Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.17 | 1.05% |
| Return on Equity (%) | ▲ | 13.69% | +1.08 | 12.61% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.09 | 3.50% |
| Efficiency Ratio (%) | ▲ | 48.62% | -3.23 | 51.85% |
| Pre-Provision Profit ($M) | ▲ | $11 | +2.53 | $8 |
| Cost of Funds (%) | ▲ | 2.95% | -0.32 | 3.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,206 | +300.69 | $1,905 |
| Gross Loans ($M) | ▲ | $1,948 | +301.14 | $1,646 |
| Loan Growth YoY (%) | ▲ | 99.71% | +1.33 | 98.37% |
| Total Deposits ($M) | ▲ | $1,923 | +273.34 | $1,650 |
| Shareholders Equity ($M) | ▲ | $197 | +38.23 | $158 |
| Tang. Book Value ($M) | ▲ | $194 | +38.24 | $156 |
| Loan / Deposit Ratio (%) | ▲ | 99.71% | +1.33 | 98.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.69% | -0.04 | 0.73% |
| Allowance / Loans (%) | — | 1.56% | 0.12% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 0.66% | -0.12 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.92% | +0.45 | 9.47% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆██▆ | Net Interest Margin (%) | 3.28% | 3.33% | 3.38% | 3.50% | 3.59% | 3.71% | 3.71% | 3.59% |
| ▁▂▃▂▅▇▇█ | Return on Assets (%) | 1.00% | 1.04% | 1.06% | 1.05% | 1.13% | 1.18% | 1.18% | 1.22% |
| █▇▇▅▄▃▄▁ | Efficiency Ratio (%) | 54.0% | 53.2% | 52.8% | 51.9% | 50.8% | 50.4% | 50.7% | 48.6% |
| ▇█▆▄▆▆▃▁ | Cost of Funds (%) | 3.52% | 3.66% | 3.42% | 3.27% | 3.40% | 3.45% | 3.18% | 2.95% |
| █▄▁▂▆█▅▁ | NPA / Assets (%) | 0.91% | 0.77% | 0.67% | 0.73% | 0.84% | 0.90% | 0.79% | 0.69% |
| █▅▂▄▆▆▄▁ | Net Charge-Off Ratio (%) | 0.97% | 0.84% | 0.72% | 0.78% | 0.86% | 0.86% | 0.79% | 0.66% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $135 | $140 | $146 | $156 | $166 | $176 | $185 | $194 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $1,432 | $1,461 | $1,553 | $1,646 | $1,741 | $1,804 | $1,848 | $1,948 |
| ▁▂▄▅▆▆██ | Total Deposits ($M) | $1,278 | $1,429 | $1,522 | $1,650 | $1,728 | $1,741 | $1,843 | $1,923 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 14% |
| Agricultural | 5% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 20% |