Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.57% | +0.00 | 1.57% |
| Return on Equity (%) | ▼ | 11.65% | -0.16 | 11.81% |
| Net Interest Margin (%) | ▲ | 4.51% | +0.10 | 4.41% |
| Efficiency Ratio (%) | ▼ | 49.81% | +1.42 | 48.40% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.23 | $7 |
| Cost of Funds (%) | ▲ | 1.54% | -0.07 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,264 | +38.74 | $1,225 |
| Gross Loans ($M) | ▲ | $846 | +99.79 | $747 |
| Loan Growth YoY (%) | ▲ | 76.90% | +7.00 | 69.89% |
| Total Deposits ($M) | ▲ | $1,078 | +31.27 | $1,047 |
| Shareholders Equity ($M) | ▲ | $171 | +7.14 | $164 |
| Tang. Book Value ($M) | ▲ | $133 | +7.79 | $125 |
| TBV excl. AOCI ($M)** | ▲ | $147 | +6.34 | $140 |
| Loan / Deposit Ratio (%) | ▲ | 76.90% | +7.00 | 69.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.25% | -0.36 | 1.61% |
| Allowance / Loans (%) | — | 2.05% | 0.05% | 2.00% |
| Net Charge-Off Ratio (%) | ▲ | 1.73% | -0.85 | 2.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅██▆ | Net Interest Margin (%) | 4.19% | 4.21% | 4.24% | 4.41% | 4.48% | 4.63% | 4.68% | 4.51% |
| ▂▁▁▁▅██▁ | Return on Assets (%) | 1.58% | 1.56% | 1.55% | 1.57% | 1.66% | 1.74% | 1.72% | 1.57% |
| ▄▄▄▅▃▁▄█ | Efficiency Ratio (%) | 47.9% | 48.1% | 48.1% | 48.4% | 47.7% | 46.6% | 47.8% | 49.8% |
| ▃██▃▃▃▄▁ | Cost of Funds (%) | 1.62% | 1.76% | 1.77% | 1.61% | 1.60% | 1.63% | 1.64% | 1.54% |
| ▆▄▂▆█▄▄▁ | NPA / Assets (%) | 1.59% | 1.45% | 1.36% | 1.61% | 1.76% | 1.48% | 1.47% | 1.25% |
| ▇▅▄▇█▄▃▁ | Net Charge-Off Ratio (%) | 2.52% | 2.32% | 2.20% | 2.58% | 2.77% | 2.19% | 2.12% | 1.73% |
| ▁▄▁▃▆█▄▆ | Tang. Book Value ($M) | $122 | $128 | $120 | $125 | $131 | $138 | $129 | $133 |
| ▁▁▁▂▄▇▇█ | Gross Loans ($M) | $730 | $721 | $719 | $747 | $769 | $817 | $828 | $846 |
| ▁▁▂▅▆▅▆█ | Total Deposits ($M) | $1,013 | $1,017 | $1,027 | $1,047 | $1,059 | $1,048 | $1,057 | $1,078 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 18% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 13% |