Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.71% | -0.01 | 1.71% |
| Return on Equity (%) | ▼ | 14.93% | -0.89 | 15.82% |
| Net Interest Margin (%) | ▲ | 4.20% | +0.05 | 4.16% |
| Efficiency Ratio (%) | ▼ | 45.52% | +3.33 | 42.19% |
| Pre-Provision Profit ($M) | ▼ | $34 | -0.04 | $34 |
| Cost of Funds (%) | ▼ | 1.00% | +0.04 | 0.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,836 | +152.89 | $5,684 |
| Gross Loans ($M) | ▲ | $3,617 | +32.70 | $3,584 |
| Loan Growth YoY (%) | ▼ | 69.13% | -1.30 | 70.43% |
| Total Deposits ($M) | ▲ | $5,121 | +138.60 | $4,982 |
| Shareholders Equity ($M) | ▲ | $664 | +49.69 | $614 |
| Tang. Book Value ($M) | ▲ | $651 | +50.21 | $601 |
| TBV excl. AOCI ($M)** | ▲ | $732 | +67.96 | $664 |
| Loan / Deposit Ratio (%) | ▼ | 69.13% | -1.30 | 70.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.05 | 0.02% |
| Allowance / Loans (%) | — | 2.13% | 0.02% | 2.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.11 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.40% | +0.39 | 14.01% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▇██▇ | Net Interest Margin (%) | 4.08% | 4.11% | 4.13% | 4.16% | 4.21% | 4.22% | 4.24% | 4.20% |
| ▁▁▁▇▇██▅ | Return on Assets (%) | 1.68% | 1.68% | 1.68% | 1.71% | 1.72% | 1.72% | 1.73% | 1.71% |
| ▅▇▇▁▂▄▄█ | Efficiency Ratio (%) | 44.0% | 45.0% | 44.7% | 42.2% | 42.8% | 43.5% | 43.6% | 45.5% |
| █▅▂▁▄▂▂▁ | Cost of Funds (%) | 1.42% | 1.20% | 1.07% | 0.96% | 1.16% | 1.05% | 1.04% | 1.00% |
| ▁▅▃▁▂▄▁█ | NPA / Assets (%) | 0.02% | 0.04% | 0.03% | 0.02% | 0.02% | 0.03% | 0.01% | 0.07% |
| ▁▃▂▁▁▃▂█ | Net Charge-Off Ratio (%) | 0.00% | 0.04% | 0.03% | 0.01% | 0.00% | 0.03% | 0.02% | 0.11% |
| ▁▃▁▃▅▅▇█ | Tang. Book Value ($M) | $574 | $601 | $572 | $601 | $617 | $620 | $641 | $651 |
| ▇█▇▁▃▂▅▃ | Gross Loans ($M) | $3,682 | $3,704 | $3,678 | $3,584 | $3,624 | $3,608 | $3,649 | $3,617 |
| ▁▂▂▆▃▅▆█ | Total Deposits ($M) | $4,600 | $4,712 | $4,706 | $4,982 | $4,765 | $4,911 | $4,985 | $5,121 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 13% |
| Agricultural | 7% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 9% |