Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.02% | -0.19 | 1.22% |
| Return on Equity (%) | ▼ | 13.36% | -2.38 | 15.74% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.23 | 3.08% |
| Efficiency Ratio (%) | ▼ | 60.19% | +4.27 | 55.92% |
| Pre-Provision Profit ($M) | ▼ | $13 | -1.30 | $14 |
| Cost of Funds (%) | ▲ | 2.01% | -0.30 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,820 | +204.49 | $3,616 |
| Gross Loans ($M) | ▲ | $2,937 | +146.77 | $2,790 |
| Loan Growth YoY (%) | ▼ | 82.69% | -0.59 | 83.27% |
| Total Deposits ($M) | ▲ | $3,507 | +199.04 | $3,308 |
| Shareholders Equity ($M) | ▲ | $292 | +11.31 | $281 |
| Tang. Book Value ($M) | ▲ | $290 | +11.64 | $278 |
| TBV excl. AOCI ($M)** | ▲ | $303 | +11.25 | $291 |
| Loan / Deposit Ratio (%) | ▼ | 82.69% | -0.59 | 83.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.10 | 0.08% |
| Allowance / Loans (%) | — | 1.27% | -0.01% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.14 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.75% | -0.14 | 9.88% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▁▁▃▅█ | Net Interest Margin (%) | 3.07% | 3.12% | 3.14% | 3.08% | 3.10% | 3.14% | 3.20% | 3.31% |
| ▁▁▂█▄▄▄▄ | Return on Assets (%) | 0.90% | 0.92% | 0.94% | 1.22% | 1.04% | 1.03% | 1.04% | 1.02% |
| ██▆▁▄▄▃█ | Efficiency Ratio (%) | 60.2% | 59.8% | 59.1% | 55.9% | 57.9% | 57.5% | 57.1% | 60.2% |
| ███▆▇█▄▁ | Cost of Funds (%) | 2.40% | 2.40% | 2.41% | 2.31% | 2.36% | 2.39% | 2.17% | 2.01% |
| ▁▂▂▁▄▆▆█ | NPA / Assets (%) | 0.07% | 0.08% | 0.09% | 0.08% | 0.12% | 0.15% | 0.15% | 0.18% |
| ▁▂▂▁▅▇▆█ | Net Charge-Off Ratio (%) | 0.08% | 0.10% | 0.12% | 0.10% | 0.16% | 0.20% | 0.19% | 0.24% |
| ▁▂▂▅▇███ | Tang. Book Value ($M) | $258 | $263 | $263 | $278 | $285 | $288 | $290 | $290 |
| ▁▁▂▂▃▂▇█ | Gross Loans ($M) | $2,755 | $2,770 | $2,796 | $2,790 | $2,808 | $2,784 | $2,899 | $2,937 |
| ▁▂▃▅▆███ | Total Deposits ($M) | $3,075 | $3,153 | $3,195 | $3,308 | $3,374 | $3,461 | $3,491 | $3,507 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 31% |
| Agricultural | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 16% |