Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.08 | 0.90% |
| Return on Equity (%) | ▼ | 9.98% | -0.39 | 10.37% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.19 | 3.36% |
| Efficiency Ratio (%) | ▲ | 62.94% | -4.64 | 67.58% |
| Pre-Provision Profit ($M) | ▲ | $6 | +5.03 | $1 |
| Cost of Funds (%) | ▲ | 1.53% | -0.49 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,758 | +1422.69 | $335 |
| Gross Loans ($M) | ▲ | $1,124 | +898.64 | $225 |
| Loan Growth YoY (%) | ▼ | 72.00% | -3.18 | 75.18% |
| Total Deposits ($M) | ▲ | $1,542 | +1247.01 | $295 |
| Shareholders Equity ($M) | ▲ | $168 | +138.36 | $29 |
| Tang. Book Value ($M) | ▲ | $165 | +135.77 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $187 | +153.79 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 72.00% | -3.18 | 75.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.74% | -1.30 | 2.04% |
| Allowance / Loans (%) | — | 1.17% | -0.15% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 1.16% | -1.87 | 3.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▁▂▁▂▅█ | Net Interest Margin (%) | 3.37% | 3.38% | 3.32% | 3.36% | 3.32% | 3.37% | 3.44% | 3.55% |
| ▃▅▃▆▆▁▁█ | Return on Assets (%) | 0.83% | 0.87% | 0.82% | 0.90% | 0.90% | 0.75% | 0.78% | 0.97% |
| █▆█▅▄█▇▁ | Efficiency Ratio (%) | 70.3% | 68.9% | 70.5% | 67.6% | 66.4% | 70.9% | 69.6% | 62.9% |
| ▃▃▃▃█▂▂▁ | Cost of Funds (%) | 2.11% | 2.23% | 2.17% | 2.02% | 3.45% | 1.81% | 1.79% | 1.53% |
| ▄██▆▃▄▁▁ | NPA / Assets (%) | 1.59% | 2.40% | 2.54% | 2.04% | 1.31% | 1.44% | 0.74% | 0.74% |
| ▄▇█▆▃▃▁▁ | Net Charge-Off Ratio (%) | 2.16% | 3.26% | 3.72% | 3.04% | 1.79% | 2.06% | 1.08% | 1.16% |
| ▁▁▁▁▇███ | Tang. Book Value ($M) | $28 | $30 | $29 | $29 | $142 | $158 | $162 | $165 |
| ▁▁▁▁████ | Gross Loans ($M) | $253 | $252 | $232 | $225 | $1,127 | $1,133 | $1,139 | $1,124 |
| ▁▁▁▁█▇██ | Total Deposits ($M) | $306 | $302 | $299 | $295 | $1,388 | $1,385 | $1,430 | $1,542 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 17% |
| Agricultural | 11% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 14% |