Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.04% | +0.51 | 1.53% |
| Return on Equity (%) | ▲ | 19.41% | +3.52 | 15.89% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.44 | 3.16% |
| Efficiency Ratio (%) | ▲ | 44.46% | -3.24 | 47.70% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.85 | $3 |
| Cost of Funds (%) | ▲ | 2.34% | -0.33 | 2.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $784 | +29.94 | $754 |
| Gross Loans ($M) | ▲ | $720 | +58.79 | $661 |
| Loan Growth YoY (%) | ▲ | 102.88% | +5.50 | 97.37% |
| Total Deposits ($M) | ▲ | $693 | +20.76 | $672 |
| Shareholders Equity ($M) | ▲ | $83 | +9.87 | $73 |
| Tang. Book Value ($M) | ▲ | $80 | +9.74 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +9.74 | $72 |
| Loan / Deposit Ratio (%) | ▲ | 102.88% | +5.50 | 97.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.83% | +0.84 | 0.99% |
| Allowance / Loans (%) | — | 0.99% | -0.02% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 1.96% | +0.85 | 1.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.22% | +0.38 | 11.83% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▇▅█ | Net Interest Margin (%) | 2.69% | 2.76% | 2.79% | 3.16% | 3.27% | 3.46% | 3.20% | 3.60% |
| ▁▁▂▄▆▇▅█ | Return on Assets (%) | 1.16% | 1.25% | 1.28% | 1.53% | 1.71% | 1.88% | 1.66% | 2.04% |
| █▇▆▃▂▁▃▁ | Efficiency Ratio (%) | 55.5% | 53.9% | 52.6% | 47.7% | 46.0% | 44.0% | 47.6% | 44.5% |
| ██▇▅▅▄▃▁ | Cost of Funds (%) | 2.92% | 2.94% | 2.84% | 2.67% | 2.70% | 2.62% | 2.52% | 2.34% |
| ▂▂▁▁█▅▅▆ | NPA / Assets (%) | 1.19% | 1.15% | 0.90% | 0.99% | 2.38% | 1.67% | 1.68% | 1.83% |
| ▂▂▁▁█▅▅▅ | Net Charge-Off Ratio (%) | 1.22% | 1.17% | 0.90% | 1.12% | 2.68% | 1.89% | 1.82% | 1.96% |
| ▁▂▂▃▅▇▇█ | Tang. Book Value ($M) | $64 | $67 | $68 | $70 | $73 | $77 | $78 | $80 |
| ▁▁▃▃▃▅██ | Gross Loans ($M) | $636 | $646 | $663 | $661 | $663 | $679 | $710 | $720 |
| ▁▂▃▆▅▇▇█ | Total Deposits ($M) | $617 | $627 | $643 | $672 | $662 | $682 | $682 | $693 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 11% |
| Agricultural | 17% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 17% |