Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.57% | +0.26 | 1.31% |
| Return on Equity (%) | ▲ | 14.08% | +1.98 | 12.10% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.21 | 3.26% |
| Efficiency Ratio (%) | ▲ | 47.12% | -3.18 | 50.30% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.27 | $6 |
| Cost of Funds (%) | ▲ | 2.13% | -0.23 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,601 | +140.00 | $1,461 |
| Gross Loans ($M) | ▲ | $1,158 | +199.73 | $958 |
| Loan Growth YoY (%) | ▲ | 84.92% | +7.76 | 77.16% |
| Total Deposits ($M) | ▲ | $1,359 | +122.20 | $1,237 |
| Shareholders Equity ($M) | ▲ | $177 | +16.03 | $161 |
| Tang. Book Value ($M) | ▲ | $170 | +17.01 | $153 |
| TBV excl. AOCI ($M)** | ▲ | $186 | +14.64 | $172 |
| Loan / Deposit Ratio (%) | ▲ | 84.92% | +7.76 | 77.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.03 | 0.05% |
| Allowance / Loans (%) | — | 0.28% | -0.06% | 0.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.05 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.33% | -0.23 | 14.56% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆████ | Net Interest Margin (%) | 2.80% | 2.85% | 2.83% | 3.26% | 3.39% | 3.41% | 3.44% | 3.47% |
| ▁▂▂▃██▆█ | Return on Assets (%) | 1.17% | 1.25% | 1.24% | 1.31% | 1.54% | 1.56% | 1.47% | 1.57% |
| █▆▇█▁▁▆▁ | Efficiency Ratio (%) | 50.8% | 49.5% | 50.1% | 50.3% | 46.6% | 46.9% | 49.5% | 47.1% |
| ██▂▃▂▃▁▁ | Cost of Funds (%) | 2.91% | 2.93% | 2.30% | 2.36% | 2.32% | 2.39% | 2.20% | 2.13% |
| ▁▁█▆▆▅▃▂ | NPA / Assets (%) | 0.00% | 0.01% | 0.07% | 0.05% | 0.05% | 0.04% | 0.02% | 0.02% |
| ▁▁█▆▅▄▃▂ | Net Charge-Off Ratio (%) | 0.00% | 0.01% | 0.11% | 0.08% | 0.07% | 0.05% | 0.03% | 0.03% |
| ▁▁▅▅▆███ | Tang. Book Value ($M) | $125 | $129 | $151 | $153 | $158 | $165 | $169 | $170 |
| ▁▁▃▃▅▅▇█ | Gross Loans ($M) | $842 | $847 | $951 | $958 | $1,010 | $1,028 | $1,081 | $1,158 |
| ▁▁▆▆▆▆▇█ | Total Deposits ($M) | $1,036 | $1,017 | $1,267 | $1,237 | $1,231 | $1,263 | $1,314 | $1,359 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 27% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 14% |