Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.21 | 1.21% |
| Return on Equity (%) | ▲ | 12.49% | +0.70 | 11.79% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.32 | 3.62% |
| Efficiency Ratio (%) | ▲ | 48.76% | -3.22 | 51.98% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.99 | $5 |
| Cost of Funds (%) | ▲ | 1.45% | -0.30 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,200 | +62.99 | $1,137 |
| Gross Loans ($M) | ▲ | $819 | +27.65 | $792 |
| Loan Growth YoY (%) | ▼ | 79.47% | -0.32 | 79.80% |
| Total Deposits ($M) | ▲ | $1,019 | +38.46 | $981 |
| Shareholders Equity ($M) | ▲ | $137 | +17.39 | $119 |
| Tang. Book Value ($M) | ▲ | $109 | +17.89 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $118 | +18.12 | $99 |
| Loan / Deposit Ratio (%) | ▼ | 79.47% | -0.32 | 79.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.22 | 0.09% |
| Allowance / Loans (%) | — | 1.16% | -0.01% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.29 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.34% | +1.34 | 13.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▇██ | Net Interest Margin (%) | 3.57% | 3.58% | 3.57% | 3.62% | 3.75% | 3.86% | 3.93% | 3.94% |
| ▁▂▁▂▅▇██ | Return on Assets (%) | 1.14% | 1.20% | 1.16% | 1.21% | 1.29% | 1.38% | 1.42% | 1.42% |
| █▆▅▄▃▁▁▁ | Efficiency Ratio (%) | 55.9% | 53.7% | 53.0% | 52.0% | 50.8% | 49.1% | 48.3% | 48.8% |
| ▇▆█▆▅▃▂▁ | Cost of Funds (%) | 1.81% | 1.76% | 1.87% | 1.74% | 1.67% | 1.60% | 1.54% | 1.45% |
| ▅▇▆▁▂▂▂█ | NPA / Assets (%) | 0.22% | 0.28% | 0.23% | 0.09% | 0.14% | 0.13% | 0.12% | 0.31% |
| ▄▇▆▁▂▂▁█ | Net Charge-Off Ratio (%) | 0.25% | 0.38% | 0.31% | 0.12% | 0.19% | 0.18% | 0.16% | 0.42% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $79 | $87 | $88 | $91 | $95 | $102 | $106 | $109 |
| ▁▁▄▁▄▇█▅ | Gross Loans ($M) | $789 | $793 | $812 | $792 | $814 | $837 | $845 | $819 |
| ▁▅▆▄▃▅▇█ | Total Deposits ($M) | $943 | $991 | $998 | $981 | $965 | $986 | $1,001 | $1,019 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 12% |
| Agricultural | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 12% |