Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.46 | 0.79% |
| Return on Equity (%) | ▲ | 11.32% | +3.07 | 8.25% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.20 | 3.62% |
| Efficiency Ratio (%) | ▲ | 56.40% | -8.68 | 65.08% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.10 | $6 |
| Cost of Funds (%) | ▼ | 0.78% | +0.02 | 0.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,924 | +48.81 | $1,875 |
| Gross Loans ($M) | ▲ | $1,079 | +21.68 | $1,058 |
| Loan Growth YoY (%) | ▲ | 62.79% | +0.73 | 62.06% |
| Total Deposits ($M) | ▲ | $1,696 | +17.78 | $1,678 |
| Shareholders Equity ($M) | ▲ | $212 | +28.07 | $184 |
| Tang. Book Value ($M) | ▲ | $207 | +27.28 | $180 |
| TBV excl. AOCI ($M)** | ▲ | $238 | +26.58 | $212 |
| Loan / Deposit Ratio (%) | ▲ | 62.79% | +0.73 | 62.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.32% | -0.49 | 0.81% |
| Allowance / Loans (%) | — | 1.37% | -0.19% | 1.56% |
| Net Charge-Off Ratio (%) | ▲ | 0.46% | -0.86 | 1.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.83% | +1.74 | 16.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▃▆▆██ | Net Interest Margin (%) | 3.55% | 3.59% | 3.63% | 3.62% | 3.73% | 3.75% | 3.80% | 3.82% |
| ▃▄▅▁▄▆▆█ | Return on Assets (%) | 0.94% | 1.01% | 1.07% | 0.79% | 0.99% | 1.09% | 1.13% | 1.25% |
| ▅▄▃█▅▅▅▁ | Efficiency Ratio (%) | 60.8% | 60.1% | 59.0% | 65.1% | 60.9% | 61.5% | 61.1% | 56.4% |
| ▁▄▅▁▃▃█▄ | Cost of Funds (%) | 0.75% | 0.79% | 0.80% | 0.76% | 0.77% | 0.78% | 0.83% | 0.78% |
| ▃▁▆█▅▃▃▂ | NPA / Assets (%) | 0.36% | 0.21% | 0.59% | 0.81% | 0.54% | 0.42% | 0.38% | 0.32% |
| ▃▁▆█▄▃▂▁ | Net Charge-Off Ratio (%) | 0.64% | 0.38% | 1.06% | 1.32% | 0.82% | 0.63% | 0.57% | 0.46% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $157 | $175 | $170 | $180 | $188 | $199 | $204 | $207 |
| ▄▁▂▁█▆▃█ | Gross Loans ($M) | $1,066 | $1,059 | $1,063 | $1,058 | $1,080 | $1,072 | $1,065 | $1,079 |
| ▆█▅▂▁▃▂▄ | Total Deposits ($M) | $1,710 | $1,734 | $1,701 | $1,678 | $1,665 | $1,688 | $1,681 | $1,696 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 3% |