Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.18 | 1.07% |
| Return on Equity (%) | ▲ | 10.73% | +0.83 | 9.90% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.24 | 2.97% |
| Efficiency Ratio (%) | ▲ | 51.17% | -1.91 | 53.08% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.18 | $7 |
| Cost of Funds (%) | ▲ | 2.45% | -0.41 | 2.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,932 | +66.11 | $1,866 |
| Gross Loans ($M) | ▼ | $1,452 | -92.04 | $1,544 |
| Loan Growth YoY (%) | ▼ | 85.07% | -11.11 | 96.17% |
| Total Deposits ($M) | ▲ | $1,684 | +98.42 | $1,585 |
| Shareholders Equity ($M) | ▲ | $229 | +23.76 | $205 |
| Tang. Book Value ($M) | ▲ | $229 | +23.76 | $205 |
| TBV excl. AOCI ($M)** | ▲ | $243 | +26.13 | $217 |
| Loan / Deposit Ratio (%) | ▼ | 85.07% | -11.11 | 96.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.54% | +0.39 | 0.16% |
| Allowance / Loans (%) | — | 1.38% | 0.10% | 1.28% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.03 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.09% | +2.39 | 12.70% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇██ | Net Interest Margin (%) | 2.53% | 2.57% | 2.68% | 2.97% | 3.05% | 3.09% | 3.13% | 3.21% |
| ▁▂▃▅▆▆▇█ | Return on Assets (%) | 0.78% | 0.85% | 0.92% | 1.07% | 1.08% | 1.09% | 1.17% | 1.25% |
| █▆▅▂▁▁▁▁ | Efficiency Ratio (%) | 61.7% | 57.8% | 56.8% | 53.1% | 52.5% | 52.4% | 51.3% | 51.2% |
| ██▇▄▄▄▂▁ | Cost of Funds (%) | 3.21% | 3.30% | 3.09% | 2.86% | 2.78% | 2.82% | 2.61% | 2.45% |
| ▃▃▁▁▁█▄▄ | NPA / Assets (%) | 0.48% | 0.46% | 0.16% | 0.16% | 0.14% | 1.09% | 0.58% | 0.54% |
| ▂▁▁▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.33% | 0.08% | 0.10% | 0.10% | 0.08% | 1.28% | 0.09% | 0.07% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $188 | $197 | $197 | $205 | $209 | $219 | $225 | $229 |
| ▇███▆▅▁▁ | Gross Loans ($M) | $1,527 | $1,542 | $1,549 | $1,544 | $1,522 | $1,512 | $1,457 | $1,452 |
| ▁▂▃▃▅▆██ | Total Deposits ($M) | $1,530 | $1,559 | $1,577 | $1,585 | $1,631 | $1,656 | $1,704 | $1,684 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 15% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 5% |