Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.28 | 1.35% |
| Return on Equity (%) | ▲ | 16.55% | +1.41 | 15.14% |
| Net Interest Margin (%) | ▲ | 4.05% | +0.27 | 3.79% |
| Efficiency Ratio (%) | ▲ | 57.22% | -5.13 | 62.35% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.80 | $3 |
| Cost of Funds (%) | ▲ | 2.09% | -0.20 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $885 | +49.71 | $835 |
| Gross Loans ($M) | ▲ | $628 | +50.60 | $578 |
| Loan Growth YoY (%) | ▲ | 81.24% | +4.16 | 77.08% |
| Total Deposits ($M) | ▲ | $766 | +24.00 | $742 |
| Shareholders Equity ($M) | ▲ | $89 | +11.20 | $78 |
| Tang. Book Value ($M) | ▲ | $79 | +11.20 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $85 | +9.38 | $76 |
| Loan / Deposit Ratio (%) | ▲ | 81.24% | +4.16 | 77.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.20 | 0.47% |
| Allowance / Loans (%) | — | 0.99% | -0.04% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.59% | -0.08 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.94% | +0.05 | 13.89% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆███ | Net Interest Margin (%) | 3.57% | 3.55% | 3.61% | 3.79% | 3.89% | 4.01% | 4.02% | 4.05% |
| ▁▂▃▅▄▆▅█ | Return on Assets (%) | 0.95% | 1.09% | 1.16% | 1.35% | 1.24% | 1.39% | 1.37% | 1.63% |
| █▆▆▆▅▂▂▁ | Efficiency Ratio (%) | 65.4% | 63.0% | 62.6% | 62.4% | 61.4% | 58.4% | 59.1% | 57.2% |
| ▅█▇▅▃▆▂▁ | Cost of Funds (%) | 2.31% | 2.47% | 2.40% | 2.30% | 2.23% | 2.37% | 2.17% | 2.09% |
| ▃▇█▁▄▄▂▇ | NPA / Assets (%) | 0.56% | 0.66% | 0.72% | 0.47% | 0.59% | 0.57% | 0.52% | 0.66% |
| ▅▇█▄▆▂▁▃ | Net Charge-Off Ratio (%) | 0.77% | 0.97% | 1.07% | 0.67% | 0.81% | 0.46% | 0.34% | 0.59% |
| ▁▃▂▄▅▆▇█ | Tang. Book Value ($M) | $59 | $66 | $64 | $68 | $70 | $74 | $76 | $79 |
| ▁▁▁▁▇███ | Gross Loans ($M) | $573 | $580 | $579 | $578 | $626 | $634 | $633 | $628 |
| ▁▆▇▄▃▂█▇ | Total Deposits ($M) | $714 | $760 | $767 | $742 | $734 | $725 | $778 | $766 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 19% |
| Agricultural | 14% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 10% |