Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.84% | +0.35 | 0.49% |
| Return on Equity (%) | ▲ | 12.79% | +4.61 | 8.18% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.44 | 2.89% |
| Efficiency Ratio (%) | ▲ | 67.31% | -9.07 | 76.38% |
| Pre-Provision Profit ($M) | ▲ | $9 | +3.78 | $6 |
| Cost of Funds (%) | ▲ | 2.15% | -0.19 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,260 | +88.88 | $3,171 |
| Gross Loans ($M) | ▲ | $2,549 | +86.91 | $2,462 |
| Loan Growth YoY (%) | ▼ | 83.98% | -0.35 | 84.33% |
| Total Deposits ($M) | ▲ | $3,006 | +113.48 | $2,892 |
| Shareholders Equity ($M) | ▲ | $214 | +25.46 | $188 |
| Tang. Book Value ($M) | ▲ | $204 | +25.65 | $178 |
| TBV excl. AOCI ($M)** | ▲ | $231 | +26.25 | $205 |
| Loan / Deposit Ratio (%) | ▼ | 83.98% | -0.35 | 84.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.02 | 0.26% |
| Allowance / Loans (%) | — | 0.97% | 0.03% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.02 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.02% | +0.16 | 9.86% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 2.36% | 2.40% | 2.50% | 2.89% | 3.07% | 3.10% | 3.16% | 3.33% |
| ▁▁▂▄████ | Return on Assets (%) | 0.15% | 0.16% | 0.28% | 0.49% | 0.87% | 0.82% | 0.81% | 0.84% |
| ██▇▅▁▁▂▂ | Efficiency Ratio (%) | 86.5% | 85.9% | 81.2% | 76.4% | 63.2% | 65.9% | 67.0% | 67.3% |
| ▇█▇▃▃▃▂▁ | Cost of Funds (%) | 2.61% | 2.70% | 2.56% | 2.34% | 2.35% | 2.35% | 2.27% | 2.15% |
| ▆▃▁▃█▇▆▆ | NPA / Assets (%) | 0.27% | 0.25% | 0.24% | 0.26% | 0.29% | 0.28% | 0.27% | 0.27% |
| ▆▃▁▃█▇▆▆ | Net Charge-Off Ratio (%) | 0.35% | 0.33% | 0.31% | 0.33% | 0.37% | 0.36% | 0.35% | 0.35% |
| ▁▂▁▁▃▆██ | Tang. Book Value ($M) | $174 | $181 | $177 | $178 | $184 | $195 | $207 | $204 |
| ▁▂▃▅▆▇██ | Gross Loans ($M) | $2,344 | $2,395 | $2,419 | $2,462 | $2,499 | $2,523 | $2,568 | $2,549 |
| ▁▄▄▆▆▇██ | Total Deposits ($M) | $2,692 | $2,814 | $2,837 | $2,892 | $2,926 | $2,955 | $2,979 | $3,006 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 44% |
| C&I / Commercial | 21% |
| Agricultural | 2% |
| Consumer | 31% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 21% |