Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.46% | +0.11 | 2.35% |
| Return on Equity (%) | ▼ | 18.88% | -0.23 | 19.11% |
| Net Interest Margin (%) | ▲ | 5.21% | +0.23 | 4.98% |
| Efficiency Ratio (%) | ▼ | 39.52% | +0.21 | 39.31% |
| Pre-Provision Profit ($M) | ▲ | $16 | +2.11 | $14 |
| Cost of Funds (%) | ▲ | 1.97% | -0.18 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,944 | +159.61 | $1,784 |
| Gross Loans ($M) | ▲ | $1,598 | +171.81 | $1,426 |
| Loan Growth YoY (%) | ▲ | 94.43% | +3.68 | 90.74% |
| Total Deposits ($M) | ▲ | $1,671 | +120.09 | $1,551 |
| Shareholders Equity ($M) | ▲ | $259 | +38.16 | $221 |
| Tang. Book Value ($M) | ▲ | $248 | +38.28 | $210 |
| TBV excl. AOCI ($M)** | ▲ | $250 | +37.91 | $213 |
| Loan / Deposit Ratio (%) | ▲ | 94.43% | +3.68 | 90.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.15 | 0.35% |
| Allowance / Loans (%) | — | 1.22% | -0.06% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.58% | +0.17 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.79% | +0.76 | 14.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇█▁▂▄▂█ | Net Interest Margin (%) | 5.22% | 5.18% | 5.20% | 4.98% | 5.03% | 5.09% | 5.03% | 5.21% |
| ███▁▂▁▁▄ | Return on Assets (%) | 2.62% | 2.65% | 2.62% | 2.35% | 2.40% | 2.38% | 2.34% | 2.46% |
| ▁▁▁▅▆██▆ | Efficiency Ratio (%) | 37.8% | 37.7% | 38.1% | 39.3% | 39.6% | 40.1% | 40.4% | 39.5% |
| ▇█▅▂▃▃▂▁ | Cost of Funds (%) | 2.66% | 2.82% | 2.44% | 2.15% | 2.19% | 2.26% | 2.15% | 1.97% |
| ▅▇▆▂▁▁▂█ | NPA / Assets (%) | 0.42% | 0.46% | 0.43% | 0.35% | 0.32% | 0.31% | 0.35% | 0.50% |
| ▆▇▆▃▁▁▂█ | Net Charge-Off Ratio (%) | 0.50% | 0.54% | 0.51% | 0.41% | 0.36% | 0.35% | 0.40% | 0.58% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $181 | $195 | $204 | $210 | $220 | $230 | $239 | $248 |
| ▁▃▂▃▅▆██ | Gross Loans ($M) | $1,352 | $1,438 | $1,397 | $1,426 | $1,500 | $1,536 | $1,609 | $1,598 |
| ▁▂▂▃▅▆█▇ | Total Deposits ($M) | $1,481 | $1,524 | $1,516 | $1,551 | $1,594 | $1,637 | $1,701 | $1,671 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 34% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 31% |