Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.61 | 0.72% |
| Return on Equity (%) | ▲ | 14.57% | +6.32 | 8.25% |
| Net Interest Margin (%) | ▲ | 4.22% | +0.92 | 3.30% |
| Efficiency Ratio (%) | ▲ | 55.02% | -14.83 | 69.85% |
| Pre-Provision Profit ($M) | ▲ | $6 | +3.00 | $3 |
| Cost of Funds (%) | ▲ | 1.95% | -0.26 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,222 | +73.08 | $1,149 |
| Gross Loans ($M) | ▲ | $1,075 | +192.62 | $882 |
| Loan Growth YoY (%) | ▲ | 96.40% | +12.89 | 83.51% |
| Total Deposits ($M) | ▲ | $1,101 | +58.92 | $1,042 |
| Shareholders Equity ($M) | ▲ | $111 | +12.73 | $98 |
| Tang. Book Value ($M) | ▲ | $105 | +12.94 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +11.97 | $95 |
| Loan / Deposit Ratio (%) | ▲ | 96.40% | +12.89 | 83.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.18 | 0.30% |
| Allowance / Loans (%) | — | 1.31% | -0.11% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -0.25 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.80% | -0.51 | 10.31% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.87% | 2.91% | 2.98% | 3.30% | 3.46% | 3.59% | 3.77% | 4.22% |
| ▁▁▂▃▃▅▅█ | Return on Assets (%) | 0.47% | 0.57% | 0.58% | 0.72% | 0.79% | 0.94% | 0.99% | 1.33% |
| ███▆▅▄▃▁ | Efficiency Ratio (%) | 76.4% | 75.2% | 74.4% | 69.8% | 66.4% | 63.4% | 60.8% | 55.0% |
| ▇█▆▃▃▃▁▁ | Cost of Funds (%) | 2.74% | 2.85% | 2.58% | 2.21% | 2.22% | 2.28% | 2.06% | 1.95% |
| ██▆▅▄▄▁▁ | NPA / Assets (%) | 0.48% | 0.46% | 0.37% | 0.30% | 0.25% | 0.27% | 0.11% | 0.12% |
| ██▆▅▄▄▁▁ | Net Charge-Off Ratio (%) | 0.60% | 0.54% | 0.46% | 0.39% | 0.32% | 0.32% | 0.10% | 0.14% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $86 | $89 | $90 | $92 | $95 | $99 | $102 | $105 |
| ▁▁▁▂▃▅▇█ | Gross Loans ($M) | $851 | $851 | $862 | $882 | $931 | $986 | $1,045 | $1,075 |
| ▁▁▁▅▆▇▅█ | Total Deposits ($M) | $977 | $966 | $975 | $1,042 | $1,062 | $1,081 | $1,035 | $1,101 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 16% |