Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.14% | +0.07 | 2.07% |
| Return on Equity (%) | ▼ | 18.74% | -0.23 | 18.97% |
| Net Interest Margin (%) | ▲ | 5.06% | +0.17 | 4.89% |
| Efficiency Ratio (%) | ▲ | 45.16% | -1.25 | 46.41% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.92 | $7 |
| Cost of Funds (%) | ▲ | 1.70% | -0.18 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,030 | +91.39 | $939 |
| Gross Loans ($M) | ▲ | $852 | +107.87 | $744 |
| Loan Growth YoY (%) | ▲ | 93.51% | +4.64 | 88.87% |
| Total Deposits ($M) | ▲ | $900 | +71.88 | $828 |
| Shareholders Equity ($M) | ▲ | $117 | +12.71 | $104 |
| Tang. Book Value ($M) | ▲ | $117 | +12.71 | $104 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +13.50 | $108 |
| Loan / Deposit Ratio (%) | ▲ | 93.51% | +4.64 | 88.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.53% | -0.44 | 0.97% |
| Allowance / Loans (%) | — | 1.17% | 0.13% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.61% | -0.57 | 1.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆██▇ | Net Interest Margin (%) | 4.67% | 4.66% | 4.71% | 4.89% | 5.01% | 5.14% | 5.16% | 5.06% |
| ▁▁▁▄▆█▆▆ | Return on Assets (%) | 1.94% | 1.93% | 1.95% | 2.07% | 2.18% | 2.26% | 2.18% | 2.14% |
| ▆██▇▃▁▁▃ | Efficiency Ratio (%) | 46.1% | 46.8% | 46.8% | 46.4% | 45.2% | 44.4% | 44.2% | 45.2% |
| ██▆▃▂▂▁▁ | Cost of Funds (%) | 2.17% | 2.19% | 2.05% | 1.87% | 1.76% | 1.78% | 1.74% | 1.70% |
| ▆█▆▆▆▁▁▁ | NPA / Assets (%) | 0.91% | 1.13% | 0.93% | 0.97% | 0.94% | 0.59% | 0.54% | 0.53% |
| ▅█▆▆▅▁▁▁ | Net Charge-Off Ratio (%) | 1.11% | 1.43% | 1.15% | 1.17% | 1.07% | 0.70% | 0.67% | 0.61% |
| ▁▂▃▄▆▆██ | Tang. Book Value ($M) | $96 | $99 | $102 | $104 | $110 | $112 | $116 | $117 |
| ▁▁▂▂▄▅▇█ | Gross Loans ($M) | $714 | $719 | $734 | $744 | $774 | $785 | $824 | $852 |
| ▁▃▄▂▂▅██ | Total Deposits ($M) | $818 | $839 | $851 | $828 | $832 | $860 | $891 | $900 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 11% |