Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.05% | -0.64 | 1.69% |
| Return on Equity (%) | ▼ | 10.25% | -9.03 | 19.28% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.29 | 3.53% |
| Efficiency Ratio (%) | ▼ | 46.42% | +2.09 | 44.33% |
| Pre-Provision Profit ($M) | ▲ | $15 | +0.48 | $14 |
| Cost of Funds (%) | ▲ | 1.60% | -0.23 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,782 | -94.71 | $2,876 |
| Gross Loans ($M) | ▲ | $1,543 | +154.99 | $1,388 |
| Loan Growth YoY (%) | ▲ | 61.15% | +8.64 | 52.51% |
| Total Deposits ($M) | ▼ | $2,469 | -123.48 | $2,592 |
| Shareholders Equity ($M) | ▲ | $287 | +34.31 | $252 |
| Tang. Book Value ($M) | ▲ | $278 | +34.31 | $243 |
| TBV excl. AOCI ($M)** | ▲ | $311 | +42.65 | $269 |
| Loan / Deposit Ratio (%) | ▲ | 61.15% | +8.64 | 52.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.30% | +0.34 | 0.97% |
| Allowance / Loans (%) | — | 2.19% | 0.23% | 1.95% |
| Net Charge-Off Ratio (%) | ▼ | 2.00% | +0.11 | 1.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.80% | +0.34 | 15.46% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▁▅▅▅▄ | Net Interest Margin (%) | 4.08% | 4.18% | 4.15% | 3.53% | 3.87% | 3.88% | 3.93% | 3.82% |
| ▄▆█▆█▆▇▁ | Return on Assets (%) | 1.50% | 1.70% | 2.05% | 1.69% | 1.97% | 1.74% | 1.83% | 1.05% |
| ▃▃▁▆▁▁▂█ | Efficiency Ratio (%) | 42.8% | 42.1% | 41.3% | 44.3% | 40.6% | 41.2% | 41.6% | 46.4% |
| ▇█▄▄▆▅▂▁ | Cost of Funds (%) | 2.03% | 2.14% | 1.81% | 1.83% | 2.00% | 1.88% | 1.71% | 1.60% |
| ▃▁▂▃▄▂▂█ | NPA / Assets (%) | 0.94% | 0.80% | 0.88% | 0.97% | 1.04% | 0.92% | 0.86% | 1.30% |
| ▄▁▄▇▄▁▁█ | Net Charge-Off Ratio (%) | 1.56% | 1.24% | 1.59% | 1.89% | 1.57% | 1.31% | 1.24% | 2.00% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $212 | $233 | $234 | $243 | $253 | $267 | $277 | $278 |
| ▂▅▂▁▅███ | Gross Loans ($M) | $1,420 | $1,479 | $1,428 | $1,388 | $1,482 | $1,555 | $1,545 | $1,543 |
| ▁▂▇█▅▆▇▆ | Total Deposits ($M) | $2,117 | $2,224 | $2,496 | $2,592 | $2,400 | $2,445 | $2,500 | $2,469 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 59% |
| C&I / Commercial | 36% |
| Agricultural | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 5% |