Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.34% | +0.86 | -0.53% |
| Return on Equity (%) | ▲ | 5.14% | +11.82 | -6.68% |
| Net Interest Margin (%) | ▼ | 2.25% | -0.26 | 2.51% |
| Efficiency Ratio (%) | ▼ | 69.55% | +0.82 | 68.73% |
| Pre-Provision Profit ($M) | ▼ | $7 | -0.87 | $8 |
| Cost of Funds (%) | ▲ | 3.11% | -0.13 | 3.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,956 | +129.31 | $3,827 |
| Gross Loans ($M) | ▼ | $1,925 | -588.21 | $2,513 |
| Loan Growth YoY (%) | ▼ | 53.70% | -20.21 | 73.92% |
| Total Deposits ($M) | ▲ | $3,512 | +170.89 | $3,341 |
| Shareholders Equity ($M) | ▼ | $261 | -45.90 | $307 |
| Tang. Book Value ($M) | ▼ | $259 | -32.16 | $291 |
| TBV excl. AOCI ($M)** | ▼ | $318 | -3.06 | $321 |
| Loan / Deposit Ratio (%) | ▼ | 53.70% | -20.21 | 73.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.11% | -1.39 | 3.50% |
| Allowance / Loans (%) | — | 2.00% | 0.29% | 1.71% |
| Net Charge-Off Ratio (%) | ▲ | 2.84% | -2.48 | 5.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.45% | +1.96 | 11.49% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▅▅▅▄▁ | Net Interest Margin (%) | 2.69% | 2.67% | 2.64% | 2.51% | 2.51% | 2.51% | 2.44% | 2.25% |
| ███▅▅▁▂▇ | Return on Assets (%) | 0.67% | 0.55% | 0.47% | -0.53% | -0.58% | -1.90% | -1.33% | 0.34% |
| ▁▂▃█▆▇▇█ | Efficiency Ratio (%) | 60.7% | 62.8% | 63.3% | 68.7% | 67.1% | 67.4% | 68.0% | 69.5% |
| ███▅▃▅▁▃ | Cost of Funds (%) | 3.43% | 3.40% | 3.39% | 3.23% | 3.11% | 3.20% | 2.93% | 3.11% |
| ▁▁▆█▇█▃▂ | NPA / Assets (%) | 1.76% | 1.71% | 3.03% | 3.50% | 3.20% | 3.33% | 2.34% | 2.11% |
| ▁▁▆███▂▂ | Net Charge-Off Ratio (%) | 2.21% | 2.38% | 4.46% | 5.32% | 4.96% | 5.01% | 2.92% | 2.84% |
| ████▇▁▁▁ | Tang. Book Value ($M) | $290 | $293 | $294 | $291 | $286 | $257 | $261 | $259 |
| ██▇▆▅▄▂▁ | Gross Loans ($M) | $2,833 | $2,770 | $2,694 | $2,513 | $2,411 | $2,280 | $2,070 | $1,925 |
| ▁▆▆▄▆▅█▇ | Total Deposits ($M) | $3,050 | $3,435 | $3,479 | $3,341 | $3,485 | $3,358 | $3,637 | $3,512 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 37% |