Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.73% | +0.08 | 1.66% |
| Return on Equity (%) | ▼ | 20.29% | -0.14 | 20.43% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.37 | 3.75% |
| Efficiency Ratio (%) | ▲ | 50.73% | -4.24 | 54.97% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.11 | $4 |
| Cost of Funds (%) | ▲ | 1.74% | -0.14 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,092 | +67.56 | $1,024 |
| Gross Loans ($M) | ▲ | $899 | +127.06 | $772 |
| Loan Growth YoY (%) | ▲ | 104.97% | +8.99 | 95.98% |
| Total Deposits ($M) | ▲ | $846 | +51.44 | $794 |
| Shareholders Equity ($M) | ▲ | $94 | +10.80 | $83 |
| Tang. Book Value ($M) | ▲ | $94 | +10.80 | $83 |
| TBV excl. AOCI ($M)** | ▲ | $97 | +10.54 | $86 |
| Loan / Deposit Ratio (%) | ▲ | 104.97% | +8.99 | 95.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.50% | +1.44 | 0.06% |
| Allowance / Loans (%) | — | 1.31% | -0.00% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 1.83% | +1.74 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.68% | -0.73 | 11.41% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▂▄▇█ | Net Interest Margin (%) | 3.70% | 3.74% | 3.78% | 3.75% | 3.77% | 3.90% | 4.02% | 4.12% |
| ▁▄▂▃▃▆█▅ | Return on Assets (%) | 1.56% | 1.71% | 1.63% | 1.66% | 1.64% | 1.78% | 1.88% | 1.73% |
| ██▆▄▂▁▁▁ | Efficiency Ratio (%) | 62.0% | 60.6% | 58.1% | 55.0% | 52.5% | 51.8% | 51.3% | 50.7% |
| ▄▄▂▃█▁▁▁ | Cost of Funds (%) | 1.89% | 1.89% | 1.83% | 1.88% | 2.13% | 1.78% | 1.73% | 1.74% |
| ▁▁▁▁▁▂▁█ | NPA / Assets (%) | 0.13% | 0.14% | 0.02% | 0.06% | 0.06% | 0.21% | 0.12% | 1.50% |
| ▁▁▁▁▁▂▁█ | Net Charge-Off Ratio (%) | 0.16% | 0.16% | 0.03% | 0.08% | 0.07% | 0.25% | 0.15% | 1.83% |
| ▁▁▂▂▃▄▆█ | Tang. Book Value ($M) | $80 | $81 | $83 | $83 | $84 | $87 | $89 | $94 |
| ▁▂▁▂▄▆▇█ | Gross Loans ($M) | $744 | $766 | $759 | $772 | $809 | $856 | $875 | $899 |
| ▁▁▆▆▅▆▇█ | Total Deposits ($M) | $688 | $700 | $793 | $794 | $771 | $792 | $812 | $846 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 7% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 15% |