Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.25 | 0.65% |
| Return on Equity (%) | ▲ | 10.48% | +1.40 | 9.08% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.35 | 2.77% |
| Efficiency Ratio (%) | ▲ | 60.30% | -8.12 | 68.42% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.82 | $2 |
| Cost of Funds (%) | ▲ | 1.57% | -0.07 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $792 | +20.04 | $772 |
| Gross Loans ($M) | ▲ | $371 | +19.92 | $351 |
| Loan Growth YoY (%) | ▲ | 50.73% | +2.10 | 48.63% |
| Total Deposits ($M) | ▲ | $720 | +10.51 | $710 |
| Shareholders Equity ($M) | ▲ | $68 | +9.90 | $58 |
| Tang. Book Value ($M) | ▲ | $64 | +10.19 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $83 | +10.54 | $73 |
| Loan / Deposit Ratio (%) | ▲ | 50.73% | +2.10 | 48.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.43% | -0.08 | 0.51% |
| Allowance / Loans (%) | — | 1.50% | -0.17% | 1.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.92% | -0.21 | 1.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.63% | +0.16 | 19.46% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.63% | 2.65% | 2.67% | 2.77% | 2.84% | 2.92% | 2.97% | 3.13% |
| ▁▁▁▃▃▄▅█ | Return on Assets (%) | 0.54% | 0.58% | 0.59% | 0.65% | 0.66% | 0.71% | 0.72% | 0.90% |
| █▇▇▆▆▄▄▁ | Efficiency Ratio (%) | 73.1% | 71.4% | 71.3% | 68.4% | 68.5% | 65.4% | 65.6% | 60.3% |
| ▅▇▆▅▄█▃▁ | Cost of Funds (%) | 1.65% | 1.67% | 1.66% | 1.65% | 1.62% | 1.70% | 1.61% | 1.57% |
| ▁▅███▆▅▆ | NPA / Assets (%) | 0.20% | 0.37% | 0.50% | 0.51% | 0.52% | 0.40% | 0.38% | 0.43% |
| ▁▃▇██▅▅▆ | Net Charge-Off Ratio (%) | 0.41% | 0.66% | 0.98% | 1.12% | 1.13% | 0.86% | 0.82% | 0.92% |
| ▁▄▂▄▆███ | Tang. Book Value ($M) | $45 | $54 | $48 | $53 | $57 | $62 | $64 | $64 |
| ▃▃▁▁▇█▇▇ | Gross Loans ($M) | $359 | $359 | $352 | $351 | $371 | $376 | $373 | $371 |
| ▁▁▆▄█▇▃▆ | Total Deposits ($M) | $686 | $682 | $719 | $710 | $740 | $730 | $703 | $720 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 8% |
| Agricultural | 10% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 7% |