Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.04 | 1.21% |
| Return on Equity (%) | ▼ | 10.27% | -0.60 | 10.87% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.23 | 3.75% |
| Efficiency Ratio (%) | ▲ | 52.52% | -1.87 | 54.39% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.11 | $7 |
| Cost of Funds (%) | ▲ | 1.64% | -0.17 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,561 | +31.92 | $1,529 |
| Gross Loans ($M) | ▲ | $1,045 | +50.37 | $995 |
| Loan Growth YoY (%) | ▲ | 76.44% | +3.23 | 73.21% |
| Total Deposits ($M) | ▲ | $1,350 | +9.13 | $1,341 |
| Shareholders Equity ($M) | ▲ | $194 | +21.64 | $173 |
| Tang. Book Value ($M) | ▲ | $187 | +21.68 | $166 |
| TBV excl. AOCI ($M)** | ▲ | $207 | +21.31 | $185 |
| Loan / Deposit Ratio (%) | ▲ | 76.44% | +3.23 | 73.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.94% | +0.18 | 0.76% |
| Allowance / Loans (%) | — | 1.26% | -0.05% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 1.24% | +0.29 | 0.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇▇█ | Net Interest Margin (%) | 3.30% | 3.36% | 3.44% | 3.75% | 3.74% | 3.82% | 3.83% | 3.99% |
| ▁▂▃▆▇██▇ | Return on Assets (%) | 0.95% | 1.00% | 1.08% | 1.21% | 1.25% | 1.31% | 1.34% | 1.25% |
| ██▇▂▃▃▂▁ | Efficiency Ratio (%) | 61.5% | 60.7% | 59.3% | 54.4% | 55.7% | 55.0% | 53.9% | 52.5% |
| ██▆▃▂▃▂▁ | Cost of Funds (%) | 2.11% | 2.10% | 1.95% | 1.81% | 1.75% | 1.81% | 1.71% | 1.64% |
| ▁▁▃▆▅▄▆█ | NPA / Assets (%) | 0.42% | 0.46% | 0.55% | 0.76% | 0.71% | 0.63% | 0.77% | 0.94% |
| ▁▁▂▅▅▃▆█ | Net Charge-Off Ratio (%) | 0.50% | 0.58% | 0.65% | 0.95% | 0.92% | 0.76% | 1.03% | 1.24% |
| ▁▃▂▄▄▆██ | Tang. Book Value ($M) | $151 | $162 | $158 | $166 | $167 | $178 | $185 | $187 |
| ▁▁▃▃▄▆▇█ | Gross Loans ($M) | $978 | $975 | $999 | $995 | $1,009 | $1,025 | $1,032 | $1,045 |
| ▁▁▁▁▆██▂ | Total Deposits ($M) | $1,333 | $1,334 | $1,337 | $1,341 | $1,393 | $1,408 | $1,414 | $1,350 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 18% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 16% |