Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.49 | 0.61% |
| Return on Equity (%) | ▲ | 11.61% | +4.97 | 6.64% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.66 | 2.55% |
| Efficiency Ratio (%) | ▲ | 54.11% | -14.12 | 68.24% |
| Pre-Provision Profit ($M) | ▲ | $7 | +3.61 | $3 |
| Cost of Funds (%) | ▲ | 2.63% | -0.33 | 2.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,835 | +220.08 | $1,615 |
| Gross Loans ($M) | ▲ | $1,669 | +232.96 | $1,436 |
| Loan Growth YoY (%) | ▼ | 102.53% | -3.52 | 106.05% |
| Total Deposits ($M) | ▲ | $1,617 | +271.60 | $1,346 |
| Shareholders Equity ($M) | ▲ | $174 | +24.87 | $149 |
| Tang. Book Value ($M) | ▲ | $174 | +24.87 | $149 |
| Loan / Deposit Ratio (%) | ▼ | 102.53% | -3.52 | 106.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.16 | 0.02% |
| Allowance / Loans (%) | — | 0.61% | 0.03% | 0.58% |
| Net Charge-Off Ratio (%) | ▼ | 0.20% | +0.17 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.68% | +0.15 | 10.53% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▅█ | Net Interest Margin (%) | 2.47% | 2.47% | 2.49% | 2.55% | 2.68% | 2.79% | 2.86% | 3.21% |
| ▁▁▁▂▂▄▄█ | Return on Assets (%) | 0.52% | 0.54% | 0.55% | 0.61% | 0.66% | 0.76% | 0.81% | 1.11% |
| ███▇▅▄▃▁ | Efficiency Ratio (%) | 70.9% | 70.5% | 69.9% | 68.2% | 63.7% | 61.4% | 60.4% | 54.1% |
| ▃██▆▆▇▅▁ | Cost of Funds (%) | 2.79% | 3.04% | 3.08% | 2.96% | 2.91% | 2.97% | 2.89% | 2.63% |
| ▁▁▁▁▁███ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.02% | 0.02% | 0.18% | 0.17% | 0.18% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.01% | 0.02% | 0.01% | 0.03% | 0.02% | 0.20% | 0.19% | 0.20% |
| ▁▁▁▂▅▆██ | Tang. Book Value ($M) | $145 | $147 | $147 | $149 | $160 | $164 | $172 | $174 |
| ▁▁▂▃▅▆▇█ | Gross Loans ($M) | $1,304 | $1,341 | $1,387 | $1,436 | $1,506 | $1,547 | $1,610 | $1,669 |
| ▁▂▃▃▄▆██ | Total Deposits ($M) | $1,207 | $1,307 | $1,330 | $1,346 | $1,404 | $1,495 | $1,576 | $1,617 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 11% |