Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.28 | 1.36% |
| Return on Equity (%) | ▲ | 10.90% | +1.14 | 9.76% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.35 | 3.69% |
| Efficiency Ratio (%) | ▲ | 47.08% | -8.87 | 55.95% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.07 | $3 |
| Cost of Funds (%) | ▲ | 0.99% | -0.00 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $665 | +40.35 | $624 |
| Gross Loans ($M) | ▲ | $401 | +35.93 | $365 |
| Loan Growth YoY (%) | ▲ | 71.30% | +3.08 | 68.22% |
| Total Deposits ($M) | ▲ | $552 | +27.28 | $525 |
| Shareholders Equity ($M) | ▲ | $102 | +12.81 | $89 |
| Tang. Book Value ($M) | ▲ | $102 | +12.81 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $110 | +10.30 | $100 |
| Loan / Deposit Ratio (%) | ▲ | 71.30% | +3.08 | 68.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.36 | 0.06% |
| Allowance / Loans (%) | — | 1.68% | -0.08% | 1.76% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.60 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.92% | +0.70 | 22.21% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇▇██ | Net Interest Margin (%) | 2.76% | 2.79% | 3.24% | 3.69% | 3.73% | 3.83% | 3.89% | 4.04% |
| ▁▁▄▇▇▇██ | Return on Assets (%) | 0.26% | 0.35% | 0.86% | 1.36% | 1.43% | 1.46% | 1.49% | 1.64% |
| ██▆▄▃▃▃▁ | Efficiency Ratio (%) | 70.3% | 70.3% | 62.1% | 55.9% | 55.1% | 53.5% | 52.9% | 47.1% |
| █▆▂▁▁▂▁▁ | Cost of Funds (%) | 1.79% | 1.49% | 1.18% | 1.00% | 1.03% | 1.09% | 0.99% | 0.99% |
| ██▁▁▁▃▃▂ | NPA / Assets (%) | 1.51% | 1.61% | 0.22% | 0.06% | 0.19% | 0.59% | 0.48% | 0.42% |
| ██▁▁▁▃▃▂ | Net Charge-Off Ratio (%) | 2.82% | 2.86% | 0.37% | 0.09% | 0.30% | 0.91% | 0.79% | 0.70% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $76 | $82 | $85 | $89 | $92 | $95 | $99 | $102 |
| ▁▃▃▃▆███ | Gross Loans ($M) | $348 | $365 | $363 | $365 | $390 | $407 | $402 | $401 |
| ▁▁▅▄▃▄██ | Total Deposits ($M) | $494 | $502 | $527 | $525 | $516 | $519 | $559 | $552 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 20% |
| Agricultural | 24% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 9% |