Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.68% | +0.35 | 1.33% |
| Return on Equity (%) | ▲ | 15.08% | +3.98 | 11.10% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.25 | 4.06% |
| Efficiency Ratio (%) | ▲ | 50.99% | -8.38 | 59.37% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.32 | $6 |
| Cost of Funds (%) | ▲ | 2.31% | -0.12 | 2.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,572 | +147.14 | $1,425 |
| Gross Loans ($M) | ▲ | $1,045 | +62.20 | $983 |
| Loan Growth YoY (%) | ▼ | 74.36% | -3.74 | 78.10% |
| Total Deposits ($M) | ▲ | $1,387 | +144.40 | $1,242 |
| Shareholders Equity ($M) | ▲ | $173 | +2.31 | $171 |
| Tang. Book Value ($M) | ▲ | $173 | +2.31 | $170 |
| TBV excl. AOCI ($M)** | ▲ | $175 | +2.03 | $173 |
| Loan / Deposit Ratio (%) | ▼ | 74.36% | -3.74 | 78.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.35 | 0.59% |
| Allowance / Loans (%) | — | 1.34% | 0.05% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.49 | 0.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.98% | -0.47 | 17.44% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▃▁▅██▄ | Net Interest Margin (%) | 4.21% | 4.14% | 4.22% | 4.06% | 4.36% | 4.53% | 4.58% | 4.31% |
| ▆▅▄▁▅▇▆█ | Return on Assets (%) | 1.58% | 1.51% | 1.50% | 1.33% | 1.51% | 1.61% | 1.57% | 1.68% |
| ▃▄▃█▆▃▂▁ | Efficiency Ratio (%) | 53.1% | 54.8% | 54.1% | 59.4% | 56.3% | 54.0% | 53.0% | 51.0% |
| ▇█▇▃▂▂▃▁ | Cost of Funds (%) | 2.60% | 2.66% | 2.62% | 2.43% | 2.36% | 2.39% | 2.43% | 2.31% |
| █▄▅▅▄▁▁▁ | NPA / Assets (%) | 0.92% | 0.52% | 0.59% | 0.59% | 0.58% | 0.24% | 0.24% | 0.24% |
| █▄▅▅▄▁▁▁ | Net Charge-Off Ratio (%) | 1.27% | 0.78% | 0.86% | 0.85% | 0.79% | 0.35% | 0.35% | 0.36% |
| ▁▃▃▅█▄▆█ | Tang. Book Value ($M) | $167 | $168 | $169 | $170 | $172 | $169 | $171 | $173 |
| ▄▁▁▃█▅▆▇ | Gross Loans ($M) | $994 | $954 | $963 | $983 | $1,060 | $1,019 | $1,032 | $1,045 |
| ▁▂▂▃▃▆▇█ | Total Deposits ($M) | $1,187 | $1,231 | $1,230 | $1,242 | $1,258 | $1,326 | $1,343 | $1,387 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 34% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 18% |