Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.53% | +0.20 | 1.33% |
| Return on Equity (%) | ▲ | 17.50% | +1.43 | 16.07% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.26 | 3.39% |
| Efficiency Ratio (%) | ▲ | 48.08% | -6.96 | 55.03% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.00 | $6 |
| Cost of Funds (%) | ▲ | 2.07% | -0.19 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,575 | +74.85 | $1,500 |
| Gross Loans ($M) | ▲ | $1,265 | +58.19 | $1,206 |
| Loan Growth YoY (%) | ▲ | 87.45% | +0.67 | 86.78% |
| Total Deposits ($M) | ▲ | $1,425 | +54.32 | $1,371 |
| Shareholders Equity ($M) | ▲ | $143 | +19.56 | $123 |
| Tang. Book Value ($M) | ▲ | $130 | +19.59 | $111 |
| TBV excl. AOCI ($M)** | ▲ | $136 | +20.29 | $115 |
| Loan / Deposit Ratio (%) | ▲ | 87.45% | +0.67 | 86.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.12 | 0.21% |
| Allowance / Loans (%) | — | 1.45% | 0.05% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.38% | +0.12 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.31% | +0.53 | 9.78% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▄▇███ | Net Interest Margin (%) | 3.30% | 3.21% | 3.26% | 3.39% | 3.58% | 3.60% | 3.64% | 3.65% |
| ▁▂▂▆▇▇▆█ | Return on Assets (%) | 0.80% | 0.91% | 0.97% | 1.33% | 1.41% | 1.42% | 1.32% | 1.53% |
| ███▃▃▂▃▁ | Efficiency Ratio (%) | 67.0% | 65.1% | 64.7% | 55.0% | 53.8% | 52.6% | 53.2% | 48.1% |
| ███▃▅▃▂▁ | Cost of Funds (%) | 2.72% | 2.72% | 2.67% | 2.26% | 2.42% | 2.25% | 2.20% | 2.07% |
| ▁▂▁▂▄▃▅█ | NPA / Assets (%) | 0.17% | 0.20% | 0.18% | 0.21% | 0.23% | 0.23% | 0.26% | 0.33% |
| ▁▃▁▃▄▄▆█ | Net Charge-Off Ratio (%) | 0.20% | 0.25% | 0.21% | 0.26% | 0.29% | 0.29% | 0.32% | 0.38% |
| ▁▂▃▃▃▅▆█ | Tang. Book Value ($M) | $103 | $108 | $111 | $111 | $112 | $117 | $122 | $130 |
| ▆▇▄▁▁▃██ | Gross Loans ($M) | $1,252 | $1,257 | $1,239 | $1,206 | $1,209 | $1,227 | $1,273 | $1,265 |
| ▁▅▁▄▃██▇ | Total Deposits ($M) | $1,315 | $1,395 | $1,318 | $1,371 | $1,351 | $1,446 | $1,459 | $1,425 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 18% |