Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.01% | -0.14 | 2.15% |
| Return on Equity (%) | ▼ | 28.72% | -0.30 | 29.02% |
| Net Interest Margin (%) | ▼ | 3.04% | -0.20 | 3.24% |
| Efficiency Ratio (%) | ▲ | 41.13% | -2.10 | 43.23% |
| Pre-Provision Profit ($M) | ▲ | $36 | +5.87 | $30 |
| Cost of Funds (%) | ▲ | 0.14% | -0.07 | 0.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,644 | +1287.39 | $4,357 |
| Gross Loans ($M) | ▲ | $4,865 | +1268.21 | $3,596 |
| Loan Growth YoY (%) | ▲ | 92.74% | +3.32 | 89.42% |
| Total Deposits ($M) | ▲ | $5,222 | +1220.53 | $4,002 |
| Shareholders Equity ($M) | ▲ | $376 | +60.66 | $315 |
| Tang. Book Value ($M) | ▲ | $375 | +60.66 | $314 |
| TBV excl. AOCI ($M)** | ▲ | $378 | +52.78 | $325 |
| Loan / Deposit Ratio (%) | ▲ | 92.74% | +3.32 | 89.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.52% | -0.05 | 0.57% |
| Allowance / Loans (%) | — | 0.44% | -0.06% | 0.50% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -0.09 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.69% | -0.18 | 18.86% |
Noninterest income ($24.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇▇██▃ | Net Interest Margin (%) | 2.87% | 2.97% | 3.01% | 3.24% | 3.27% | 3.34% | 3.33% | 3.04% |
| ▁▁▂█▇█▇▃ | Return on Assets (%) | 1.93% | 1.95% | 1.98% | 2.15% | 2.12% | 2.16% | 2.10% | 2.01% |
| ▁▂▃▅▇██▁ | Efficiency Ratio (%) | 41.5% | 41.6% | 42.4% | 43.2% | 44.3% | 45.0% | 45.0% | 41.1% |
| ▅██▇▇█▁▁ | Cost of Funds (%) | 0.19% | 0.22% | 0.22% | 0.21% | 0.21% | 0.22% | 0.15% | 0.14% |
| ▅▃▁▃█▂█▁ | NPA / Assets (%) | 0.59% | 0.57% | 0.52% | 0.57% | 0.66% | 0.54% | 0.65% | 0.52% |
| █▄▂▅▇▁█▁ | Net Charge-Off Ratio (%) | 0.78% | 0.67% | 0.61% | 0.69% | 0.73% | 0.58% | 0.76% | 0.60% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $265 | $283 | $297 | $314 | $328 | $341 | $357 | $375 |
| ▁▁▂▃▂▂▅█ | Gross Loans ($M) | $3,067 | $3,168 | $3,336 | $3,596 | $3,428 | $3,453 | $4,136 | $4,865 |
| ▂▁▁▃▁▁▅█ | Total Deposits ($M) | $3,722 | $3,429 | $3,598 | $4,002 | $3,419 | $3,460 | $4,462 | $5,222 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 31% |
| C&I / Commercial | 6% |
| Agricultural | 3% |
| Consumer | 60% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 92% |
| Interest-Bearing (core) | 8% |