Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.35 | 1.09% |
| Return on Equity (%) | ▲ | 15.24% | +2.45 | 12.79% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.58 | 2.69% |
| Efficiency Ratio (%) | ▲ | 47.43% | -9.64 | 57.07% |
| Pre-Provision Profit ($M) | ▲ | $43 | +15.70 | $27 |
| Cost of Funds (%) | ▲ | 1.63% | -0.30 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,115 | +660.18 | $8,455 |
| Gross Loans ($M) | ▲ | $6,737 | +514.70 | $6,222 |
| Loan Growth YoY (%) | ▼ | 81.92% | -0.73 | 82.64% |
| Total Deposits ($M) | ▲ | $8,132 | +689.99 | $7,443 |
| Shareholders Equity ($M) | ▲ | $849 | +110.46 | $738 |
| Tang. Book Value ($M) | ▲ | $826 | +110.46 | $716 |
| TBV excl. AOCI ($M)** | ▲ | $894 | +91.88 | $802 |
| Loan / Deposit Ratio (%) | ▼ | 81.92% | -0.73 | 82.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.01 | 0.20% |
| Allowance / Loans (%) | — | 1.11% | -0.04% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 0.16% | +0.04 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.08% | +0.16 | 11.92% |
Noninterest income ($11.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.15% | 2.20% | 2.29% | 2.69% | 2.81% | 2.92% | 3.00% | 3.27% |
| ▁▁▂▅▅▆▇█ | Return on Assets (%) | 0.63% | 0.67% | 0.76% | 1.09% | 1.14% | 1.21% | 1.26% | 1.45% |
| █▇▆▄▃▂▂▁ | Efficiency Ratio (%) | 68.2% | 64.6% | 61.8% | 57.1% | 54.4% | 52.5% | 51.7% | 47.4% |
| ██▇▃▄▃▂▁ | Cost of Funds (%) | 2.47% | 2.44% | 2.29% | 1.93% | 1.95% | 1.90% | 1.75% | 1.63% |
| █▂▂▂▂▂▁▃ | NPA / Assets (%) | 0.42% | 0.20% | 0.20% | 0.20% | 0.18% | 0.17% | 0.13% | 0.21% |
| █▃▂▂▁▁▁▂ | Net Charge-Off Ratio (%) | 0.49% | 0.18% | 0.12% | 0.13% | 0.10% | 0.08% | 0.05% | 0.16% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $636 | $680 | $672 | $716 | $757 | $798 | $835 | $826 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $5,991 | $6,027 | $6,170 | $6,222 | $6,342 | $6,425 | $6,608 | $6,737 |
| ▁▂▂▃▄▄▆█ | Total Deposits ($M) | $7,053 | $7,305 | $7,255 | $7,443 | $7,541 | $7,540 | $7,840 | $8,132 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 9% |
| Agricultural | 12% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 7% |