Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.32 | 1.05% |
| Return on Equity (%) | ▲ | 13.12% | +0.61 | 12.51% |
| Net Interest Margin (%) | ▲ | 3.79% | +0.41 | 3.37% |
| Efficiency Ratio (%) | ▲ | 54.91% | -7.34 | 62.25% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.57 | $2 |
| Cost of Funds (%) | ▲ | 1.23% | -0.17 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $631 | -5.47 | $637 |
| Gross Loans ($M) | ▲ | $429 | +23.24 | $406 |
| Loan Growth YoY (%) | ▲ | 77.33% | +6.31 | 71.02% |
| Total Deposits ($M) | ▼ | $543 | -16.02 | $559 |
| Shareholders Equity ($M) | ▲ | $66 | +11.32 | $55 |
| Tang. Book Value ($M) | ▲ | $66 | +12.90 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +12.13 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 77.33% | +6.31 | 71.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.40 | 0.63% |
| Allowance / Loans (%) | — | 2.13% | -0.03% | 2.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.65 | 0.99% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.57% | +0.66 | 15.90% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅██ | Net Interest Margin (%) | 3.03% | 3.06% | 3.09% | 3.37% | 3.46% | 3.49% | 3.72% | 3.79% |
| ▁▁▁▅▅▅▇█ | Return on Assets (%) | 0.69% | 0.75% | 0.75% | 1.05% | 1.04% | 1.09% | 1.21% | 1.37% |
| ███▅▄▄▁▁ | Efficiency Ratio (%) | 69.6% | 68.1% | 68.1% | 62.3% | 62.2% | 61.1% | 56.7% | 54.9% |
| ███▃▄▄▃▁ | Cost of Funds (%) | 1.74% | 1.77% | 1.70% | 1.40% | 1.48% | 1.46% | 1.37% | 1.23% |
| ██▆█▆▆▁▁ | NPA / Assets (%) | 0.64% | 0.60% | 0.50% | 0.63% | 0.49% | 0.49% | 0.20% | 0.23% |
| ██▆█▆▆▁▁ | Net Charge-Off Ratio (%) | 1.01% | 0.93% | 0.77% | 0.99% | 0.75% | 0.74% | 0.29% | 0.34% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $44 | $52 | $49 | $53 | $57 | $61 | $64 | $66 |
| ▁▂▂▁▂▃▇█ | Gross Loans ($M) | $403 | $408 | $407 | $406 | $406 | $410 | $423 | $429 |
| █▄██▃▁▄▄ | Total Deposits ($M) | $556 | $543 | $559 | $559 | $538 | $528 | $543 | $543 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 5% |
| Agricultural | 24% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 9% |