Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.16 | 1.07% |
| Return on Equity (%) | ▼ | 11.52% | -1.35 | 12.87% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.25 | 3.48% |
| Efficiency Ratio (%) | ▲ | 55.85% | -4.34 | 60.19% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.43 | $7 |
| Cost of Funds (%) | ▲ | 1.82% | -0.35 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,243 | +301.97 | $1,941 |
| Gross Loans ($M) | ▲ | $1,561 | +130.69 | $1,430 |
| Loan Growth YoY (%) | ▼ | 78.84% | -3.04 | 81.88% |
| Total Deposits ($M) | ▲ | $1,958 | +229.32 | $1,729 |
| Shareholders Equity ($M) | ▲ | $240 | +76.59 | $163 |
| Tang. Book Value ($M) | ▲ | $228 | +76.97 | $151 |
| TBV excl. AOCI ($M)** | ▲ | $243 | +78.44 | $164 |
| Loan / Deposit Ratio (%) | ▼ | 78.84% | -3.04 | 81.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.41 | 0.01% |
| Allowance / Loans (%) | — | 1.12% | 0.07% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.60% | +0.59 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.30% | +3.35 | 11.95% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▅▇█▆ | Net Interest Margin (%) | 3.50% | 3.48% | 3.49% | 3.48% | 3.68% | 3.78% | 3.82% | 3.72% |
| ▂▂▃▁▆▅█▇ | Return on Assets (%) | 1.10% | 1.11% | 1.13% | 1.07% | 1.20% | 1.19% | 1.27% | 1.23% |
| ██▇█▄▃▁▄ | Efficiency Ratio (%) | 59.4% | 59.3% | 59.0% | 60.2% | 56.7% | 55.1% | 53.2% | 55.8% |
| ███▅▅▄▂▁ | Cost of Funds (%) | 2.38% | 2.45% | 2.41% | 2.17% | 2.16% | 2.08% | 1.92% | 1.82% |
| ▄▃▁▁▁███ | NPA / Assets (%) | 0.17% | 0.15% | 0.00% | 0.01% | 0.01% | 0.37% | 0.41% | 0.42% |
| ▃▃▁▁▁▇██ | Net Charge-Off Ratio (%) | 0.22% | 0.20% | 0.00% | 0.01% | 0.01% | 0.49% | 0.57% | 0.60% |
| ▁▁▁▂▃▇▇█ | Tang. Book Value ($M) | $135 | $145 | $143 | $151 | $158 | $208 | $216 | $228 |
| ▁▁▂▂▆▆██ | Gross Loans ($M) | $1,400 | $1,418 | $1,431 | $1,430 | $1,506 | $1,515 | $1,550 | $1,561 |
| ▁▂▄▄▄▅▇█ | Total Deposits ($M) | $1,532 | $1,631 | $1,695 | $1,729 | $1,744 | $1,753 | $1,868 | $1,958 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 17% |
| Agricultural | 25% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 12% |