Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.84% | +0.20 | 1.64% |
| Return on Equity (%) | ▲ | 18.59% | +3.33 | 15.26% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.28 | 3.95% |
| Efficiency Ratio (%) | ▲ | 40.10% | -0.96 | 41.07% |
| Pre-Provision Profit ($M) | ▲ | $22 | +2.70 | $20 |
| Cost of Funds (%) | ▲ | 2.06% | -0.24 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,497 | +160.51 | $3,337 |
| Gross Loans ($M) | ▲ | $2,635 | +168.82 | $2,466 |
| Loan Growth YoY (%) | ▲ | 83.40% | +0.91 | 82.49% |
| Total Deposits ($M) | ▲ | $3,119 | +167.66 | $2,952 |
| Shareholders Equity ($M) | ▼ | $353 | -6.95 | $360 |
| Tang. Book Value ($M) | ▼ | $353 | -6.93 | $360 |
| TBV excl. AOCI ($M)** | ▼ | $360 | -6.11 | $366 |
| Loan / Deposit Ratio (%) | ▲ | 83.40% | +0.91 | 82.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.02 | 0.28% |
| Allowance / Loans (%) | — | 1.28% | -0.00% | 1.28% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.03 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.93% | -1.44 | 13.37% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▃▄▅▅ | Net Interest Margin (%) | 4.42% | 4.39% | 4.34% | 3.95% | 4.08% | 4.15% | 4.20% | 4.24% |
| ▆█▆▁▂▅█▇ | Return on Assets (%) | 1.80% | 1.88% | 1.81% | 1.64% | 1.70% | 1.77% | 1.88% | 1.84% |
| ▃▁▅▂▂█▆▁ | Efficiency Ratio (%) | 41.3% | 40.2% | 42.4% | 41.1% | 40.6% | 44.3% | 43.3% | 40.1% |
| ▄▆█▅▆▅▆▁ | Cost of Funds (%) | 2.23% | 2.32% | 2.46% | 2.30% | 2.36% | 2.28% | 2.36% | 2.06% |
| ▅▄▇█▆▁▁▆ | NPA / Assets (%) | 0.25% | 0.23% | 0.27% | 0.28% | 0.26% | 0.20% | 0.21% | 0.26% |
| ▂▂▇█▅▁▁▆ | Net Charge-Off Ratio (%) | 0.22% | 0.23% | 0.29% | 0.30% | 0.26% | 0.20% | 0.21% | 0.27% |
| ▁▂▄▅▇█▂▄ | Tang. Book Value ($M) | $332 | $343 | $352 | $360 | $368 | $380 | $344 | $353 |
| ▁▁▁▃▆▇▆█ | Gross Loans ($M) | $2,396 | $2,426 | $2,404 | $2,466 | $2,550 | $2,596 | $2,562 | $2,635 |
| ▁▃▅▅▅███ | Total Deposits ($M) | $2,565 | $2,769 | $2,905 | $2,952 | $2,926 | $3,184 | $3,160 | $3,119 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 11% |