Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.27% | -0.03 | 1.31% |
| Return on Equity (%) | ▼ | 11.45% | -1.94 | 13.39% |
| Net Interest Margin (%) | ▲ | 4.57% | +0.31 | 4.26% |
| Efficiency Ratio (%) | ▼ | 63.24% | +1.71 | 61.54% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.66 | $3 |
| Cost of Funds (%) | ▼ | 1.20% | +0.15 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $890 | +32.11 | $858 |
| Gross Loans ($M) | ▲ | $482 | +96.80 | $385 |
| Loan Growth YoY (%) | ▲ | 60.67% | +9.95 | 50.72% |
| Total Deposits ($M) | ▲ | $784 | +32.38 | $751 |
| Shareholders Equity ($M) | ▲ | $98 | +9.67 | $88 |
| Tang. Book Value ($M) | ▲ | $83 | +10.06 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $95 | +9.42 | $86 |
| Loan / Deposit Ratio (%) | ▲ | 60.67% | +9.95 | 50.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.30 | 0.09% |
| Allowance / Loans (%) | — | 1.29% | 0.30% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.57% | +0.42 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.87% | -1.84 | 17.71% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▇██▇ | Net Interest Margin (%) | 3.44% | 3.64% | 3.77% | 4.26% | 4.63% | 4.78% | 4.83% | 4.57% |
| ▁▂▂▇███▆ | Return on Assets (%) | 0.94% | 1.02% | 1.05% | 1.31% | 1.43% | 1.37% | 1.40% | 1.27% |
| █▇▇▃▁▁▁▄ | Efficiency Ratio (%) | 72.4% | 70.3% | 70.2% | 61.5% | 58.1% | 57.4% | 58.8% | 63.2% |
| ▇█▅▁▃▂▁▂ | Cost of Funds (%) | 1.82% | 2.00% | 1.55% | 1.04% | 1.33% | 1.27% | 1.10% | 1.20% |
| ▇█▇▁▁▃▄█ | NPA / Assets (%) | 0.34% | 0.40% | 0.33% | 0.09% | 0.12% | 0.20% | 0.23% | 0.40% |
| ▃▄▆▁▁▃▄█ | Net Charge-Off Ratio (%) | 0.29% | 0.36% | 0.43% | 0.16% | 0.19% | 0.29% | 0.34% | 0.57% |
| ▁▁▁▇▇███ | Tang. Book Value ($M) | $42 | $45 | $43 | $73 | $75 | $79 | $83 | $83 |
| ▁▁▁▄▄▇██ | Gross Loans ($M) | $331 | $322 | $327 | $385 | $402 | $448 | $472 | $482 |
| ▁▁▁█▇▇██ | Total Deposits ($M) | $419 | $410 | $420 | $751 | $715 | $705 | $750 | $784 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 10% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 13% |