Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.42 | 0.89% |
| Return on Equity (%) | ▲ | 12.90% | +3.98 | 8.92% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.76 | 2.97% |
| Efficiency Ratio (%) | ▲ | 47.55% | -13.27 | 60.82% |
| Pre-Provision Profit ($M) | ▲ | $12 | +6.54 | $6 |
| Cost of Funds (%) | ▲ | 1.74% | -0.12 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,583 | +599.17 | $1,983 |
| Gross Loans ($M) | ▲ | $1,886 | +527.44 | $1,359 |
| Loan Growth YoY (%) | ▲ | 86.68% | +8.30 | 78.37% |
| Total Deposits ($M) | ▲ | $2,153 | +442.96 | $1,710 |
| Shareholders Equity ($M) | ▲ | $261 | +59.43 | $202 |
| Tang. Book Value ($M) | ▲ | $194 | +43.32 | $151 |
| TBV excl. AOCI ($M)** | ▲ | $218 | +43.82 | $174 |
| Loan / Deposit Ratio (%) | ▲ | 86.68% | +8.30 | 78.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.98% | +0.31 | 0.67% |
| Allowance / Loans (%) | — | 1.07% | -0.30% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.90% | -0.07 | 0.97% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.53% | -1.01 | 11.54% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▃▄█ | Net Interest Margin (%) | 2.77% | 2.77% | 2.80% | 2.97% | 3.03% | 3.09% | 3.17% | 3.73% |
| ▁▁▂▄▅▅▆█ | Return on Assets (%) | 0.50% | 0.58% | 0.67% | 0.89% | 0.97% | 0.98% | 1.06% | 1.31% |
| ███▇▆▆▅▁ | Efficiency Ratio (%) | 64.3% | 65.0% | 64.4% | 60.8% | 59.1% | 59.3% | 57.3% | 47.6% |
| ▇█▇▆▅▅▁▃ | Cost of Funds (%) | 1.93% | 1.97% | 1.90% | 1.86% | 1.85% | 1.83% | 1.65% | 1.74% |
| ▂▁▁▃▅▁▂█ | NPA / Assets (%) | 0.56% | 0.50% | 0.51% | 0.67% | 0.78% | 0.49% | 0.59% | 0.98% |
| ▆▅▅▇█▁▂▆ | Net Charge-Off Ratio (%) | 0.84% | 0.75% | 0.75% | 0.97% | 1.15% | 0.15% | 0.37% | 0.90% |
| ▁▂▂▃▄▄██ | Tang. Book Value ($M) | $133 | $147 | $143 | $151 | $157 | $163 | $191 | $194 |
| ▁▁▁▂▂▂▇█ | Gross Loans ($M) | $1,271 | $1,278 | $1,331 | $1,359 | $1,380 | $1,403 | $1,807 | $1,886 |
| ▁▁▁▁▂▂██ | Total Deposits ($M) | $1,655 | $1,648 | $1,703 | $1,710 | $1,728 | $1,737 | $2,126 | $2,153 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 59% |
| C&I / Commercial | 14% |
| Agricultural | 23% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 10% |