Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.98% | +0.78 | 1.20% |
| Return on Equity (%) | ▲ | 12.63% | +5.00 | 7.63% |
| Net Interest Margin (%) | ▲ | 4.34% | +0.08 | 4.26% |
| Efficiency Ratio (%) | ▲ | 31.78% | -8.26 | 40.04% |
| Pre-Provision Profit ($M) | ▲ | $20 | +5.46 | $15 |
| Cost of Funds (%) | ▼ | 1.42% | +0.11 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,480 | +164.90 | $3,315 |
| Gross Loans ($M) | ▲ | $2,667 | +990.19 | $1,677 |
| Loan Growth YoY (%) | ▲ | 91.91% | +31.74 | 60.17% |
| Total Deposits ($M) | ▲ | $2,880 | +123.83 | $2,756 |
| Shareholders Equity ($M) | ▲ | $558 | +34.26 | $524 |
| Tang. Book Value ($M) | ▲ | $335 | +51.72 | $283 |
| TBV excl. AOCI ($M)** | ▲ | $352 | +66.32 | $286 |
| Loan / Deposit Ratio (%) | ▲ | 91.91% | +31.74 | 60.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.09 | 0.07% |
| Allowance / Loans (%) | — | 0.76% | -0.36% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.18% | +0.04 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.05% | -4.14 | 16.18% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▁▃█████ | Net Interest Margin (%) | 3.35% | 1.23% | 2.20% | 4.26% | 4.21% | 4.43% | 4.51% | 4.34% |
| ▇▁▃▅▄▅▆█ | Return on Assets (%) | 1.57% | 0.07% | 0.56% | 1.20% | 1.02% | 1.26% | 1.39% | 1.98% |
| █▁▂▅▅▄▃▂ | Efficiency Ratio (%) | 49.4% | 26.7% | 29.7% | 40.0% | 40.6% | 35.8% | 34.7% | 31.8% |
| █▁██████ | Cost of Funds (%) | 1.24% | -1.34% | 1.23% | 1.31% | 1.37% | 1.41% | 1.35% | 1.42% |
| ▁▁▂▄▅▅▆█ | NPA / Assets (%) | 0.01% | 0.01% | 0.03% | 0.07% | 0.08% | 0.10% | 0.10% | 0.16% |
| ▁▁▃▆▇▆▇█ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.07% | 0.14% | 0.16% | 0.13% | 0.14% | 0.18% |
| ▄▁▂▄▅▇██ | Tang. Book Value ($M) | $293 | $250 | $269 | $283 | $296 | $315 | $336 | $335 |
| ▁▂▂▂▃███ | Gross Loans ($M) | $1,339 | $1,636 | $1,663 | $1,677 | $1,826 | $2,549 | $2,709 | $2,667 |
| ▁▃▅▅▇▇█▇ | Total Deposits ($M) | $2,325 | $2,543 | $2,737 | $2,756 | $2,926 | $2,945 | $3,060 | $2,880 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 37% |
| C&I / Commercial | 47% |
| Agricultural | 1% |
| Consumer | 10% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 15% |