Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.35 | 0.96% |
| Return on Equity (%) | ▲ | 19.13% | +2.16 | 16.97% |
| Net Interest Margin (%) | ▲ | 3.48% | +0.51 | 2.96% |
| Efficiency Ratio (%) | ▲ | 59.26% | -5.82 | 65.08% |
| Pre-Provision Profit ($M) | ▲ | $30 | +7.50 | $23 |
| Cost of Funds (%) | ▲ | 1.53% | -0.56 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $6,783 | -305.46 | $7,089 |
| Gross Loans ($M) | ▲ | $4,287 | +67.82 | $4,220 |
| Loan Growth YoY (%) | ▲ | 70.12% | +5.85 | 64.27% |
| Total Deposits ($M) | ▼ | $6,043 | -435.45 | $6,479 |
| Shareholders Equity ($M) | ▲ | $479 | +58.34 | $420 |
| Tang. Book Value ($M) | ▲ | $464 | +59.08 | $404 |
| TBV excl. AOCI ($M)** | ▲ | $559 | +44.08 | $515 |
| Loan / Deposit Ratio (%) | ▲ | 70.12% | +5.85 | 64.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.25 | 0.63% |
| Allowance / Loans (%) | — | 1.17% | -0.16% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -0.45 | 1.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.50% | +0.31 | 13.20% |
Noninterest income ($18.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.57% | 2.60% | 2.67% | 2.96% | 3.13% | 3.18% | 3.25% | 3.48% |
| ▁▁▁▃▅▆▇█ | Return on Assets (%) | 0.75% | 0.75% | 0.79% | 0.96% | 1.09% | 1.13% | 1.20% | 1.31% |
| ██▇▅▃▃▂▁ | Efficiency Ratio (%) | 70.9% | 69.7% | 68.6% | 65.1% | 63.5% | 62.5% | 60.8% | 59.3% |
| ██▇▄▄▃▁▁ | Cost of Funds (%) | 2.69% | 2.71% | 2.47% | 2.08% | 2.05% | 1.91% | 1.64% | 1.53% |
| ▁▁▄█▇▇▅▄ | NPA / Assets (%) | 0.26% | 0.22% | 0.42% | 0.63% | 0.53% | 0.53% | 0.46% | 0.38% |
| ▁▁▅█▆▆▅▃ | Net Charge-Off Ratio (%) | 0.45% | 0.38% | 0.72% | 1.05% | 0.86% | 0.86% | 0.76% | 0.60% |
| ▁▆▂▅▅▇██ | Tang. Book Value ($M) | $332 | $416 | $362 | $404 | $401 | $436 | $448 | $464 |
| ▂▁▁▅▅▂▄█ | Gross Loans ($M) | $4,148 | $4,112 | $4,108 | $4,220 | $4,204 | $4,146 | $4,185 | $4,287 |
| ▇█▆▆▂▁▄▁ | Total Deposits ($M) | $6,549 | $6,648 | $6,487 | $6,479 | $6,157 | $6,053 | $6,290 | $6,043 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 32% |
| Agricultural | 6% |
| Consumer | 4% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 9% |