Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.45 | 0.80% |
| Return on Equity (%) | ▲ | 12.16% | +3.81 | 8.35% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.55 | 3.22% |
| Efficiency Ratio (%) | ▲ | 60.39% | -7.95 | 68.34% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.11 | $4 |
| Cost of Funds (%) | ▲ | 1.64% | -0.17 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,577 | +40.10 | $1,537 |
| Gross Loans ($M) | ▲ | $1,101 | +66.76 | $1,034 |
| Loan Growth YoY (%) | ▲ | 78.46% | +3.63 | 74.83% |
| Total Deposits ($M) | ▲ | $1,389 | +20.31 | $1,368 |
| Shareholders Equity ($M) | ▲ | $162 | +15.90 | $146 |
| Tang. Book Value ($M) | ▲ | $154 | +15.97 | $138 |
| TBV excl. AOCI ($M)** | ▲ | $171 | +16.75 | $154 |
| Loan / Deposit Ratio (%) | ▲ | 78.46% | +3.63 | 74.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.04 | 0.17% |
| Allowance / Loans (%) | — | 1.01% | 0.05% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.05 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▇█ | Net Interest Margin (%) | 2.97% | 3.00% | 3.08% | 3.22% | 3.41% | 3.50% | 3.60% | 3.77% |
| ▁▁▂▃▃▅▆█ | Return on Assets (%) | 0.64% | 0.68% | 0.75% | 0.80% | 0.84% | 0.96% | 1.07% | 1.25% |
| ███▆▄▃▂▁ | Efficiency Ratio (%) | 71.1% | 69.8% | 70.3% | 68.3% | 65.0% | 63.8% | 62.6% | 60.4% |
| ▇██▅▆▃▃▁ | Cost of Funds (%) | 1.88% | 1.96% | 1.95% | 1.81% | 1.85% | 1.75% | 1.73% | 1.64% |
| ██▄▂▃▁▂▆ | NPA / Assets (%) | 0.24% | 0.24% | 0.19% | 0.17% | 0.18% | 0.15% | 0.17% | 0.21% |
| ██▄▃▂▁▁▆ | Net Charge-Off Ratio (%) | 0.34% | 0.35% | 0.28% | 0.26% | 0.25% | 0.22% | 0.23% | 0.30% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $131 | $136 | $135 | $138 | $141 | $147 | $152 | $154 |
| ▁▂▂▃▅▇██ | Gross Loans ($M) | $997 | $1,012 | $1,012 | $1,034 | $1,056 | $1,079 | $1,093 | $1,101 |
| ▁▄▃▇▄▇▆█ | Total Deposits ($M) | $1,271 | $1,317 | $1,311 | $1,368 | $1,326 | $1,373 | $1,355 | $1,389 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Consumer | 18% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |