Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.61% | +0.41 | 1.19% |
| Return on Equity (%) | ▲ | 16.44% | +3.38 | 13.06% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.41 | 3.46% |
| Efficiency Ratio (%) | ▲ | 59.00% | -6.86 | 65.86% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.60 | $7 |
| Cost of Funds (%) | ▲ | 1.32% | -0.26 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,375 | +71.85 | $2,304 |
| Gross Loans ($M) | ▲ | $1,338 | +114.56 | $1,224 |
| Loan Growth YoY (%) | ▲ | 63.04% | +3.41 | 59.62% |
| Total Deposits ($M) | ▲ | $2,096 | +69.83 | $2,026 |
| Shareholders Equity ($M) | ▲ | $222 | +6.79 | $215 |
| Tang. Book Value ($M) | ▲ | $204 | +6.92 | $198 |
| TBV excl. AOCI ($M)** | ▲ | $246 | +9.57 | $236 |
| Loan / Deposit Ratio (%) | ▲ | 63.04% | +3.41 | 59.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.06 | 0.04% |
| Allowance / Loans (%) | — | 1.28% | -0.01% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 0.17% | +0.10 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.75% | -0.28 | 14.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.07% | 3.15% | 3.21% | 3.46% | 3.50% | 3.61% | 3.71% | 3.87% |
| ▁▁▂▃▅▆▇█ | Return on Assets (%) | 0.96% | 1.03% | 1.11% | 1.19% | 1.36% | 1.41% | 1.47% | 1.61% |
| ██▆▆▅▄▂▁ | Efficiency Ratio (%) | 69.3% | 68.4% | 66.5% | 65.9% | 64.4% | 63.2% | 61.1% | 59.0% |
| ▇█▆▄▃▃▂▁ | Cost of Funds (%) | 1.75% | 1.86% | 1.69% | 1.59% | 1.51% | 1.52% | 1.39% | 1.32% |
| █▁▂▁▂▅▄▅ | NPA / Assets (%) | 0.16% | 0.02% | 0.05% | 0.04% | 0.05% | 0.09% | 0.07% | 0.09% |
| █▁▂▁▂▅▄▅ | Net Charge-Off Ratio (%) | 0.28% | 0.04% | 0.10% | 0.07% | 0.10% | 0.16% | 0.13% | 0.17% |
| ▁▃▂▄▅▇█▅ | Tang. Book Value ($M) | $179 | $193 | $189 | $198 | $204 | $215 | $224 | $204 |
| ▃▄▂▁▃█▆█ | Gross Loans ($M) | $1,262 | $1,269 | $1,241 | $1,224 | $1,262 | $1,334 | $1,297 | $1,338 |
| ▁▃▅▅█▅▇█ | Total Deposits ($M) | $1,931 | $1,990 | $2,033 | $2,026 | $2,094 | $2,024 | $2,057 | $2,096 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 6% |