Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.32 | 1.15% |
| Return on Equity (%) | ▲ | 14.37% | +3.01 | 11.36% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.51 | 3.74% |
| Efficiency Ratio (%) | ▲ | 56.46% | -5.07 | 61.53% |
| Pre-Provision Profit ($M) | ▲ | $15 | +3.40 | $11 |
| Cost of Funds (%) | ▲ | 2.14% | -0.34 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,135 | +255.44 | $2,880 |
| Gross Loans ($M) | ▲ | $2,796 | +256.17 | $2,540 |
| Loan Growth YoY (%) | ▲ | 100.63% | +2.52 | 98.11% |
| Total Deposits ($M) | ▲ | $2,744 | +187.74 | $2,557 |
| Shareholders Equity ($M) | ▲ | $315 | +24.08 | $291 |
| Tang. Book Value ($M) | ▲ | $296 | +24.77 | $271 |
| TBV excl. AOCI ($M)** | ▲ | $301 | +24.97 | $276 |
| Loan / Deposit Ratio (%) | ▲ | 100.63% | +2.52 | 98.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.11 | 0.50% |
| Allowance / Loans (%) | — | 1.22% | -0.01% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.42% | -0.14 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.29% | 3.35% | 3.48% | 3.74% | 3.85% | 3.95% | 4.03% | 4.24% |
| ▁▁▂▅▄▅▆█ | Return on Assets (%) | 0.62% | 0.69% | 0.75% | 1.15% | 1.04% | 1.11% | 1.18% | 1.47% |
| █▇▆▃▂▂▂▁ | Efficiency Ratio (%) | 74.8% | 71.2% | 69.4% | 61.5% | 60.6% | 59.5% | 59.2% | 56.5% |
| █▅▄▃▃▃▂▁ | Cost of Funds (%) | 3.31% | 2.82% | 2.62% | 2.48% | 2.47% | 2.53% | 2.30% | 2.14% |
| ██▃▅█▇▁▁ | NPA / Assets (%) | 0.58% | 0.59% | 0.45% | 0.50% | 0.57% | 0.55% | 0.40% | 0.39% |
| ██▃▅▇▆▁▁ | Net Charge-Off Ratio (%) | 0.65% | 0.67% | 0.50% | 0.56% | 0.63% | 0.60% | 0.44% | 0.42% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $251 | $259 | $264 | $271 | $278 | $289 | $295 | $296 |
| ▁▂▃▃▅▆▇█ | Gross Loans ($M) | $2,388 | $2,476 | $2,508 | $2,540 | $2,624 | $2,647 | $2,712 | $2,796 |
| ▁▃▃▄▆▆▇█ | Total Deposits ($M) | $2,397 | $2,502 | $2,512 | $2,557 | $2,652 | $2,633 | $2,684 | $2,744 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 16% |