Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.12% | +0.54 | 1.58% |
| Return on Equity (%) | ▲ | 32.52% | +1.61 | 30.91% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.55 | 3.24% |
| Efficiency Ratio (%) | ▲ | 47.59% | -8.29 | 55.88% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.57 | $4 |
| Cost of Funds (%) | ▲ | 1.65% | -0.24 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,078 | +12.64 | $1,065 |
| Gross Loans ($M) | ▼ | $771 | -5.93 | $777 |
| Loan Growth YoY (%) | ▼ | 78.43% | -1.89 | 80.32% |
| Total Deposits ($M) | ▲ | $970 | +16.02 | $954 |
| Shareholders Equity ($M) | ▲ | $71 | +12.26 | $59 |
| Tang. Book Value ($M) | ▲ | $70 | +12.29 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +12.01 | $70 |
| Loan / Deposit Ratio (%) | ▼ | 78.43% | -1.89 | 80.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.15 | 0.55% |
| Allowance / Loans (%) | — | 1.38% | -0.04% | 1.43% |
| Net Charge-Off Ratio (%) | ▲ | 0.51% | -0.24 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.39% | +0.95 | 11.43% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 2.74% | 2.76% | 2.85% | 3.24% | 3.23% | 3.30% | 3.39% | 3.80% |
| ▁▁▁▃▅▅▆█ | Return on Assets (%) | 1.30% | 1.34% | 1.39% | 1.58% | 1.73% | 1.77% | 1.84% | 2.12% |
| ████▆▄▄▁ | Efficiency Ratio (%) | 57.0% | 56.7% | 56.1% | 55.9% | 53.7% | 52.1% | 51.4% | 47.6% |
| ██▇▄▅▆▃▁ | Cost of Funds (%) | 2.12% | 2.15% | 2.02% | 1.89% | 1.91% | 1.98% | 1.80% | 1.65% |
| ▄▁▃▆▆█▄▁ | NPA / Assets (%) | 0.51% | 0.41% | 0.46% | 0.55% | 0.57% | 0.63% | 0.50% | 0.39% |
| ▆▂▄▆▇█▅▁ | Net Charge-Off Ratio (%) | 0.74% | 0.59% | 0.65% | 0.75% | 0.82% | 0.87% | 0.69% | 0.51% |
| ▁▅▁▃▄▇██ | Tang. Book Value ($M) | $51 | $62 | $52 | $58 | $60 | $66 | $70 | $70 |
| ▁▆▇▅▆██▄ | Gross Loans ($M) | $761 | $780 | $784 | $777 | $778 | $785 | $788 | $771 |
| ▁▃▇▂█▃▄▄ | Total Deposits ($M) | $942 | $960 | $994 | $954 | $1,009 | $961 | $970 | $970 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Agricultural | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 3% |