Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.60 | 0.53% |
| Return on Equity (%) | ▲ | 12.82% | +6.53 | 6.29% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.49 | 3.31% |
| Efficiency Ratio (%) | ▲ | 65.03% | -14.59 | 79.62% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.99 | $2 |
| Cost of Funds (%) | ▲ | 1.92% | -0.18 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,063 | +67.98 | $995 |
| Gross Loans ($M) | ▲ | $906 | +81.86 | $824 |
| Loan Growth YoY (%) | ▲ | 97.56% | +5.39 | 92.17% |
| Total Deposits ($M) | ▲ | $916 | +32.90 | $883 |
| Shareholders Equity ($M) | ▲ | $94 | +9.62 | $84 |
| Tang. Book Value ($M) | ▲ | $87 | +9.91 | $77 |
| TBV excl. AOCI ($M)** | ▲ | $92 | +9.89 | $82 |
| Loan / Deposit Ratio (%) | ▲ | 97.56% | +5.39 | 92.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.88% | +0.64 | 1.24% |
| Allowance / Loans (%) | — | 1.39% | 0.12% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 2.06% | +0.58 | 1.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.22% | -0.09 | 10.31% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 2.97% | 3.03% | 3.07% | 3.31% | 3.51% | 3.60% | 3.69% | 3.80% |
| ▁▂▁▃▄▅▇█ | Return on Assets (%) | 0.32% | 0.46% | 0.30% | 0.53% | 0.69% | 0.78% | 0.96% | 1.13% |
| █▇█▆▅▄▃▁ | Efficiency Ratio (%) | 84.1% | 81.3% | 85.4% | 79.6% | 75.4% | 73.7% | 70.7% | 65.0% |
| ██▇▃▃▃▁▁ | Cost of Funds (%) | 2.40% | 2.38% | 2.32% | 2.10% | 2.06% | 2.05% | 1.98% | 1.92% |
| ▁▃▅▄▄███ | NPA / Assets (%) | 0.72% | 1.16% | 1.34% | 1.24% | 1.24% | 1.94% | 1.83% | 1.88% |
| ▁▄▅▅▄███ | Net Charge-Off Ratio (%) | 0.66% | 1.38% | 1.59% | 1.48% | 1.35% | 2.18% | 2.00% | 2.06% |
| ▁▄▂▄▄▆██ | Tang. Book Value ($M) | $70 | $77 | $74 | $77 | $78 | $82 | $85 | $87 |
| ▁▁▁▂▅▇██ | Gross Loans ($M) | $803 | $798 | $801 | $824 | $853 | $880 | $902 | $906 |
| ▁▂▃▅▆▆██ | Total Deposits ($M) | $848 | $858 | $866 | $883 | $893 | $894 | $913 | $916 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 14% |
| Agricultural | 14% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 13% |