Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.79% | -0.03 | 1.81% |
| Return on Equity (%) | ▼ | 14.41% | -1.54 | 15.95% |
| Net Interest Margin (%) | ▲ | 5.16% | +0.14 | 5.02% |
| Efficiency Ratio (%) | ▲ | 51.11% | -0.29 | 51.40% |
| Pre-Provision Profit ($M) | ▲ | $13 | +2.66 | $11 |
| Cost of Funds (%) | ▼ | 0.73% | +0.27 | 0.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,200 | +566.72 | $1,633 |
| Gross Loans ($M) | ▲ | $1,506 | +491.76 | $1,014 |
| Loan Growth YoY (%) | ▲ | 83.57% | +11.37 | 72.20% |
| Total Deposits ($M) | ▲ | $1,779 | +392.78 | $1,386 |
| Shareholders Equity ($M) | ▲ | $277 | +87.58 | $190 |
| Tang. Book Value ($M) | ▲ | $241 | +59.37 | $182 |
| TBV excl. AOCI ($M)** | ▲ | $265 | +60.49 | $204 |
| Loan / Deposit Ratio (%) | ▲ | 83.57% | +11.37 | 72.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.65% | +0.42 | 0.23% |
| Allowance / Loans (%) | — | 1.28% | -0.03% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.94% | +0.58 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.50% | -2.27 | 17.78% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▃▇█▇ | Net Interest Margin (%) | 4.84% | 4.90% | 4.96% | 5.02% | 4.98% | 5.17% | 5.25% | 5.16% |
| ▅▇██▆▁▅█ | Return on Assets (%) | 1.65% | 1.75% | 1.80% | 1.81% | 1.71% | 1.45% | 1.64% | 1.79% |
| ▁▂▃███▆█ | Efficiency Ratio (%) | 33.6% | 37.8% | 40.1% | 51.4% | 51.8% | 51.2% | 47.3% | 51.1% |
| ▅▆▂▁▃██▇ | Cost of Funds (%) | 0.63% | 0.68% | 0.53% | 0.47% | 0.57% | 0.76% | 0.79% | 0.73% |
| ▅▁▁▁█▆▆▆ | NPA / Assets (%) | 0.56% | 0.28% | 0.26% | 0.23% | 0.84% | 0.68% | 0.68% | 0.65% |
| ▅▁▁▁█▆▆▅ | Net Charge-Off Ratio (%) | 0.90% | 0.44% | 0.40% | 0.36% | 1.34% | 1.00% | 1.00% | 0.94% |
| ▁▂▂▃▃▆██ | Tang. Book Value ($M) | $162 | $178 | $173 | $182 | $187 | $221 | $236 | $241 |
| ▁▁▁▁▁███ | Gross Loans ($M) | $1,001 | $1,007 | $1,019 | $1,014 | $1,021 | $1,500 | $1,516 | $1,506 |
| ▁▁▂▂▂███ | Total Deposits ($M) | $1,315 | $1,362 | $1,383 | $1,386 | $1,381 | $1,834 | $1,819 | $1,779 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 11% |
| Agricultural | 2% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 47% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 8% |