Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.43 | 0.81% |
| Return on Equity (%) | ▲ | 12.72% | +3.40 | 9.32% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.72 | 2.72% |
| Efficiency Ratio (%) | ▲ | 54.24% | -9.19 | 63.42% |
| Pre-Provision Profit ($M) | ▲ | $33 | +13.16 | $20 |
| Cost of Funds (%) | ▲ | 1.32% | -0.32 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,560 | +282.84 | $7,277 |
| Gross Loans ($M) | ▲ | $5,304 | +493.04 | $4,811 |
| Loan Growth YoY (%) | ▲ | 79.17% | +4.21 | 74.96% |
| Total Deposits ($M) | ▲ | $6,615 | +278.86 | $6,336 |
| Shareholders Equity ($M) | ▲ | $745 | +98.83 | $646 |
| Tang. Book Value ($M) | ▲ | $708 | +98.83 | $610 |
| TBV excl. AOCI ($M)** | ▲ | $800 | +83.71 | $716 |
| Loan / Deposit Ratio (%) | ▲ | 79.17% | +4.21 | 74.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.06 | 0.04% |
| Allowance / Loans (%) | — | 1.26% | -0.02% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.08 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.42% | -0.31 | 14.74% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 2.25% | 2.30% | 2.40% | 2.72% | 2.84% | 2.95% | 3.05% | 3.44% |
| ▁▁▂▂▄▅▆█ | Return on Assets (%) | 0.67% | 0.69% | 0.75% | 0.81% | 0.92% | 1.01% | 1.07% | 1.24% |
| ██▇▇▅▃▂▁ | Efficiency Ratio (%) | 65.5% | 65.0% | 62.8% | 63.4% | 60.0% | 57.8% | 56.3% | 54.2% |
| ██▇▄▄▄▂▁ | Cost of Funds (%) | 2.07% | 2.04% | 1.96% | 1.63% | 1.64% | 1.61% | 1.48% | 1.32% |
| ▁▁▁▂▂█▆▅ | NPA / Assets (%) | 0.02% | 0.01% | 0.01% | 0.04% | 0.04% | 0.18% | 0.13% | 0.10% |
| ▁▁▁▂▂█▆▄ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.01% | 0.05% | 0.07% | 0.26% | 0.19% | 0.14% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $519 | $571 | $577 | $610 | $644 | $672 | $702 | $708 |
| ▁▁▂▃▄▅██ | Gross Loans ($M) | $4,645 | $4,670 | $4,734 | $4,811 | $4,951 | $5,046 | $5,233 | $5,304 |
| ▁▃▃▃▄▅█▇ | Total Deposits ($M) | $6,135 | $6,310 | $6,306 | $6,336 | $6,369 | $6,472 | $6,752 | $6,615 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 4% |
| Agricultural | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |