Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.28% | +0.43 | 1.85% |
| Return on Equity (%) | ▲ | 22.59% | +3.37 | 19.22% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.40 | 3.44% |
| Efficiency Ratio (%) | ▲ | 36.34% | -7.31 | 43.65% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.06 | $5 |
| Cost of Funds (%) | ▲ | 1.80% | -0.14 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,183 | +117.74 | $1,066 |
| Gross Loans ($M) | ▲ | $881 | +82.15 | $799 |
| Loan Growth YoY (%) | ▼ | 83.41% | -0.50 | 83.91% |
| Total Deposits ($M) | ▲ | $1,046 | +103.35 | $943 |
| Shareholders Equity ($M) | ▲ | $119 | +15.18 | $104 |
| Tang. Book Value ($M) | ▲ | $100 | +16.62 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $111 | +18.13 | $93 |
| Loan / Deposit Ratio (%) | ▼ | 83.41% | -0.50 | 83.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.01 | 0.11% |
| Allowance / Loans (%) | — | 1.00% | -0.02% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.03 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.38% | +0.49 | 9.90% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.13% | 3.20% | 3.26% | 3.44% | 3.53% | 3.58% | 3.63% | 3.84% |
| ▁▂▁▄▄▄▃█ | Return on Assets (%) | 1.59% | 1.60% | 1.49% | 1.85% | 1.79% | 1.81% | 1.77% | 2.28% |
| ███▅▅▅▅▁ | Efficiency Ratio (%) | 48.6% | 48.8% | 49.2% | 43.7% | 42.9% | 43.2% | 43.9% | 36.3% |
| ▅▆█▄▄▅▄▁ | Cost of Funds (%) | 1.98% | 2.01% | 2.11% | 1.94% | 1.95% | 1.97% | 1.95% | 1.80% |
| ▆▅█▄▁▆▃▂ | NPA / Assets (%) | 0.12% | 0.11% | 0.14% | 0.11% | 0.08% | 0.12% | 0.10% | 0.10% |
| ▄▆█▅▁▄▂▂ | Net Charge-Off Ratio (%) | 0.14% | 0.15% | 0.18% | 0.15% | 0.10% | 0.14% | 0.11% | 0.12% |
| ▅▃▁▃▄▆▇█ | Tang. Book Value ($M) | $89 | $84 | $77 | $84 | $87 | $92 | $97 | $100 |
| ▁▃▄▅▅▇██ | Gross Loans ($M) | $702 | $768 | $783 | $799 | $813 | $841 | $863 | $881 |
| ▁▅▅▆▆▇▇█ | Total Deposits ($M) | $763 | $910 | $916 | $943 | $950 | $979 | $1,010 | $1,046 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 9% |
| Agricultural | 17% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |