Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.84% | +0.03 | 0.81% |
| Return on Equity (%) | ▼ | 6.66% | -0.01 | 6.67% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.12 | 3.85% |
| Efficiency Ratio (%) | ▲ | 75.26% | -0.46 | 75.72% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.37 | $6 |
| Cost of Funds (%) | ▲ | 1.22% | -0.01 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,514 | +79.24 | $2,435 |
| Gross Loans ($M) | ▲ | $1,950 | +0.38 | $1,950 |
| Loan Growth YoY (%) | ▼ | 88.01% | -2.50 | 90.51% |
| Total Deposits ($M) | ▲ | $2,182 | +60.23 | $2,122 |
| Shareholders Equity ($M) | ▲ | $316 | +20.08 | $296 |
| Tang. Book Value ($M) | ▲ | $313 | +20.53 | $292 |
| TBV excl. AOCI ($M)** | ▲ | $318 | +15.58 | $303 |
| Loan / Deposit Ratio (%) | ▼ | 88.01% | -2.50 | 90.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.04 | 0.14% |
| Allowance / Loans (%) | — | 1.52% | 0.02% | 1.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.05 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅██▆ | Net Interest Margin (%) | 3.65% | 3.70% | 3.74% | 3.85% | 3.92% | 4.06% | 4.09% | 3.97% |
| ▁▂▆▅▆██▅ | Return on Assets (%) | 0.59% | 0.68% | 0.86% | 0.81% | 0.86% | 0.95% | 1.00% | 0.84% |
| █▇▂▄▃▁▁▄ | Efficiency Ratio (%) | 80.8% | 79.0% | 73.0% | 75.7% | 74.0% | 71.7% | 70.8% | 75.3% |
| ▇█▄▂▂▂▁▂ | Cost of Funds (%) | 1.36% | 1.39% | 1.29% | 1.23% | 1.24% | 1.22% | 1.20% | 1.22% |
| ▅▄▃▇█▁▁▁ | NPA / Assets (%) | 0.13% | 0.12% | 0.11% | 0.14% | 0.15% | 0.10% | 0.09% | 0.10% |
| ▅▄▂▇█▁▁▂ | Net Charge-Off Ratio (%) | 0.11% | 0.10% | 0.09% | 0.13% | 0.14% | 0.08% | 0.08% | 0.08% |
| ▁▃▅▃▅▇██ | Tang. Book Value ($M) | $281 | $289 | $297 | $292 | $298 | $306 | $311 | $313 |
| ▁▃▅▄██▇▄ | Gross Loans ($M) | $1,921 | $1,939 | $1,953 | $1,950 | $1,984 | $1,983 | $1,976 | $1,950 |
| ▁▂▆▃▁▅▄█ | Total Deposits ($M) | $2,090 | $2,110 | $2,150 | $2,122 | $2,096 | $2,138 | $2,133 | $2,182 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 5% |
| Agricultural | 4% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 6% |