Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.32 | 0.35% |
| Return on Equity (%) | ▲ | 8.17% | +3.25 | 4.92% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.51 | 2.95% |
| Efficiency Ratio (%) | ▲ | 73.11% | -12.15 | 85.27% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.44 | $1 |
| Cost of Funds (%) | ▲ | 0.77% | -0.17 | 0.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,115 | -14.47 | $1,130 |
| Gross Loans ($M) | ▲ | $649 | +20.98 | $628 |
| Loan Growth YoY (%) | ▲ | 64.56% | +1.08 | 63.48% |
| Total Deposits ($M) | ▲ | $1,000 | +16.74 | $983 |
| Shareholders Equity ($M) | ▲ | $94 | +11.79 | $82 |
| Tang. Book Value ($M) | ▲ | $88 | +11.79 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +9.85 | $97 |
| Loan / Deposit Ratio (%) | ▲ | 64.56% | +1.08 | 63.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.07 | 0.16% |
| Allowance / Loans (%) | — | 0.51% | -0.09% | 0.60% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.14 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.11% | +1.04 | 15.07% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 2.49% | 2.60% | 2.69% | 2.95% | 3.01% | 3.12% | 3.21% | 3.46% |
| ▁▁▁▂▃▅▆█ | Return on Assets (%) | 0.29% | 0.32% | 0.31% | 0.35% | 0.39% | 0.52% | 0.53% | 0.68% |
| ██▇▇▆▅▄▁ | Efficiency Ratio (%) | 87.8% | 86.2% | 85.6% | 85.3% | 83.7% | 80.8% | 78.9% | 73.1% |
| █▆▅▄▅▁▂▁ | Cost of Funds (%) | 1.11% | 1.01% | 0.97% | 0.93% | 0.97% | 0.80% | 0.83% | 0.77% |
| ▂▂██▁▁▁▄ | NPA / Assets (%) | 0.06% | 0.06% | 0.17% | 0.16% | 0.03% | 0.03% | 0.03% | 0.09% |
| ▂▂██▁▁▁▄ | Net Charge-Off Ratio (%) | 0.11% | 0.11% | 0.31% | 0.29% | 0.06% | 0.06% | 0.06% | 0.15% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $68 | $73 | $74 | $76 | $79 | $83 | $86 | $88 |
| ▁▁▂▅▆▄▅█ | Gross Loans ($M) | $599 | $595 | $607 | $628 | $633 | $622 | $625 | $649 |
| ▁▇▂▁▁█▄▃ | Total Deposits ($M) | $980 | $1,041 | $996 | $983 | $989 | $1,061 | $1,011 | $1,000 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 5% |