Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.25 | 1.09% |
| Return on Equity (%) | ▲ | 13.93% | +2.11 | 11.82% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.31 | 3.55% |
| Efficiency Ratio (%) | ▲ | 49.80% | -4.74 | 54.55% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.79 | $5 |
| Cost of Funds (%) | ▲ | 2.14% | -0.03 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,526 | +113.41 | $1,413 |
| Gross Loans ($M) | ▲ | $1,276 | +132.71 | $1,144 |
| Loan Growth YoY (%) | ▼ | 92.62% | -2.60 | 95.22% |
| Total Deposits ($M) | ▲ | $1,363 | +174.88 | $1,189 |
| Shareholders Equity ($M) | ▲ | $147 | +14.79 | $132 |
| Tang. Book Value ($M) | ▲ | $133 | +16.73 | $116 |
| TBV excl. AOCI ($M)** | ▲ | $140 | +16.15 | $124 |
| Loan / Deposit Ratio (%) | ▼ | 92.62% | -2.60 | 95.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.03 | 0.39% |
| Allowance / Loans (%) | — | 1.07% | 0.02% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.07 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.88% | +0.52 | 11.36% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▇████ | Net Interest Margin (%) | 1.77% | 2.31% | 2.57% | 3.55% | 3.66% | 3.70% | 3.77% | 3.86% |
| ▁▃▄▇▇███ | Return on Assets (%) | -0.23% | 0.20% | 0.41% | 1.09% | 1.09% | 1.16% | 1.22% | 1.34% |
| █▆▅▂▂▂▁▁ | Efficiency Ratio (%) | 78.8% | 70.2% | 66.7% | 54.5% | 55.5% | 53.7% | 52.4% | 49.8% |
| ▁██▇▇█▇▆ | Cost of Funds (%) | 1.75% | 2.28% | 2.28% | 2.17% | 2.21% | 2.22% | 2.16% | 2.14% |
| ▁▅█▄▁▂▂▇ | NPA / Assets (%) | 0.35% | 0.41% | 0.44% | 0.39% | 0.36% | 0.37% | 0.37% | 0.42% |
| ▁▅█▂▁▁▃▆ | Net Charge-Off Ratio (%) | 0.41% | 0.48% | 0.54% | 0.43% | 0.40% | 0.42% | 0.44% | 0.50% |
| ▁▂▂▃▃▆▇█ | Tang. Book Value ($M) | $107 | $112 | $112 | $116 | $116 | $123 | $128 | $133 |
| ▁▁▁▂▃▅▆█ | Gross Loans ($M) | $1,118 | $1,131 | $1,126 | $1,144 | $1,174 | $1,204 | $1,223 | $1,276 |
| ▁▁▃▃▅▆██ | Total Deposits ($M) | $1,084 | $1,105 | $1,161 | $1,189 | $1,243 | $1,292 | $1,336 | $1,363 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 12% |