Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.02 | 1.23% |
| Return on Equity (%) | ▼ | 15.28% | -1.23 | 16.51% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.19 | 3.40% |
| Efficiency Ratio (%) | ▼ | 63.33% | +0.08 | 63.26% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.89 | $7 |
| Cost of Funds (%) | ▲ | 1.93% | -0.19 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,349 | +190.03 | $2,159 |
| Gross Loans ($M) | ▲ | $1,802 | +164.76 | $1,637 |
| Loan Growth YoY (%) | ▲ | 90.35% | +0.74 | 89.61% |
| Total Deposits ($M) | ▲ | $1,968 | +165.85 | $1,802 |
| Shareholders Equity ($M) | ▲ | $192 | +30.43 | $162 |
| Tang. Book Value ($M) | ▲ | $181 | +19.63 | $161 |
| TBV excl. AOCI ($M)** | ▲ | $202 | +23.02 | $179 |
| Loan / Deposit Ratio (%) | ▲ | 90.35% | +0.74 | 89.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.21% | +0.02 | 1.19% |
| Allowance / Loans (%) | — | 1.33% | -0.04% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 1.58% | +0.08 | 1.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.49% | -0.11 | 10.60% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▆▆▆▇█ | Net Interest Margin (%) | 2.90% | 3.04% | 3.04% | 3.40% | 3.36% | 3.38% | 3.42% | 3.59% |
| ▁▄▃█▅▆▇█ | Return on Assets (%) | 0.98% | 1.10% | 1.06% | 1.23% | 1.14% | 1.16% | 1.19% | 1.24% |
| █▄▇▁▆▂▁▁ | Efficiency Ratio (%) | 67.5% | 65.3% | 66.7% | 63.3% | 66.0% | 64.3% | 63.7% | 63.3% |
| ▇█▆▃▃▂▂▁ | Cost of Funds (%) | 2.41% | 2.51% | 2.33% | 2.12% | 2.08% | 2.06% | 2.04% | 1.93% |
| ▂▁▇██▇▇█ | NPA / Assets (%) | 0.37% | 0.21% | 1.12% | 1.19% | 1.25% | 1.01% | 1.02% | 1.21% |
| ▂▁▇██▇▇█ | Net Charge-Off Ratio (%) | 0.50% | 0.28% | 1.35% | 1.50% | 1.66% | 1.39% | 1.37% | 1.58% |
| ▁▃▂▃▃▆██ | Tang. Book Value ($M) | $151 | $161 | $157 | $161 | $162 | $174 | $183 | $181 |
| ▁▂▄▃▅▇██ | Gross Loans ($M) | $1,554 | $1,593 | $1,649 | $1,637 | $1,678 | $1,754 | $1,788 | $1,802 |
| ▁▂▂▃▃██▇ | Total Deposits ($M) | $1,699 | $1,759 | $1,751 | $1,802 | $1,813 | $2,028 | $2,030 | $1,968 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 9% |
| Agricultural | 11% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 16% |