Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.02 | 1.35% |
| Return on Equity (%) | ▼ | 10.12% | -0.51 | 10.63% |
| Net Interest Margin (%) | ▲ | 4.36% | +0.24 | 4.12% |
| Efficiency Ratio (%) | ▼ | 57.91% | +0.13 | 57.79% |
| Pre-Provision Profit ($M) | ▲ | $16 | +1.11 | $15 |
| Cost of Funds (%) | ▲ | 1.40% | -0.28 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,543 | +67.60 | $3,476 |
| Gross Loans ($M) | ▼ | $2,730 | -19.43 | $2,749 |
| Loan Growth YoY (%) | ▼ | 88.89% | -6.92 | 95.81% |
| Total Deposits ($M) | ▲ | $3,033 | +198.25 | $2,835 |
| Shareholders Equity ($M) | ▲ | $484 | +39.73 | $445 |
| Tang. Book Value ($M) | ▲ | $401 | +40.78 | $360 |
| TBV excl. AOCI ($M)** | ▲ | $420 | +40.01 | $380 |
| Loan / Deposit Ratio (%) | ▼ | 88.89% | -6.92 | 95.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.12% | +0.51 | 0.62% |
| Allowance / Loans (%) | — | 1.23% | 0.02% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 1.31% | +0.62 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.44% | +1.09 | 13.34% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 3.90% | 3.93% | 3.98% | 4.12% | 4.21% | 4.26% | 4.28% | 4.36% |
| ▁▁▂▇▇██▇ | Return on Assets (%) | 1.12% | 1.15% | 1.16% | 1.35% | 1.37% | 1.42% | 1.41% | 1.38% |
| ███▁▃▂▂▁ | Efficiency Ratio (%) | 62.4% | 62.4% | 61.9% | 57.8% | 59.2% | 58.5% | 58.5% | 57.9% |
| ▇█▇▅▅▄▄▁ | Cost of Funds (%) | 1.79% | 1.88% | 1.79% | 1.68% | 1.66% | 1.64% | 1.59% | 1.40% |
| ▁▁▁▂▄▆▇█ | NPA / Assets (%) | 0.50% | 0.53% | 0.45% | 0.62% | 0.73% | 0.89% | 1.04% | 1.12% |
| ▂▂▁▂▄▆██ | Net Charge-Off Ratio (%) | 0.63% | 0.68% | 0.50% | 0.69% | 0.84% | 1.09% | 1.24% | 1.31% |
| ▁▃▃▄▄▆▇█ | Tang. Book Value ($M) | $333 | $351 | $351 | $360 | $365 | $382 | $388 | $401 |
| ▁▁▅▇█▄▇▆ | Gross Loans ($M) | $2,661 | $2,669 | $2,719 | $2,749 | $2,766 | $2,708 | $2,746 | $2,730 |
| ▁▂▂▃▅▇▇█ | Total Deposits ($M) | $2,728 | $2,785 | $2,788 | $2,835 | $2,914 | $2,980 | $2,981 | $3,033 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 10% |