Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.15 | 0.65% |
| Return on Equity (%) | ▲ | 10.12% | +1.42 | 8.70% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.40 | 3.52% |
| Efficiency Ratio (%) | ▲ | 70.99% | -2.05 | 73.04% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.48 | $2 |
| Cost of Funds (%) | ▲ | 1.80% | -0.21 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $749 | +52.05 | $696 |
| Gross Loans ($M) | ▲ | $555 | +55.29 | $500 |
| Loan Growth YoY (%) | ▲ | 87.79% | +4.36 | 83.42% |
| Total Deposits ($M) | ▲ | $623 | +32.42 | $591 |
| Shareholders Equity ($M) | ▲ | $59 | +5.89 | $53 |
| Tang. Book Value ($M) | ▲ | $58 | +6.03 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +5.69 | $60 |
| Loan / Deposit Ratio (%) | ▲ | 87.79% | +4.36 | 83.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.82% | +0.11 | 0.71% |
| Allowance / Loans (%) | — | 1.37% | 0.06% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 1.03% | +0.04 | 0.99% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.24% | +0.04 | 11.19% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▄▆█ | Net Interest Margin (%) | 3.23% | 3.28% | 3.33% | 3.52% | 3.57% | 3.54% | 3.71% | 3.92% |
| ▁▂▂▁▄▄█▇ | Return on Assets (%) | 0.64% | 0.66% | 0.68% | 0.65% | 0.71% | 0.73% | 0.82% | 0.80% |
| █▆▄▆▃▄▁▃ | Efficiency Ratio (%) | 75.2% | 72.7% | 71.7% | 73.0% | 71.1% | 71.2% | 68.6% | 71.0% |
| ▇█▆▄▄▇▃▁ | Cost of Funds (%) | 2.20% | 2.31% | 2.13% | 2.02% | 2.00% | 2.21% | 1.94% | 1.80% |
| ▇▇▆▁██▆▄ | NPA / Assets (%) | 0.88% | 0.90% | 0.88% | 0.71% | 0.94% | 0.94% | 0.87% | 0.82% |
| ▇█▇▁█▇▄▂ | Net Charge-Off Ratio (%) | 1.24% | 1.29% | 1.22% | 0.99% | 1.26% | 1.24% | 1.12% | 1.03% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $46 | $50 | $49 | $52 | $53 | $56 | $58 | $58 |
| ▁▂▂▃▅▆██ | Gross Loans ($M) | $476 | $491 | $494 | $500 | $520 | $528 | $552 | $555 |
| ▁▄▁▂█▆▇█ | Total Deposits ($M) | $580 | $602 | $583 | $591 | $621 | $612 | $616 | $623 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 22% |
| Agricultural | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 17% |