Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.34 | 1.10% |
| Return on Equity (%) | ▲ | 12.37% | +2.33 | 10.04% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.40 | 3.42% |
| Efficiency Ratio (%) | ▲ | 53.15% | -5.84 | 58.99% |
| Pre-Provision Profit ($M) | ▲ | $14 | +3.09 | $11 |
| Cost of Funds (%) | ▲ | 1.82% | -0.24 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,022 | +9.94 | $3,012 |
| Gross Loans ($M) | ▼ | $2,304 | -17.62 | $2,322 |
| Loan Growth YoY (%) | ▼ | 92.81% | -4.24 | 97.04% |
| Total Deposits ($M) | ▲ | $2,458 | +88.33 | $2,370 |
| Shareholders Equity ($M) | ▲ | $353 | +17.00 | $336 |
| Tang. Book Value ($M) | ▲ | $265 | +17.64 | $247 |
| TBV excl. AOCI ($M)** | ▲ | $288 | +18.51 | $269 |
| Loan / Deposit Ratio (%) | ▼ | 92.81% | -4.24 | 97.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.33% | +0.41 | 0.91% |
| Allowance / Loans (%) | — | 0.99% | 0.04% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +0.56 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.26% | 3.24% | 3.29% | 3.42% | 3.48% | 3.55% | 3.62% | 3.83% |
| ▁▁▂▃▄▆▆█ | Return on Assets (%) | 0.92% | 0.97% | 1.01% | 1.10% | 1.18% | 1.25% | 1.31% | 1.45% |
| ███▆▄▃▂▁ | Efficiency Ratio (%) | 62.4% | 62.2% | 62.0% | 59.0% | 57.1% | 55.7% | 54.6% | 53.2% |
| ██▇▅▄▃▂▁ | Cost of Funds (%) | 2.17% | 2.22% | 2.17% | 2.06% | 1.98% | 1.93% | 1.90% | 1.82% |
| ▁▃▄▄▄▂▄█ | NPA / Assets (%) | 0.61% | 0.80% | 0.95% | 0.91% | 0.92% | 0.75% | 0.95% | 1.33% |
| ▁▃▄▄▄▂▄█ | Net Charge-Off Ratio (%) | 0.67% | 0.92% | 1.12% | 1.07% | 1.10% | 0.88% | 1.14% | 1.64% |
| ▁▃▃▄▄▇██ | Tang. Book Value ($M) | $228 | $240 | $240 | $247 | $246 | $260 | $270 | $265 |
| ▁▇▆▆▁██▄ | Gross Loans ($M) | $2,270 | $2,345 | $2,323 | $2,322 | $2,257 | $2,349 | $2,360 | $2,304 |
| ▁█▅▅▁▇▅█ | Total Deposits ($M) | $2,279 | $2,454 | $2,387 | $2,370 | $2,298 | $2,415 | $2,383 | $2,458 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |