Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.16% | +0.36 | 1.79% |
| Return on Equity (%) | ▲ | 16.06% | +2.41 | 13.65% |
| Net Interest Margin (%) | ▼ | 5.20% | -0.13 | 5.33% |
| Efficiency Ratio (%) | ▲ | 38.99% | -3.08 | 42.07% |
| Pre-Provision Profit ($M) | ▲ | $21 | +2.98 | $19 |
| Cost of Funds (%) | ▲ | 1.05% | -0.04 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,895 | +236.90 | $2,658 |
| Gross Loans ($M) | ▲ | $2,219 | +114.03 | $2,105 |
| Loan Growth YoY (%) | ▼ | 88.23% | -3.60 | 91.82% |
| Total Deposits ($M) | ▲ | $2,476 | +219.42 | $2,257 |
| Shareholders Equity ($M) | ▲ | $395 | +36.90 | $358 |
| Tang. Book Value ($M) | ▲ | $332 | +41.12 | $290 |
| TBV excl. AOCI ($M)** | ▲ | $350 | +41.43 | $309 |
| Loan / Deposit Ratio (%) | ▼ | 88.23% | -3.60 | 91.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.53 | 0.08% |
| Allowance / Loans (%) | — | 1.56% | -0.01% | 1.57% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.39 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.34% | +0.34 | 12.99% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▇▇███▄ | Net Interest Margin (%) | 5.03% | 5.00% | 5.32% | 5.33% | 5.40% | 5.41% | 5.41% | 5.20% |
| ▇▆▁▃▅▄▅█ | Return on Assets (%) | 2.04% | 1.98% | 1.58% | 1.79% | 1.90% | 1.85% | 1.91% | 2.16% |
| ▄▄█▃▃▂▂▁ | Efficiency Ratio (%) | 42.7% | 43.3% | 47.9% | 42.1% | 41.6% | 40.9% | 40.5% | 39.0% |
| █▆▄▂▄▃▃▁ | Cost of Funds (%) | 1.30% | 1.23% | 1.17% | 1.09% | 1.15% | 1.13% | 1.13% | 1.05% |
| ▁▂▁▂▃▇▇█ | NPA / Assets (%) | 0.00% | 0.13% | 0.02% | 0.08% | 0.16% | 0.51% | 0.50% | 0.62% |
| ▁▃▁▂▃██▆ | Net Charge-Off Ratio (%) | 0.00% | 0.17% | 0.03% | 0.11% | 0.20% | 0.67% | 0.65% | 0.49% |
| ▁▁▅▆▆▇██ | Tang. Book Value ($M) | $218 | $229 | $276 | $290 | $302 | $313 | $319 | $332 |
| ▁▁▇▇▇███ | Gross Loans ($M) | $1,387 | $1,395 | $2,045 | $2,105 | $2,110 | $2,127 | $2,172 | $2,219 |
| ▁▁▇▇▇███ | Total Deposits ($M) | $1,432 | $1,527 | $2,312 | $2,257 | $2,260 | $2,438 | $2,479 | $2,476 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 2% |