Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +0.37 | 1.57% |
| Return on Equity (%) | ▲ | 16.29% | +2.30 | 13.99% |
| Net Interest Margin (%) | ▲ | 4.49% | +0.58 | 3.92% |
| Efficiency Ratio (%) | ▲ | 41.04% | -4.12 | 45.16% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.14 | $7 |
| Cost of Funds (%) | ▲ | 1.74% | -0.11 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,371 | +87.23 | $1,283 |
| Gross Loans ($M) | ▲ | $1,050 | +103.58 | $947 |
| Loan Growth YoY (%) | ▲ | 86.98% | +4.26 | 82.73% |
| Total Deposits ($M) | ▲ | $1,191 | +61.88 | $1,129 |
| Shareholders Equity ($M) | ▲ | $163 | +20.12 | $143 |
| Tang. Book Value ($M) | ▲ | $161 | +20.12 | $141 |
| TBV excl. AOCI ($M)** | ▲ | $172 | +19.24 | $153 |
| Loan / Deposit Ratio (%) | ▲ | 86.98% | +4.26 | 82.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.38 | 0.16% |
| Allowance / Loans (%) | — | 1.40% | 0.03% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 0.71% | +0.50 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.39% | +0.11 | 15.27% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.57% | 3.65% | 3.71% | 3.92% | 4.04% | 4.15% | 4.24% | 4.49% |
| ▁▁▂▃▃▄▃█ | Return on Assets (%) | 1.36% | 1.41% | 1.43% | 1.57% | 1.58% | 1.59% | 1.57% | 1.94% |
| █▇▇▄▄▃▄▁ | Efficiency Ratio (%) | 50.1% | 48.7% | 49.0% | 45.2% | 45.1% | 43.9% | 44.5% | 41.0% |
| ▇██▃▃▅▃▁ | Cost of Funds (%) | 2.03% | 2.09% | 2.07% | 1.85% | 1.86% | 1.93% | 1.83% | 1.74% |
| ▁▁▁▂▁▄▄█ | NPA / Assets (%) | 0.10% | 0.09% | 0.10% | 0.16% | 0.10% | 0.31% | 0.31% | 0.55% |
| ▁▁▁▂▁▄▄█ | Net Charge-Off Ratio (%) | 0.12% | 0.12% | 0.13% | 0.21% | 0.12% | 0.38% | 0.38% | 0.71% |
| ▁▃▃▃▄▇██ | Tang. Book Value ($M) | $130 | $141 | $138 | $141 | $142 | $154 | $159 | $161 |
| ▁▂▁▃▅███ | Gross Loans ($M) | $911 | $936 | $918 | $947 | $994 | $1,051 | $1,036 | $1,050 |
| ▁▁▁▄█▆▇█ | Total Deposits ($M) | $1,080 | $1,093 | $1,087 | $1,129 | $1,182 | $1,157 | $1,166 | $1,191 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 7% |
| Agricultural | 17% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 15% |