Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.23 | 0.99% |
| Return on Equity (%) | ▼ | 10.52% | -0.52 | 11.04% |
| Net Interest Margin (%) | ▲ | 2.52% | +0.30 | 2.22% |
| Efficiency Ratio (%) | ▲ | 43.38% | -2.89 | 46.27% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.92 | $6 |
| Cost of Funds (%) | ▲ | 1.68% | -0.38 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,756 | -62.36 | $1,818 |
| Gross Loans ($M) | ▼ | $669 | -42.58 | $712 |
| Loan Growth YoY (%) | ▲ | 43.06% | +0.04 | 43.01% |
| Total Deposits ($M) | ▼ | $1,530 | -102.08 | $1,632 |
| Shareholders Equity ($M) | ▲ | $207 | +35.14 | $172 |
| Tang. Book Value ($M) | ▲ | $206 | +35.14 | $170 |
| TBV excl. AOCI ($M)** | ▲ | $237 | +32.62 | $204 |
| Loan / Deposit Ratio (%) | ▲ | 43.06% | +0.04 | 43.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.14 | 0.34% |
| Allowance / Loans (%) | — | 1.59% | 0.19% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 1.26% | +0.40 | 0.86% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▁▁▃▄█ | Net Interest Margin (%) | 2.26% | 2.25% | 2.25% | 2.22% | 2.20% | 2.28% | 2.32% | 2.52% |
| ▃▄▃▂▁▂▄█ | Return on Assets (%) | 1.04% | 1.06% | 1.05% | 0.99% | 0.95% | 1.01% | 1.09% | 1.22% |
| ▂▁▁▇██▆▁ | Efficiency Ratio (%) | 43.8% | 43.2% | 43.6% | 46.3% | 47.2% | 46.7% | 45.8% | 43.4% |
| ███▆▆▄▂▁ | Cost of Funds (%) | 2.16% | 2.20% | 2.22% | 2.06% | 2.03% | 1.92% | 1.78% | 1.68% |
| █▁▁▃▇▇█▅ | NPA / Assets (%) | 0.61% | 0.17% | 0.18% | 0.34% | 0.57% | 0.59% | 0.67% | 0.48% |
| █▁▁▃▇▇█▅ | Net Charge-Off Ratio (%) | 1.71% | 0.45% | 0.42% | 0.86% | 1.49% | 1.55% | 1.77% | 1.26% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $143 | $162 | $154 | $170 | $179 | $194 | $203 | $206 |
| ▂▄██▅▄▁▁ | Gross Loans ($M) | $677 | $688 | $714 | $712 | $696 | $690 | $675 | $669 |
| █▇▆▅▅▃▂▁ | Total Deposits ($M) | $1,726 | $1,688 | $1,657 | $1,632 | $1,633 | $1,586 | $1,573 | $1,530 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 12% |
| Agricultural | 4% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 33% |