Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.32 | 1.20% |
| Return on Equity (%) | ▲ | 18.15% | +3.37 | 14.78% |
| Net Interest Margin (%) | ▲ | 4.39% | +0.40 | 4.00% |
| Efficiency Ratio (%) | ▲ | 51.18% | -5.35 | 56.52% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.94 | $3 |
| Cost of Funds (%) | ▲ | 1.64% | -0.31 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $680 | +47.41 | $633 |
| Gross Loans ($M) | ▲ | $548 | +49.62 | $499 |
| Loan Growth YoY (%) | ▲ | 88.21% | +1.94 | 86.27% |
| Total Deposits ($M) | ▲ | $617 | +43.16 | $574 |
| Shareholders Equity ($M) | ▲ | $57 | +5.23 | $52 |
| Tang. Book Value ($M) | ▲ | $55 | +4.99 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +4.31 | $53 |
| Loan / Deposit Ratio (%) | ▲ | 88.21% | +1.94 | 86.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.63% | -1.05 | 1.68% |
| Allowance / Loans (%) | — | 0.80% | 0.01% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.74% | -1.37 | 2.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.21% | +0.36 | 10.85% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▇█ | Net Interest Margin (%) | 3.66% | 3.69% | 3.72% | 4.00% | 4.13% | 4.16% | 4.21% | 4.39% |
| ▁▁▂▃▅▅▆█ | Return on Assets (%) | 1.02% | 1.09% | 1.10% | 1.20% | 1.28% | 1.32% | 1.36% | 1.52% |
| █▇▆█▆▄▃▁ | Efficiency Ratio (%) | 56.3% | 55.6% | 55.2% | 56.5% | 55.2% | 53.5% | 53.1% | 51.2% |
| ▅▆█▇▃▃▅▁ | Cost of Funds (%) | 1.89% | 1.93% | 2.05% | 1.95% | 1.77% | 1.78% | 1.88% | 1.64% |
| ▄▃▂█▃▃▂▁ | NPA / Assets (%) | 1.06% | 0.95% | 0.86% | 1.68% | 0.99% | 0.89% | 0.81% | 0.63% |
| ▄▃▃█▃▂▂▁ | Net Charge-Off Ratio (%) | 1.36% | 1.20% | 1.08% | 2.11% | 1.11% | 1.08% | 0.95% | 0.74% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $47 | $48 | $49 | $50 | $52 | $53 | $54 | $55 |
| ▁▃▄▃▅▇██ | Gross Loans ($M) | $470 | $494 | $507 | $499 | $516 | $536 | $552 | $548 |
| ▁▂▄▅▅███ | Total Deposits ($M) | $525 | $546 | $569 | $574 | $576 | $609 | $611 | $617 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 9% |
| Agricultural | 18% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 17% |