Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.18 | 1.16% |
| Return on Equity (%) | ▲ | 11.10% | +1.01 | 10.09% |
| Net Interest Margin (%) | ▲ | 4.17% | +0.31 | 3.85% |
| Efficiency Ratio (%) | ▲ | 54.85% | -6.37 | 61.21% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.29 | $4 |
| Cost of Funds (%) | ▲ | 1.45% | -0.23 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,069 | +101.64 | $967 |
| Gross Loans ($M) | ▲ | $716 | +100.84 | $615 |
| Loan Growth YoY (%) | ▲ | 81.20% | +3.62 | 77.58% |
| Total Deposits ($M) | ▲ | $871 | +88.99 | $782 |
| Shareholders Equity ($M) | ▲ | $124 | +10.03 | $114 |
| Tang. Book Value ($M) | ▲ | $109 | +10.10 | $99 |
| TBV excl. AOCI ($M)** | ▲ | $122 | +8.87 | $113 |
| Loan / Deposit Ratio (%) | ▲ | 81.20% | +3.62 | 77.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.06 | 0.13% |
| Allowance / Loans (%) | — | 1.24% | -0.16% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.13 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▇▇█ | Net Interest Margin (%) | 3.48% | 3.51% | 3.55% | 3.85% | 3.94% | 4.00% | 4.06% | 4.17% |
| ▁▃▃▆████ | Return on Assets (%) | 0.69% | 0.90% | 0.88% | 1.16% | 1.26% | 1.30% | 1.29% | 1.34% |
| ██▇▆▄▃▄▁ | Efficiency Ratio (%) | 65.0% | 64.6% | 63.7% | 61.2% | 58.7% | 58.4% | 59.3% | 54.8% |
| ▆█▇▅▃▃▁▁ | Cost of Funds (%) | 1.74% | 1.86% | 1.78% | 1.67% | 1.57% | 1.58% | 1.47% | 1.45% |
| ▄▂▆▁▁█▄▃ | NPA / Assets (%) | 0.22% | 0.18% | 0.26% | 0.13% | 0.12% | 0.34% | 0.23% | 0.19% |
| ▅▄▆▁▂█▅▃ | Net Charge-Off Ratio (%) | 0.37% | 0.29% | 0.39% | 0.13% | 0.18% | 0.51% | 0.33% | 0.27% |
| ▁▃▃▅▆▇██ | Tang. Book Value ($M) | $85 | $95 | $94 | $99 | $103 | $108 | $112 | $109 |
| ▁▁▃▂▃▄██ | Gross Loans ($M) | $586 | $589 | $632 | $615 | $635 | $648 | $708 | $716 |
| ▁▁▁▂▃▂▅█ | Total Deposits ($M) | $764 | $761 | $774 | $782 | $790 | $786 | $823 | $871 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 19% |
| Agricultural | 30% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 10% |