Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.23% | -0.11 | 1.34% |
| Return on Equity (%) | ▼ | 13.90% | -1.48 | 15.38% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.23 | 3.76% |
| Efficiency Ratio (%) | ▲ | 50.70% | -0.82 | 51.52% |
| Pre-Provision Profit ($M) | ▲ | $10 | +1.27 | $8 |
| Cost of Funds (%) | ▲ | 2.22% | -0.22 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,035 | +271.07 | $1,764 |
| Gross Loans ($M) | ▲ | $1,728 | +248.62 | $1,480 |
| Loan Growth YoY (%) | ▼ | 93.19% | -0.59 | 93.78% |
| Total Deposits ($M) | ▲ | $1,828 | +273.98 | $1,554 |
| Shareholders Equity ($M) | ▲ | $182 | +26.35 | $155 |
| Tang. Book Value ($M) | ▲ | $174 | +26.55 | $147 |
| TBV excl. AOCI ($M)** | ▲ | $183 | +27.14 | $156 |
| Loan / Deposit Ratio (%) | ▼ | 93.19% | -0.59 | 93.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.32 | 0.55% |
| Allowance / Loans (%) | — | 1.47% | -0.08% | 1.55% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.55 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.45% | +0.48 | 9.98% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▃▅▆▇█ | Net Interest Margin (%) | 3.62% | 3.72% | 3.76% | 3.76% | 3.80% | 3.87% | 3.93% | 3.98% |
| ▁▄▅▆▆██▄ | Return on Assets (%) | 1.07% | 1.22% | 1.30% | 1.34% | 1.35% | 1.46% | 1.46% | 1.23% |
| █▄▃▆▅▁▁▄ | Efficiency Ratio (%) | 53.4% | 50.4% | 50.0% | 51.5% | 51.0% | 48.7% | 48.2% | 50.7% |
| █▇▆▅▄▃▂▁ | Cost of Funds (%) | 2.66% | 2.57% | 2.50% | 2.44% | 2.41% | 2.36% | 2.29% | 2.22% |
| █▆▅▇▆▅▃▁ | NPA / Assets (%) | 0.61% | 0.48% | 0.46% | 0.55% | 0.48% | 0.44% | 0.35% | 0.23% |
| █▇▆█▇▆▄▁ | Net Charge-Off Ratio (%) | 0.72% | 0.57% | 0.55% | 0.65% | 0.57% | 0.54% | 0.38% | 0.10% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $129 | $137 | $139 | $147 | $153 | $162 | $170 | $174 |
| ▁▁▂▃▅▆██ | Gross Loans ($M) | $1,359 | $1,401 | $1,450 | $1,480 | $1,553 | $1,604 | $1,741 | $1,728 |
| ▁▁▂▃▅▇▇█ | Total Deposits ($M) | $1,439 | $1,484 | $1,515 | $1,554 | $1,640 | $1,751 | $1,747 | $1,828 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 28% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 29% |