Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.62% | -0.41 | 1.03% |
| Return on Equity (%) | ▼ | 6.89% | -4.32 | 11.21% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.46 | 3.29% |
| Efficiency Ratio (%) | ▼ | 73.58% | +15.05 | 58.52% |
| Pre-Provision Profit ($M) | ▼ | $7 | -1.13 | $8 |
| Cost of Funds (%) | ▲ | 1.90% | -0.16 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,916 | +538.22 | $2,377 |
| Gross Loans ($M) | ▲ | $2,239 | +474.11 | $1,765 |
| Loan Growth YoY (%) | ▲ | 87.78% | +0.86 | 86.93% |
| Total Deposits ($M) | ▲ | $2,523 | +516.05 | $2,006 |
| Shareholders Equity ($M) | ▲ | $266 | +45.81 | $220 |
| Tang. Book Value ($M) | ▲ | $226 | +35.48 | $191 |
| TBV excl. AOCI ($M)** | ▲ | $248 | +36.60 | $211 |
| Loan / Deposit Ratio (%) | ▲ | 87.78% | +0.86 | 86.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.05 | 0.33% |
| Allowance / Loans (%) | — | 1.09% | -0.07% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.46% | +0.01 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.01% | -1.02 | 12.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.88% | 2.93% | 2.98% | 3.29% | 3.40% | 3.50% | 3.56% | 3.76% |
| ▆▅▁▇▇██▄ | Return on Assets (%) | 0.82% | 0.78% | 0.03% | 1.03% | 1.07% | 1.21% | 1.23% | 0.62% |
| ▆▅▆▁▁▁▁█ | Efficiency Ratio (%) | 67.6% | 66.8% | 67.9% | 58.5% | 58.0% | 56.6% | 56.5% | 73.6% |
| █▇▇▄▄▁▃▁ | Cost of Funds (%) | 2.28% | 2.20% | 2.22% | 2.06% | 2.05% | 1.95% | 1.99% | 1.90% |
| ▅▅▅▄▅▂▁█ | NPA / Assets (%) | 0.34% | 0.35% | 0.34% | 0.33% | 0.34% | 0.31% | 0.29% | 0.38% |
| ███▇▇▂▁█ | Net Charge-Off Ratio (%) | 0.47% | 0.47% | 0.46% | 0.45% | 0.45% | 0.36% | 0.34% | 0.46% |
| ▁▂▄▅▅▃▄█ | Tang. Book Value ($M) | $153 | $165 | $183 | $191 | $195 | $180 | $188 | $226 |
| ▁▁▁▂▂▃▃█ | Gross Loans ($M) | $1,641 | $1,675 | $1,714 | $1,765 | $1,784 | $1,807 | $1,846 | $2,239 |
| ▁▁▁▃▃▄▄█ | Total Deposits ($M) | $1,812 | $1,857 | $1,861 | $2,006 | $1,999 | $2,100 | $2,105 | $2,523 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 15% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 13% |