Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.31 | 1.05% |
| Return on Equity (%) | ▲ | 10.58% | +1.97 | 8.61% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.28 | 4.17% |
| Efficiency Ratio (%) | ▲ | 55.47% | -7.89 | 63.36% |
| Pre-Provision Profit ($M) | ▲ | $17 | +4.64 | $13 |
| Cost of Funds (%) | ▲ | 1.20% | -0.16 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,697 | +147.43 | $3,550 |
| Gross Loans ($M) | ▲ | $2,551 | +204.16 | $2,347 |
| Loan Growth YoY (%) | ▲ | 80.09% | +0.91 | 79.18% |
| Total Deposits ($M) | ▲ | $3,148 | +216.37 | $2,931 |
| Shareholders Equity ($M) | ▲ | $477 | +40.01 | $437 |
| Tang. Book Value ($M) | ▲ | $370 | +41.20 | $329 |
| TBV excl. AOCI ($M)** | ▲ | $408 | +40.15 | $368 |
| Loan / Deposit Ratio (%) | ▲ | 80.09% | +0.91 | 79.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.43 | 0.20% |
| Allowance / Loans (%) | — | 1.18% | 0.07% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.90% | +0.61 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.81% | +0.05 | 13.75% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▆▆█ | Net Interest Margin (%) | 3.99% | 4.05% | 4.12% | 4.17% | 4.23% | 4.30% | 4.33% | 4.44% |
| ▁▂▃▇▆▇▇█ | Return on Assets (%) | 0.07% | 0.24% | 0.44% | 1.05% | 1.02% | 1.12% | 1.18% | 1.36% |
| ██▇▄▃▂▁▁ | Efficiency Ratio (%) | 74.1% | 76.1% | 72.2% | 63.4% | 61.2% | 59.1% | 57.9% | 55.5% |
| ██▅▄▃▁▁▁ | Cost of Funds (%) | 1.61% | 1.60% | 1.43% | 1.36% | 1.32% | 1.22% | 1.20% | 1.20% |
| ▁▁▃▂▂▂▂█ | NPA / Assets (%) | 0.09% | 0.11% | 0.24% | 0.20% | 0.19% | 0.20% | 0.19% | 0.62% |
| ▁▁▃▂▂▂▂█ | Net Charge-Off Ratio (%) | 0.13% | 0.16% | 0.36% | 0.30% | 0.28% | 0.29% | 0.27% | 0.90% |
| ▁▂▂▃▄▇██ | Tang. Book Value ($M) | $310 | $322 | $320 | $329 | $338 | $356 | $365 | $370 |
| ▁▂▃▃▄▆██ | Gross Loans ($M) | $2,257 | $2,297 | $2,334 | $2,347 | $2,399 | $2,451 | $2,541 | $2,551 |
| ▁▂▂▂▄▆▇█ | Total Deposits ($M) | $2,868 | $2,922 | $2,911 | $2,931 | $2,995 | $3,077 | $3,097 | $3,148 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 16% |