Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.27% | -0.25 | 1.51% |
| Return on Equity (%) | ▼ | 15.72% | -8.14 | 23.86% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.52 | 3.55% |
| Efficiency Ratio (%) | ▲ | 56.38% | -4.79 | 61.17% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.71 | $6 |
| Cost of Funds (%) | ▲ | 1.60% | -0.44 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,750 | -42.38 | $1,793 |
| Gross Loans ($M) | ▲ | $1,284 | +40.94 | $1,243 |
| Loan Growth YoY (%) | ▲ | 82.31% | +6.49 | 75.81% |
| Total Deposits ($M) | ▼ | $1,539 | -80.33 | $1,619 |
| Shareholders Equity ($M) | ▲ | $144 | +26.48 | $117 |
| Tang. Book Value ($M) | ▲ | $144 | +26.48 | $117 |
| TBV excl. AOCI ($M)** | ▲ | $159 | +27.15 | $132 |
| Loan / Deposit Ratio (%) | ▲ | 82.31% | +6.49 | 75.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.11% | +0.83 | 0.27% |
| Allowance / Loans (%) | — | 1.41% | 0.11% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 1.51% | +1.11 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.46% | +1.22 | 10.24% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▄▆▆█ | Net Interest Margin (%) | 3.39% | 3.45% | 3.48% | 3.55% | 3.71% | 3.84% | 3.90% | 4.07% |
| █▃▁▄▂▂▂▁ | Return on Assets (%) | 1.79% | 1.44% | 1.32% | 1.51% | 1.35% | 1.34% | 1.35% | 1.27% |
| █▇▅▅▂▁▁▁ | Efficiency Ratio (%) | 65.2% | 63.9% | 61.3% | 61.2% | 57.8% | 56.1% | 55.8% | 56.4% |
| ▇███▇▅▄▁ | Cost of Funds (%) | 1.98% | 2.04% | 2.08% | 2.04% | 2.00% | 1.88% | 1.80% | 1.60% |
| ▁▁▁▂▄▄▆█ | NPA / Assets (%) | 0.21% | 0.18% | 0.11% | 0.27% | 0.58% | 0.50% | 0.74% | 1.11% |
| ▁▁▁▂▄▄▆█ | Net Charge-Off Ratio (%) | 0.28% | 0.24% | 0.16% | 0.39% | 0.81% | 0.69% | 1.05% | 1.51% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $97 | $107 | $107 | $117 | $124 | $133 | $141 | $144 |
| ▁▃▄▆██▇█ | Gross Loans ($M) | $1,149 | $1,187 | $1,215 | $1,243 | $1,269 | $1,280 | $1,261 | $1,284 |
| ▁▃▇█▇▇▇▆ | Total Deposits ($M) | $1,380 | $1,454 | $1,578 | $1,619 | $1,575 | $1,562 | $1,586 | $1,539 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 16% |
| Agricultural | 14% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 14% |