Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.22% | -0.09 | 2.31% |
| Return on Equity (%) | ▼ | 15.22% | -2.07 | 17.29% |
| Net Interest Margin (%) | ▲ | 4.64% | +0.19 | 4.46% |
| Efficiency Ratio (%) | ▼ | 32.60% | +1.74 | 30.86% |
| Pre-Provision Profit ($M) | ▲ | $18 | +0.68 | $17 |
| Cost of Funds (%) | ▲ | 1.39% | -0.13 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,256 | +35.13 | $2,221 |
| Gross Loans ($M) | ▲ | $1,687 | +262.42 | $1,424 |
| Loan Growth YoY (%) | ▲ | 86.99% | +11.52 | 75.47% |
| Total Deposits ($M) | ▲ | $1,905 | +51.07 | $1,854 |
| Shareholders Equity ($M) | ▲ | $336 | +34.66 | $301 |
| Tang. Book Value ($M) | ▲ | $336 | +34.66 | $301 |
| TBV excl. AOCI ($M)** | ▲ | $354 | +33.80 | $321 |
| Loan / Deposit Ratio (%) | ▲ | 86.99% | +11.52 | 75.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.37 | 0.18% |
| Allowance / Loans (%) | — | 1.74% | -0.01% | 1.75% |
| Net Charge-Off Ratio (%) | ▼ | 0.74% | +0.46 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.37% | -1.12 | 20.49% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆▆▁▆▇█▇ | Net Interest Margin (%) | 4.58% | 4.60% | 4.61% | 4.46% | 4.62% | 4.64% | 4.68% | 4.64% |
| ▃▆▁▇██▁▄ | Return on Assets (%) | 2.22% | 2.29% | 2.15% | 2.31% | 2.33% | 2.36% | 2.13% | 2.22% |
| ▅▃█▁▂▂█▃ | Efficiency Ratio (%) | 33.8% | 32.7% | 36.1% | 30.9% | 32.0% | 31.7% | 36.3% | 32.6% |
| ██▅▃▅▄▂▁ | Cost of Funds (%) | 1.84% | 1.81% | 1.67% | 1.52% | 1.63% | 1.57% | 1.50% | 1.39% |
| ▂▂█▁▁▁▄▆ | NPA / Assets (%) | 0.30% | 0.27% | 0.71% | 0.18% | 0.22% | 0.17% | 0.42% | 0.55% |
| ▂▂█▁▁▁▄▅ | Net Charge-Off Ratio (%) | 0.44% | 0.41% | 1.07% | 0.28% | 0.31% | 0.25% | 0.58% | 0.74% |
| ▁▃▂▄▅█▇█ | Tang. Book Value ($M) | $277 | $296 | $285 | $301 | $313 | $331 | $323 | $336 |
| ▁▁▂▁▄▅▇█ | Gross Loans ($M) | $1,388 | $1,397 | $1,437 | $1,424 | $1,533 | $1,557 | $1,642 | $1,687 |
| ▁▂▅▆▅███ | Total Deposits ($M) | $1,707 | $1,757 | $1,814 | $1,854 | $1,808 | $1,900 | $1,909 | $1,905 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 15% |
| Agricultural | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 15% |