Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.66% | +0.23 | 1.43% |
| Return on Equity (%) | ▲ | 14.78% | +1.29 | 13.49% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.29 | 3.68% |
| Efficiency Ratio (%) | ▼ | 49.96% | +0.11 | 49.85% |
| Pre-Provision Profit ($M) | ▲ | $28 | +2.60 | $25 |
| Cost of Funds (%) | ▲ | 0.86% | -0.12 | 0.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,084 | +193.89 | $4,890 |
| Gross Loans ($M) | ▲ | $2,815 | +203.37 | $2,612 |
| Loan Growth YoY (%) | ▲ | 75.29% | +2.89 | 72.41% |
| Total Deposits ($M) | ▲ | $3,710 | +130.25 | $3,580 |
| Shareholders Equity ($M) | ▲ | $576 | +41.29 | $535 |
| Tang. Book Value ($M) | ▲ | $575 | +41.69 | $534 |
| TBV excl. AOCI ($M)** | ▲ | $668 | +40.63 | $628 |
| Loan / Deposit Ratio (%) | ▲ | 75.29% | +2.89 | 72.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.19 | 0.09% |
| Allowance / Loans (%) | — | 0.76% | 0.01% | 0.75% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.27 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.54% | -0.85 | 19.39% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇██ | Net Interest Margin (%) | 3.04% | 3.11% | 3.24% | 3.68% | 3.73% | 3.78% | 3.88% | 3.97% |
| ▁▂▃▅▆▇▇█ | Return on Assets (%) | 1.09% | 1.16% | 1.26% | 1.43% | 1.46% | 1.53% | 1.54% | 1.66% |
| █▆▆▁▂▁▁▁ | Efficiency Ratio (%) | 55.1% | 53.7% | 53.6% | 49.9% | 50.7% | 49.7% | 50.0% | 50.0% |
| ▆██▂▂▁▁▁ | Cost of Funds (%) | 1.29% | 1.53% | 1.49% | 0.98% | 0.96% | 0.93% | 0.93% | 0.86% |
| ▁▁▁▁▅▆▆█ | NPA / Assets (%) | 0.09% | 0.08% | 0.09% | 0.09% | 0.20% | 0.21% | 0.21% | 0.28% |
| ▂▁▁▁▇█▇█ | Net Charge-Off Ratio (%) | 0.20% | 0.17% | 0.17% | 0.16% | 0.38% | 0.42% | 0.39% | 0.43% |
| ▁▄▃▅▆███ | Tang. Book Value ($M) | $483 | $526 | $515 | $534 | $549 | $566 | $568 | $575 |
| ▁▂▂▅▄▄▇█ | Gross Loans ($M) | $2,401 | $2,453 | $2,474 | $2,612 | $2,598 | $2,595 | $2,718 | $2,815 |
| ▅▆▄▁▁█▆▅ | Total Deposits ($M) | $3,699 | $3,728 | $3,679 | $3,580 | $3,586 | $3,808 | $3,735 | $3,710 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 16% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 46% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 4% |