Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.07 | 1.56% |
| Return on Equity (%) | ▼ | 14.41% | -0.69 | 15.10% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.35 | 4.09% |
| Efficiency Ratio (%) | ▲ | 46.31% | -0.59 | 46.90% |
| Pre-Provision Profit ($M) | ▲ | $12 | +1.23 | $10 |
| Cost of Funds (%) | ▲ | 1.35% | -0.25 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,919 | +53.27 | $1,866 |
| Gross Loans ($M) | ▲ | $1,488 | +188.87 | $1,299 |
| Loan Growth YoY (%) | ▲ | 87.12% | +9.80 | 77.32% |
| Total Deposits ($M) | ▲ | $1,684 | +30.01 | $1,654 |
| Shareholders Equity ($M) | ▲ | $220 | +23.04 | $197 |
| Tang. Book Value ($M) | ▲ | $220 | +23.04 | $197 |
| TBV excl. AOCI ($M)** | ▲ | $232 | +22.89 | $209 |
| Loan / Deposit Ratio (%) | ▲ | 87.12% | +9.80 | 77.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.04 | 0.05% |
| Allowance / Loans (%) | — | 1.35% | -0.15% | 1.51% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.06 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▁▃▄▆ | Net Interest Margin (%) | 4.60% | 4.53% | 4.43% | 4.09% | 4.15% | 4.24% | 4.32% | 4.44% |
| ███▆▁▄▅▇ | Return on Assets (%) | 1.71% | 1.71% | 1.70% | 1.56% | 1.13% | 1.37% | 1.46% | 1.63% |
| ▁▁▁▁█▅▃▁ | Efficiency Ratio (%) | 46.8% | 46.5% | 45.5% | 46.9% | 60.1% | 53.3% | 50.2% | 46.3% |
| ▂▆█▆▇▆▃▁ | Cost of Funds (%) | 1.44% | 1.62% | 1.73% | 1.60% | 1.65% | 1.59% | 1.46% | 1.35% |
| ▂▁▄▃▆▂█▁ | NPA / Assets (%) | 0.03% | 0.02% | 0.06% | 0.05% | 0.09% | 0.04% | 0.14% | 0.01% |
| ▂▂▄▃▆▂█▁ | Net Charge-Off Ratio (%) | 0.04% | 0.03% | 0.08% | 0.07% | 0.13% | 0.05% | 0.18% | 0.01% |
| ▁▂▂▄▄▆▇█ | Tang. Book Value ($M) | $179 | $187 | $189 | $197 | $196 | $205 | $211 | $220 |
| ▁▁▂▃▄▆██ | Gross Loans ($M) | $1,232 | $1,245 | $1,291 | $1,299 | $1,356 | $1,417 | $1,461 | $1,488 |
| ▁▅▆▆▅█▆▇ | Total Deposits ($M) | $1,486 | $1,610 | $1,651 | $1,654 | $1,631 | $1,731 | $1,658 | $1,684 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 10% |
| Agricultural | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 7% |