Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +0.41 | 0.98% |
| Return on Equity (%) | ▲ | 12.84% | +3.25 | 9.59% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.34 | 3.22% |
| Efficiency Ratio (%) | ▲ | 46.35% | -3.52 | 49.87% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.93 | $4 |
| Cost of Funds (%) | ▲ | 2.76% | -0.47 | 3.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,008 | +28.81 | $979 |
| Gross Loans ($M) | ▲ | $759 | +8.18 | $751 |
| Loan Growth YoY (%) | ▲ | 101.71% | +5.90 | 95.80% |
| Total Deposits ($M) | ▼ | $739 | -37.78 | $777 |
| Shareholders Equity ($M) | ▲ | $110 | +9.15 | $100 |
| Tang. Book Value ($M) | ▲ | $99 | +10.52 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +12.05 | $97 |
| Loan / Deposit Ratio (%) | ▲ | 101.71% | +5.90 | 95.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.25% | +0.23 | 0.03% |
| Allowance / Loans (%) | — | 0.97% | 0.09% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 0.28% | +0.25 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.94% | +0.05 | 11.89% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▅▅▅▆▆█ | Net Interest Margin (%) | 2.88% | 3.15% | 3.25% | 3.22% | 3.30% | 3.35% | 3.39% | 3.56% |
| ▁▁▁▃▄▆▇█ | Return on Assets (%) | 0.75% | 0.80% | 0.82% | 0.98% | 1.05% | 1.15% | 1.23% | 1.39% |
| ▄██▆▂▁▂▁ | Efficiency Ratio (%) | 48.9% | 51.8% | 51.7% | 49.9% | 46.9% | 46.0% | 46.9% | 46.4% |
| ▁██▆▆▅▄▂ | Cost of Funds (%) | 2.55% | 3.53% | 3.43% | 3.23% | 3.17% | 3.12% | 3.00% | 2.76% |
| ▃▃▁▁▇▇██ | NPA / Assets (%) | 0.10% | 0.10% | 0.02% | 0.03% | 0.21% | 0.21% | 0.26% | 0.25% |
| ▄▄▁▁████ | Net Charge-Off Ratio (%) | 0.14% | 0.14% | 0.03% | 0.03% | 0.27% | 0.27% | 0.27% | 0.28% |
| ▁▂▁▄▅▇▇█ | Tang. Book Value ($M) | $81 | $86 | $83 | $89 | $91 | $96 | $97 | $99 |
| ▁▂▅█▇███ | Gross Loans ($M) | $652 | $673 | $715 | $751 | $749 | $754 | $764 | $759 |
| ▁▁▃▇▇▇█▅ | Total Deposits ($M) | $641 | $650 | $691 | $777 | $776 | $760 | $798 | $739 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 14% |
| Agricultural | 21% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 26% |