Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.45 | 1.01% |
| Return on Equity (%) | ▲ | 11.64% | +2.51 | 9.13% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.47 | 3.27% |
| Efficiency Ratio (%) | ▲ | 48.66% | -4.03 | 52.69% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.74 | $3 |
| Cost of Funds (%) | ▲ | 1.65% | -0.13 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $748 | +0.08 | $748 |
| Gross Loans ($M) | ▲ | $560 | +31.10 | $529 |
| Loan Growth YoY (%) | ▲ | 88.92% | +5.58 | 83.33% |
| Total Deposits ($M) | ▼ | $623 | -5.34 | $628 |
| Shareholders Equity ($M) | ▲ | $94 | +9.71 | $84 |
| Tang. Book Value ($M) | ▲ | $88 | +9.71 | $79 |
| TBV excl. AOCI ($M)** | ▲ | $96 | +8.53 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 88.92% | +5.58 | 83.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.45% | +0.35 | 0.10% |
| Allowance / Loans (%) | — | 1.19% | 0.08% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.40 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.95% | +0.54 | 16.41% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 2.80% | 2.85% | 2.94% | 3.27% | 3.35% | 3.43% | 3.50% | 3.74% |
| ▁▁▂▃▅▆▆█ | Return on Assets (%) | 0.83% | 0.88% | 0.94% | 1.01% | 1.18% | 1.22% | 1.24% | 1.46% |
| ██▇▄▂▃▃▁ | Efficiency Ratio (%) | 58.2% | 57.8% | 56.5% | 52.7% | 50.8% | 51.1% | 51.8% | 48.7% |
| ██▆▃▅▃▂▁ | Cost of Funds (%) | 1.98% | 2.02% | 1.91% | 1.77% | 1.84% | 1.76% | 1.74% | 1.65% |
| ▂▁▁▁▆█▇▆ | NPA / Assets (%) | 0.19% | 0.05% | 0.07% | 0.10% | 0.43% | 0.61% | 0.48% | 0.45% |
| ▁▁▁▁▇█▇▆ | Net Charge-Off Ratio (%) | 0.11% | 0.08% | 0.11% | 0.14% | 0.59% | 0.73% | 0.59% | 0.54% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $71 | $76 | $75 | $79 | $81 | $84 | $86 | $88 |
| ▁▂▃▅▅▆▆█ | Gross Loans ($M) | $494 | $505 | $515 | $529 | $528 | $541 | $541 | $560 |
| ▃▅▆█▄▁▄█ | Total Deposits ($M) | $592 | $607 | $614 | $628 | $601 | $580 | $599 | $623 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 10% |
| Agricultural | 20% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |