | 2.91% | 2.82% | 2.59% | 2.55% | 2.59% | 2.54% | 2.34% |
| ▁▁▁▅▆▆▆█ | NPA / Assets (%) | 0.15% | 0.14% | 0.13% | 0.43% | 0.46% | 0.48% | 0.47% | 0.65% |
| ▁▁▁▅▆▆▆█ | Net Charge-Off Ratio (%) | 0.21% | 0.16% | 0.15% | 0.58% | 0.63% | 0.67% | 0.64% | 0.89% |
| ▁▂▂▄▄▆▇█ | Tang. Book Value ($M) | $120 | $128 | $126 | $132 | $135 | $141 | $146 | $150 |
| ▁▃▅▄▅▆▇█ | Gross Loans ($M) | $936 | $977 | $997 | $995 | $996 | $1,016 | $1,035 | $1,055 |
| ▁▂▅█▅███ | Total Deposits ($M) | $1,035 | $1,051 | $1,092 | $1,130 | $1,097 | $1,142 | $1,143 | $1,142 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 15% |
| Agricultural | 18% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 18% |