Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.90% | +0.37 | 1.53% |
| Return on Equity (%) | ▲ | 20.41% | +1.99 | 18.42% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.45 | 3.45% |
| Efficiency Ratio (%) | ▲ | 54.39% | -4.39 | 58.78% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.37 | $4 |
| Cost of Funds (%) | ▲ | 1.93% | -0.21 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,177 | +83.80 | $1,093 |
| Gross Loans ($M) | ▲ | $881 | +93.97 | $787 |
| Loan Growth YoY (%) | ▲ | 82.29% | +3.91 | 78.38% |
| Total Deposits ($M) | ▲ | $1,057 | +66.23 | $991 |
| Shareholders Equity ($M) | ▲ | $110 | +18.17 | $92 |
| Tang. Book Value ($M) | ▲ | $105 | +18.17 | $87 |
| TBV excl. AOCI ($M)** | ▲ | $114 | +18.13 | $96 |
| Loan / Deposit Ratio (%) | ▲ | 82.29% | +3.91 | 78.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.03 | 0.09% |
| Allowance / Loans (%) | — | 1.20% | -0.05% | 1.25% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.01 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.63% | +0.47 | 12.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.97% | 3.03% | 3.12% | 3.45% | 3.58% | 3.65% | 3.73% | 3.90% |
| ▁▁▂▅▆▆▇█ | Return on Assets (%) | 1.02% | 1.10% | 1.18% | 1.53% | 1.58% | 1.66% | 1.71% | 1.90% |
| █▇▆▃▂▂▁▁ | Efficiency Ratio (%) | 69.6% | 67.6% | 64.2% | 58.8% | 57.3% | 56.8% | 55.2% | 54.4% |
| ███▄▃▃▄▁ | Cost of Funds (%) | 2.37% | 2.35% | 2.38% | 2.13% | 2.08% | 2.09% | 2.11% | 1.93% |
| ▁▄▄▃▅██▅ | NPA / Assets (%) | 0.06% | 0.10% | 0.11% | 0.09% | 0.12% | 0.17% | 0.17% | 0.12% |
| ▁▅▆▄▄█▇▃ | Net Charge-Off Ratio (%) | 0.08% | 0.14% | 0.15% | 0.12% | 0.13% | 0.19% | 0.16% | 0.11% |
| ▁▃▂▃▄▆▇█ | Tang. Book Value ($M) | $79 | $86 | $82 | $87 | $89 | $98 | $101 | $105 |
| ▁▂▃▃▅▆▇█ | Gross Loans ($M) | $737 | $755 | $774 | $787 | $822 | $834 | $850 | $881 |
| ▁▃▃▅▆▇▇█ | Total Deposits ($M) | $920 | $956 | $966 | $991 | $1,017 | $1,033 | $1,026 | $1,057 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Agricultural | 4% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 14% |