Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +0.26 | 1.68% |
| Return on Equity (%) | ▲ | 20.12% | +2.10 | 18.02% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.03 | 3.78% |
| Efficiency Ratio (%) | ▲ | 48.89% | -1.49 | 50.37% |
| Pre-Provision Profit ($M) | ▲ | $39 | +5.67 | $33 |
| Cost of Funds (%) | ▲ | 1.81% | -0.11 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,678 | +903.63 | $6,775 |
| Gross Loans ($M) | ▲ | $5,055 | +361.66 | $4,693 |
| Loan Growth YoY (%) | ▼ | 78.48% | -3.41 | 81.89% |
| Total Deposits ($M) | ▲ | $6,322 | +692.78 | $5,629 |
| Shareholders Equity ($M) | ▲ | $742 | +88.57 | $653 |
| Tang. Book Value ($M) | ▲ | $714 | +88.86 | $625 |
| TBV excl. AOCI ($M)** | ▲ | $817 | +109.29 | $708 |
| Loan / Deposit Ratio (%) | ▼ | 78.48% | -3.41 | 81.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.11 | 0.52% |
| Allowance / Loans (%) | — | 1.84% | 0.07% | 1.77% |
| Net Charge-Off Ratio (%) | ▲ | 0.62% | -0.12 | 0.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.04% | +0.29 | 11.76% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇███▇ | Net Interest Margin (%) | 3.24% | 3.32% | 3.44% | 3.78% | 3.89% | 3.93% | 3.95% | 3.82% |
| ▁▁▂▅▄▆▇█ | Return on Assets (%) | 1.38% | 1.38% | 1.52% | 1.68% | 1.60% | 1.76% | 1.87% | 1.94% |
| ██▆▂▃▂▁▁ | Efficiency Ratio (%) | 58.0% | 57.2% | 55.4% | 50.4% | 51.3% | 51.0% | 49.9% | 48.9% |
| ██▄▃▂▂▂▁ | Cost of Funds (%) | 2.15% | 2.16% | 1.98% | 1.92% | 1.88% | 1.86% | 1.88% | 1.81% |
| ▁▁▄█▇▇▇▆ | NPA / Assets (%) | 0.15% | 0.19% | 0.32% | 0.52% | 0.46% | 0.44% | 0.44% | 0.41% |
| ▁▁▄█▇▇▇▇ | Net Charge-Off Ratio (%) | 0.23% | 0.28% | 0.47% | 0.74% | 0.65% | 0.63% | 0.66% | 0.62% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $555 | $597 | $592 | $625 | $645 | $675 | $704 | $714 |
| ▁▃▄▅▆▇██ | Gross Loans ($M) | $4,200 | $4,488 | $4,637 | $4,693 | $4,815 | $4,958 | $5,097 | $5,055 |
| ▁▂▄▄▄▅██ | Total Deposits ($M) | $5,104 | $5,363 | $5,647 | $5,629 | $5,598 | $5,836 | $6,229 | $6,322 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |