Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.98% | +0.18 | 0.81% |
| Return on Equity (%) | ▲ | 10.41% | +1.87 | 8.54% |
| Net Interest Margin (%) | ▲ | 1.82% | +0.12 | 1.70% |
| Efficiency Ratio (%) | ▲ | 47.67% | -4.64 | 52.31% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.18 | $4 |
| Cost of Funds (%) | ▼ | 2.76% | +0.25 | 2.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,198 | +108.05 | $2,090 |
| Gross Loans ($M) | ▲ | $1,801 | +135.04 | $1,666 |
| Loan Growth YoY (%) | ▲ | 94.10% | +3.33 | 90.77% |
| Total Deposits ($M) | ▲ | $1,895 | +79.27 | $1,815 |
| Shareholders Equity ($M) | ▲ | $208 | +10.12 | $198 |
| Tang. Book Value ($M) | ▲ | $201 | +10.44 | $191 |
| TBV excl. AOCI ($M)** | ▲ | $217 | +10.13 | $207 |
| Loan / Deposit Ratio (%) | ▲ | 94.10% | +3.33 | 90.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.01% |
| Allowance / Loans (%) | — | 1.01% | -0.08% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▅▁▂▁▁█ | Net Interest Margin (%) | 1.83% | 1.79% | 1.77% | 1.70% | 1.72% | 1.69% | 1.70% | 1.82% |
| ▅▇▇▂▂▁▁█ | Return on Assets (%) | 0.90% | 0.94% | 0.93% | 0.81% | 0.81% | 0.81% | 0.78% | 0.98% |
| ▁▁▂████▁ | Efficiency Ratio (%) | 47.9% | 47.8% | 48.8% | 52.3% | 52.1% | 52.1% | 51.8% | 47.7% |
| ▁▃▄▄▅███ | Cost of Funds (%) | 2.31% | 2.46% | 2.50% | 2.51% | 2.59% | 2.77% | 2.81% | 2.76% |
| ▃▁▁▂▇██▄ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.01% | 0.02% | 0.03% | 0.03% | 0.01% |
| ▃▁▁▂▇██▄ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.00% | 0.01% | 0.03% | 0.03% | 0.03% | 0.02% |
| ▁▅▄▅▅███ | Tang. Book Value ($M) | $178 | $191 | $188 | $191 | $193 | $202 | $201 | $201 |
| ▁▁▁▂▄▆██ | Gross Loans ($M) | $1,631 | $1,645 | $1,651 | $1,666 | $1,715 | $1,750 | $1,794 | $1,801 |
| ▁▁▃▄▂▄▆█ | Total Deposits ($M) | $1,753 | $1,747 | $1,785 | $1,815 | $1,772 | $1,819 | $1,850 | $1,895 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 1% |
| Agricultural | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 38% |