Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.03 | 1.56% |
| Return on Equity (%) | ▼ | 17.07% | -0.38 | 17.45% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.11 | 3.75% |
| Efficiency Ratio (%) | ▼ | 47.36% | +0.08 | 47.28% |
| Pre-Provision Profit ($M) | ▲ | $19 | +1.73 | $17 |
| Cost of Funds (%) | ▲ | 2.04% | -0.21 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,552 | +284.90 | $3,267 |
| Gross Loans ($M) | ▲ | $2,547 | +135.23 | $2,412 |
| Loan Growth YoY (%) | ▼ | 80.44% | -4.41 | 84.85% |
| Total Deposits ($M) | ▲ | $3,118 | +315.93 | $2,802 |
| Shareholders Equity ($M) | ▲ | $327 | +31.47 | $295 |
| Tang. Book Value ($M) | ▲ | $312 | +31.38 | $280 |
| TBV excl. AOCI ($M)** | ▲ | $345 | +34.10 | $311 |
| Loan / Deposit Ratio (%) | ▼ | 80.44% | -4.41 | 84.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.64% | +0.10 | 0.53% |
| Allowance / Loans (%) | — | 1.53% | 0.11% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 0.89% | +0.17 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.45% | +0.14 | 12.31% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 3.66% | 3.68% | 3.71% | 3.75% | 3.80% | 3.83% | 3.83% | 3.86% |
| ▁▁▃█▇▇▇█ | Return on Assets (%) | 0.99% | 1.04% | 1.16% | 1.56% | 1.46% | 1.48% | 1.52% | 1.60% |
| ▁▂▂▂▆██▂ | Efficiency Ratio (%) | 46.8% | 47.2% | 47.1% | 47.3% | 48.5% | 49.3% | 49.0% | 47.4% |
| ▇█▇▃▃▄▃▁ | Cost of Funds (%) | 2.52% | 2.64% | 2.52% | 2.25% | 2.26% | 2.34% | 2.20% | 2.04% |
| █▁▄▄█▄▃▆ | NPA / Assets (%) | 0.71% | 0.41% | 0.55% | 0.53% | 0.73% | 0.53% | 0.49% | 0.64% |
| █▁▄▄█▄▂▇ | Net Charge-Off Ratio (%) | 0.97% | 0.55% | 0.74% | 0.72% | 0.99% | 0.72% | 0.66% | 0.89% |
| ▁▃▂▄▄▇██ | Tang. Book Value ($M) | $261 | $277 | $273 | $280 | $282 | $302 | $312 | $312 |
| ▁▂▂▃▄▄██ | Gross Loans ($M) | $2,350 | $2,379 | $2,394 | $2,412 | $2,447 | $2,448 | $2,528 | $2,547 |
| ▁▄▄▃▄▅▅█ | Total Deposits ($M) | $2,634 | $2,832 | $2,826 | $2,802 | $2,863 | $2,883 | $2,884 | $3,118 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 19% |
| Agricultural | 13% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 15% |