Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.87% | +0.15 | 1.72% |
| Return on Equity (%) | ▲ | 14.80% | +0.85 | 13.95% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.31 | 3.00% |
| Efficiency Ratio (%) | ▲ | 39.42% | -0.94 | 40.36% |
| Pre-Provision Profit ($M) | ▲ | $13 | +1.94 | $12 |
| Cost of Funds (%) | ▲ | 2.74% | -0.00 | 2.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,587 | -61.58 | $2,648 |
| Gross Loans ($M) | ▼ | $2,024 | -14.54 | $2,039 |
| Loan Growth YoY (%) | ▲ | 92.04% | +2.41 | 89.63% |
| Total Deposits ($M) | ▼ | $2,157 | -77.91 | $2,234 |
| Shareholders Equity ($M) | ▲ | $333 | +29.93 | $303 |
| Tang. Book Value ($M) | ▲ | $333 | +29.93 | $303 |
| TBV excl. AOCI ($M)** | ▲ | $355 | +30.77 | $324 |
| Loan / Deposit Ratio (%) | ▲ | 92.04% | +2.41 | 89.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.08% | +1.18 | 0.91% |
| Allowance / Loans (%) | — | 1.95% | 0.18% | 1.77% |
| Net Charge-Off Ratio (%) | ▼ | 2.39% | +1.36 | 1.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▅▆█ | Net Interest Margin (%) | 2.61% | 2.69% | 2.94% | 3.00% | 3.05% | 3.01% | 3.09% | 3.31% |
| ▁▂▄▇▆▆▇█ | Return on Assets (%) | 1.11% | 1.25% | 1.48% | 1.72% | 1.67% | 1.61% | 1.69% | 1.87% |
| █▇▄▁▁▂▁▁ | Efficiency Ratio (%) | 51.0% | 49.2% | 44.3% | 40.4% | 39.7% | 41.5% | 39.4% | 39.4% |
| ██▅▁▆▆▂▁ | Cost of Funds (%) | 3.06% | 3.10% | 2.95% | 2.75% | 2.98% | 2.97% | 2.81% | 2.74% |
| ▅▄▁▁▁███ | NPA / Assets (%) | 1.56% | 1.37% | 0.91% | 0.91% | 1.03% | 2.07% | 2.08% | 2.08% |
| ▅▄▁▂▃█▇█ | Net Charge-Off Ratio (%) | 1.62% | 1.46% | 0.61% | 1.03% | 1.17% | 2.55% | 2.26% | 2.39% |
| ▁▅▇▁▃▅▇█ | Tang. Book Value ($M) | $307 | $320 | $329 | $303 | $312 | $319 | $327 | $333 |
| ▁▂▄▇▆██▅ | Gross Loans ($M) | $1,965 | $1,983 | $2,010 | $2,039 | $2,036 | $2,052 | $2,061 | $2,024 |
| ▁▁▂█▇█▇▅ | Total Deposits ($M) | $2,007 | $2,028 | $2,044 | $2,234 | $2,229 | $2,262 | $2,217 | $2,157 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Other | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 16% |