Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.70% | +0.14 | 1.57% |
| Return on Equity (%) | ▲ | 17.36% | +0.89 | 16.47% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.23 | 3.87% |
| Efficiency Ratio (%) | ▲ | 42.38% | -2.86 | 45.24% |
| Pre-Provision Profit ($M) | ▲ | $26 | +3.91 | $22 |
| Cost of Funds (%) | ▲ | 2.04% | -0.29 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,148 | +221.98 | $3,926 |
| Gross Loans ($M) | ▲ | $3,561 | +262.48 | $3,298 |
| Loan Growth YoY (%) | ▲ | 95.31% | +2.11 | 93.21% |
| Total Deposits ($M) | ▲ | $3,691 | +196.78 | $3,494 |
| Shareholders Equity ($M) | ▲ | $415 | +40.55 | $374 |
| Tang. Book Value ($M) | ▲ | $407 | +42.08 | $365 |
| TBV excl. AOCI ($M)** | ▲ | $411 | +42.15 | $368 |
| Loan / Deposit Ratio (%) | ▲ | 95.31% | +2.11 | 93.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.05 | 0.32% |
| Allowance / Loans (%) | — | 1.20% | -0.06% | 1.25% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.07 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.62% | +0.13 | 12.48% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.66% | 3.68% | 3.73% | 3.87% | 3.89% | 3.95% | 3.99% | 4.10% |
| ▁▂▄▃▄▄▅█ | Return on Assets (%) | 1.50% | 1.54% | 1.58% | 1.57% | 1.57% | 1.60% | 1.62% | 1.70% |
| ██▇▃▃▃▂▁ | Efficiency Ratio (%) | 51.0% | 50.0% | 49.2% | 45.2% | 44.9% | 45.0% | 44.3% | 42.4% |
| ▇█▆▄▄▄▂▁ | Cost of Funds (%) | 2.57% | 2.73% | 2.48% | 2.32% | 2.35% | 2.36% | 2.20% | 2.04% |
| ▆▂▁▃█▃▂▁ | NPA / Assets (%) | 0.42% | 0.29% | 0.28% | 0.32% | 0.48% | 0.33% | 0.31% | 0.26% |
| ▆▁▁▃█▃▃▁ | Net Charge-Off Ratio (%) | 0.49% | 0.32% | 0.33% | 0.38% | 0.56% | 0.39% | 0.37% | 0.30% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $335 | $347 | $355 | $365 | $375 | $386 | $398 | $407 |
| ▁▂▃▄▆▇▇█ | Gross Loans ($M) | $3,107 | $3,174 | $3,238 | $3,298 | $3,425 | $3,464 | $3,452 | $3,561 |
| ▁▁▃▅▆▇██ | Total Deposits ($M) | $3,193 | $3,256 | $3,402 | $3,494 | $3,573 | $3,658 | $3,761 | $3,691 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 6% |
| Agricultural | 8% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |