Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.94% | +0.26 | 0.68% |
| Return on Equity (%) | ▲ | 13.25% | +2.48 | 10.77% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.25 | 3.27% |
| Efficiency Ratio (%) | ▲ | 68.43% | -3.80 | 72.23% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.91 | $3 |
| Cost of Funds (%) | ▼ | 1.56% | +0.01 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,237 | +104.03 | $1,133 |
| Gross Loans ($M) | ▲ | $905 | +137.23 | $768 |
| Loan Growth YoY (%) | ▲ | 80.76% | +6.67 | 74.09% |
| Total Deposits ($M) | ▲ | $1,110 | +84.20 | $1,026 |
| Shareholders Equity ($M) | ▲ | $87 | +14.21 | $73 |
| Tang. Book Value ($M) | ▲ | $84 | +14.26 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $97 | +13.42 | $84 |
| Loan / Deposit Ratio (%) | ▲ | 80.76% | +6.67 | 74.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.04 | 0.08% |
| Allowance / Loans (%) | — | 0.98% | -0.07% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.06 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.06% | -0.32 | 11.38% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 3.12% | 3.11% | 3.14% | 3.27% | 3.36% | 3.40% | 3.43% | 3.52% |
| ▄▄▅▁▃▅▆█ | Return on Assets (%) | 0.79% | 0.80% | 0.81% | 0.68% | 0.75% | 0.81% | 0.84% | 0.94% |
| ▅▄▄█▅▃▂▁ | Efficiency Ratio (%) | 70.4% | 70.2% | 69.9% | 72.2% | 70.6% | 69.8% | 69.3% | 68.4% |
| ▇█▇▁▁▃▃▁ | Cost of Funds (%) | 1.76% | 1.82% | 1.76% | 1.55% | 1.56% | 1.63% | 1.62% | 1.56% |
| ▇▇▆██▇▇▁ | NPA / Assets (%) | 0.08% | 0.08% | 0.07% | 0.08% | 0.09% | 0.08% | 0.08% | 0.04% |
| ▇█▆██▇▇▁ | Net Charge-Off Ratio (%) | 0.11% | 0.12% | 0.11% | 0.12% | 0.13% | 0.12% | 0.11% | 0.06% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $61 | $70 | $66 | $70 | $73 | $79 | $84 | $84 |
| ▁▁▁▁▃▅▇█ | Gross Loans ($M) | $760 | $769 | $764 | $768 | $814 | $835 | $873 | $905 |
| ▁▂▂▄▄▆▇█ | Total Deposits ($M) | $973 | $999 | $998 | $1,026 | $1,037 | $1,070 | $1,089 | $1,110 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Consumer | 14% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 8% |