Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.26 | 1.07% |
| Return on Equity (%) | ▲ | 11.64% | +2.21 | 9.43% |
| Net Interest Margin (%) | ▲ | 3.42% | +0.12 | 3.30% |
| Efficiency Ratio (%) | ▲ | 58.76% | -1.26 | 60.02% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.96 | $5 |
| Cost of Funds (%) | ▲ | 1.88% | -0.18 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,740 | +163.11 | $1,577 |
| Gross Loans ($M) | ▲ | $1,317 | +120.46 | $1,197 |
| Loan Growth YoY (%) | ▲ | 99.37% | +3.75 | 95.62% |
| Total Deposits ($M) | ▲ | $1,313 | +74.91 | $1,238 |
| Shareholders Equity ($M) | ▲ | $200 | +22.80 | $178 |
| Tang. Book Value ($M) | ▲ | $191 | +23.53 | $167 |
| TBV excl. AOCI ($M)** | ▲ | $205 | +23.98 | $181 |
| Loan / Deposit Ratio (%) | ▲ | 99.37% | +3.75 | 95.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.30 | 0.45% |
| Allowance / Loans (%) | — | 0.95% | -0.13% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.40 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.80% | -0.23 | 12.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▂▅▆██ | Net Interest Margin (%) | 3.27% | 3.30% | 3.31% | 3.30% | 3.36% | 3.38% | 3.41% | 3.42% |
| ▆██▁▄▆▅█ | Return on Assets (%) | 1.25% | 1.33% | 1.32% | 1.07% | 1.19% | 1.26% | 1.21% | 1.33% |
| █▄▄▄▅▄▇▁ | Efficiency Ratio (%) | 62.0% | 60.0% | 60.1% | 60.0% | 60.4% | 60.3% | 61.3% | 58.8% |
| ▇█▆▃▄▃▄▁ | Cost of Funds (%) | 2.31% | 2.44% | 2.25% | 2.06% | 2.12% | 2.08% | 2.14% | 1.88% |
| ▃▂▂█▆▁▂▃ | NPA / Assets (%) | 0.12% | 0.12% | 0.08% | 0.45% | 0.34% | 0.01% | 0.12% | 0.15% |
| ▂▂▁█▇▁▂▃ | Net Charge-Off Ratio (%) | 0.13% | 0.12% | 0.07% | 0.59% | 0.45% | 0.01% | 0.15% | 0.19% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $151 | $160 | $162 | $167 | $172 | $180 | $185 | $191 |
| ▁▁▁▂▃▆▇█ | Gross Loans ($M) | $1,163 | $1,162 | $1,159 | $1,197 | $1,207 | $1,269 | $1,281 | $1,317 |
| ▁▅▄▃▅▆█▇ | Total Deposits ($M) | $1,189 | $1,269 | $1,257 | $1,238 | $1,272 | $1,296 | $1,342 | $1,313 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 22% |