Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.55% | +0.24 | 2.31% |
| Return on Equity (%) | ▲ | 22.00% | +2.12 | 19.88% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.32 | 4.09% |
| Efficiency Ratio (%) | ▲ | 43.79% | -1.53 | 45.32% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.66 | $9 |
| Cost of Funds (%) | ▲ | 1.44% | -0.24 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,697 | +155.37 | $1,542 |
| Gross Loans ($M) | ▲ | $1,340 | +119.88 | $1,220 |
| Loan Growth YoY (%) | ▼ | 89.23% | -0.73 | 89.96% |
| Total Deposits ($M) | ▲ | $1,484 | +144.24 | $1,340 |
| Shareholders Equity ($M) | ▲ | $193 | +10.82 | $182 |
| Tang. Book Value ($M) | ▲ | $192 | +10.82 | $181 |
| TBV excl. AOCI ($M)** | ▲ | $196 | +9.96 | $186 |
| Loan / Deposit Ratio (%) | ▼ | 89.23% | -0.73 | 89.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.01 | 0.10% |
| Allowance / Loans (%) | — | 1.20% | -0.04% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.05 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.02% | -1.04 | 16.06% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▆▇██ | Net Interest Margin (%) | 3.90% | 3.90% | 3.99% | 4.09% | 4.26% | 4.31% | 4.40% | 4.41% |
| ▅▂▁▁▅▇██ | Return on Assets (%) | 2.44% | 2.35% | 2.32% | 2.31% | 2.44% | 2.50% | 2.54% | 2.55% |
| ▁▃▅█▆▅▄▆ | Efficiency Ratio (%) | 41.0% | 42.6% | 43.6% | 45.3% | 43.9% | 43.5% | 42.7% | 43.8% |
| ██▅▃▃▃▂▁ | Cost of Funds (%) | 2.19% | 2.14% | 1.87% | 1.69% | 1.67% | 1.65% | 1.62% | 1.44% |
| █▅▄▁▁▁▁▁ | NPA / Assets (%) | 0.25% | 0.18% | 0.16% | 0.10% | 0.10% | 0.10% | 0.10% | 0.09% |
| █▆▅▂▂▂▂▁ | Net Charge-Off Ratio (%) | 0.34% | 0.24% | 0.21% | 0.12% | 0.13% | 0.12% | 0.13% | 0.07% |
| ▁▂▄▅▅▇▇█ | Tang. Book Value ($M) | $164 | $170 | $176 | $181 | $181 | $187 | $188 | $192 |
| ▁▁▂▄▄▄▇█ | Gross Loans ($M) | $1,166 | $1,144 | $1,188 | $1,220 | $1,219 | $1,235 | $1,305 | $1,340 |
| ▁▃▂▂▃▄▄█ | Total Deposits ($M) | $1,316 | $1,377 | $1,357 | $1,340 | $1,367 | $1,396 | $1,396 | $1,484 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 12% |
| Agricultural | 5% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 12% |