Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.68% | +0.57 | 1.11% |
| Return on Equity (%) | ▲ | 15.13% | +4.34 | 10.79% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.41 | 3.82% |
| Efficiency Ratio (%) | ▲ | 51.40% | -12.54 | 63.94% |
| Pre-Provision Profit ($M) | ▲ | $9 | +3.34 | $5 |
| Cost of Funds (%) | ▲ | 1.51% | -0.24 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,714 | +114.73 | $1,599 |
| Gross Loans ($M) | ▲ | $1,182 | +36.52 | $1,146 |
| Loan Growth YoY (%) | ▼ | 80.43% | -4.38 | 84.81% |
| Total Deposits ($M) | ▲ | $1,458 | +118.31 | $1,339 |
| Shareholders Equity ($M) | ▲ | $188 | +20.51 | $167 |
| Tang. Book Value ($M) | ▲ | $153 | +22.74 | $131 |
| TBV excl. AOCI ($M)** | ▲ | $171 | +25.12 | $146 |
| Loan / Deposit Ratio (%) | ▼ | 80.43% | -4.38 | 84.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.55% | -0.22 | 0.77% |
| Allowance / Loans (%) | — | 0.84% | -0.03% | 0.87% |
| Net Charge-Off Ratio (%) | ▲ | 0.77% | -0.30 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.29% | +1.16 | 15.13% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 3.37% | 3.42% | 3.49% | 3.82% | 3.94% | 4.02% | 4.09% | 4.23% |
| ▁▁▂▁▃▅▆█ | Return on Assets (%) | 1.12% | 1.16% | 1.20% | 1.11% | 1.28% | 1.41% | 1.50% | 1.68% |
| ▆▅▄█▅▃▂▁ | Efficiency Ratio (%) | 59.7% | 58.6% | 57.6% | 63.9% | 58.2% | 55.4% | 54.0% | 51.4% |
| ██▆▄▄▃▂▁ | Cost of Funds (%) | 1.97% | 2.00% | 1.88% | 1.74% | 1.70% | 1.68% | 1.59% | 1.51% |
| ▁▁▃▅▇█▄▂ | NPA / Assets (%) | 0.49% | 0.54% | 0.64% | 0.77% | 0.86% | 0.94% | 0.71% | 0.55% |
| ▁▂▃▅▇█▄▂ | Net Charge-Off Ratio (%) | 0.67% | 0.76% | 0.89% | 1.07% | 1.19% | 1.32% | 0.98% | 0.77% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $114 | $126 | $125 | $131 | $136 | $145 | $153 | $153 |
| ▁▂▃▅▆▇██ | Gross Loans ($M) | $1,101 | $1,115 | $1,128 | $1,146 | $1,160 | $1,171 | $1,178 | $1,182 |
| ▁▂▂▄▄▆▇█ | Total Deposits ($M) | $1,267 | $1,291 | $1,293 | $1,339 | $1,362 | $1,398 | $1,413 | $1,458 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 7% |