Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.12% | -0.32 | 1.43% |
| Return on Equity (%) | ▼ | 11.26% | -3.94 | 15.20% |
| Net Interest Margin (%) | ▲ | 4.94% | +0.03 | 4.91% |
| Efficiency Ratio (%) | ▼ | 70.45% | +9.64 | 60.81% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.01 | $3 |
| Cost of Funds (%) | ▲ | 1.87% | -0.46 | 2.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $944 | +257.35 | $686 |
| Gross Loans ($M) | ▲ | $644 | +116.36 | $528 |
| Loan Growth YoY (%) | ▼ | 75.84% | -8.70 | 84.54% |
| Total Deposits ($M) | ▲ | $835 | +219.95 | $615 |
| Shareholders Equity ($M) | ▲ | $94 | +27.44 | $66 |
| Tang. Book Value ($M) | ▲ | $85 | +23.30 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $96 | +28.67 | $67 |
| Loan / Deposit Ratio (%) | ▼ | 75.84% | -8.70 | 84.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.41 | 0.43% |
| Allowance / Loans (%) | — | 1.75% | 0.19% | 1.56% |
| Net Charge-Off Ratio (%) | ▼ | 0.95% | +0.40 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.93% | -0.42 | 12.35% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▄█▁▆▇█ | Net Interest Margin (%) | 4.58% | 4.58% | 4.64% | 4.91% | 4.41% | 4.80% | 4.81% | 4.94% |
| ▂▂▂▅▆█▅▁ | Return on Assets (%) | 1.25% | 1.25% | 1.27% | 1.43% | 1.57% | 1.74% | 1.44% | 1.12% |
| ▅▅▅▃▁▃▆█ | Efficiency Ratio (%) | 65.5% | 65.3% | 65.1% | 60.8% | 57.2% | 61.0% | 66.8% | 70.5% |
| ███▇▁▅▃▂ | Cost of Funds (%) | 2.44% | 2.44% | 2.41% | 2.33% | 1.69% | 2.16% | 1.96% | 1.87% |
| ▂▂▂▁██▅▃ | NPA / Assets (%) | 0.57% | 0.61% | 0.57% | 0.43% | 1.50% | 1.52% | 1.01% | 0.84% |
| ▁▂▁▁██▄▂ | Net Charge-Off Ratio (%) | 0.73% | 0.77% | 0.72% | 0.55% | 2.28% | 2.23% | 1.22% | 0.95% |
| ▁▂▂▂▆▇██ | Tang. Book Value ($M) | $55 | $59 | $59 | $62 | $76 | $82 | $86 | $85 |
| ▁▁▃▂▅▅▇█ | Gross Loans ($M) | $499 | $517 | $543 | $528 | $579 | $583 | $618 | $644 |
| ▁▁▂▂█▇▇█ | Total Deposits ($M) | $580 | $591 | $622 | $615 | $831 | $798 | $801 | $835 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 24% |
| Agricultural | 16% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 21% |