Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.98% | +0.55 | 1.44% |
| Return on Equity (%) | ▲ | 16.16% | +3.55 | 12.61% |
| Net Interest Margin (%) | ▲ | 5.18% | +0.38 | 4.79% |
| Efficiency Ratio (%) | ▲ | 47.38% | -0.79 | 48.17% |
| Pre-Provision Profit ($M) | ▲ | $18 | +2.74 | $16 |
| Cost of Funds (%) | ▲ | 2.20% | -0.13 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,585 | +143.05 | $2,442 |
| Gross Loans ($M) | ▲ | $2,200 | +78.46 | $2,121 |
| Loan Growth YoY (%) | ▼ | 97.55% | -0.39 | 97.94% |
| Total Deposits ($M) | ▲ | $2,214 | +86.13 | $2,128 |
| Shareholders Equity ($M) | ▲ | $321 | +44.74 | $277 |
| Tang. Book Value ($M) | ▲ | $320 | +44.80 | $276 |
| TBV excl. AOCI ($M)** | ▲ | $324 | +45.20 | $278 |
| Loan / Deposit Ratio (%) | ▼ | 97.55% | -0.39 | 97.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.72% | -0.20 | 0.92% |
| Allowance / Loans (%) | — | 1.81% | 0.06% | 1.75% |
| Net Charge-Off Ratio (%) | ▲ | 0.85% | -0.21 | 1.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.28% | +1.53 | 12.76% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▆███ | Net Interest Margin (%) | 4.66% | 4.63% | 4.69% | 4.79% | 5.02% | 5.13% | 5.13% | 5.18% |
| ▃▃▃▁▃▆▆█ | Return on Assets (%) | 1.63% | 1.59% | 1.63% | 1.44% | 1.62% | 1.79% | 1.79% | 1.98% |
| ██▆▄▂▁▂▃ | Efficiency Ratio (%) | 51.1% | 50.4% | 49.2% | 48.2% | 46.6% | 45.7% | 46.9% | 47.4% |
| ██▇▃▃▂▁▁ | Cost of Funds (%) | 2.66% | 2.69% | 2.61% | 2.32% | 2.35% | 2.30% | 2.25% | 2.20% |
| ▁▁▆▄▄▇█▂ | NPA / Assets (%) | 0.63% | 0.67% | 1.07% | 0.92% | 0.94% | 1.19% | 1.29% | 0.72% |
| ▁▁▅▄▄▇█▂ | Net Charge-Off Ratio (%) | 0.68% | 0.75% | 1.19% | 1.06% | 1.03% | 1.30% | 1.50% | 0.85% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $250 | $260 | $268 | $276 | $285 | $298 | $309 | $320 |
| ▁▁▃▄████ | Gross Loans ($M) | $2,048 | $2,065 | $2,104 | $2,121 | $2,195 | $2,193 | $2,208 | $2,200 |
| ▁▂▃▆▄▃██ | Total Deposits ($M) | $1,934 | $1,989 | $2,034 | $2,128 | $2,065 | $2,029 | $2,194 | $2,214 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 42% |
| C&I / Commercial | 54% |
| Agricultural | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 16% |