Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.97% | +0.39 | 2.57% |
| Return on Equity (%) | ▼ | 28.89% | -3.86 | 32.75% |
| Net Interest Margin (%) | ▲ | 4.95% | +0.34 | 4.61% |
| Efficiency Ratio (%) | ▲ | 38.56% | -2.76 | 41.32% |
| Pre-Provision Profit ($M) | ▲ | $15 | +2.05 | $13 |
| Cost of Funds (%) | ▲ | 0.68% | -0.22 | 0.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,931 | -20.74 | $1,952 |
| Gross Loans ($M) | ▲ | $1,141 | +76.87 | $1,064 |
| Loan Growth YoY (%) | ▲ | 67.30% | +6.35 | 60.94% |
| Total Deposits ($M) | ▼ | $1,663 | -51.07 | $1,714 |
| Shareholders Equity ($M) | ▲ | $191 | +42.19 | $148 |
| Tang. Book Value ($M) | ▲ | $173 | +43.69 | $130 |
| TBV excl. AOCI ($M)** | ▲ | $202 | +41.64 | $161 |
| Loan / Deposit Ratio (%) | ▲ | 67.30% | +6.35 | 60.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.22 | 0.53% |
| Allowance / Loans (%) | — | 1.87% | 0.09% | 1.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.51% | -0.44 | 0.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.83% | +1.63 | 16.19% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▅▆▁▅▆▇█ | Net Interest Margin (%) | 4.68% | 4.79% | 4.83% | 4.61% | 4.81% | 4.86% | 4.90% | 4.95% |
| ▁▁▁▃▃▄▅█ | Return on Assets (%) | 2.44% | 2.49% | 2.47% | 2.57% | 2.59% | 2.69% | 2.74% | 2.97% |
| ██▄▄▆▅▅▁ | Efficiency Ratio (%) | 44.1% | 44.3% | 41.4% | 41.3% | 42.2% | 41.5% | 41.4% | 38.6% |
| ▇██▆▆▅▄▁ | Cost of Funds (%) | 0.96% | 0.97% | 1.01% | 0.91% | 0.92% | 0.85% | 0.84% | 0.68% |
| █▇▃▅▄▄▁▁ | NPA / Assets (%) | 0.73% | 0.63% | 0.46% | 0.53% | 0.52% | 0.51% | 0.33% | 0.31% |
| █▆▄▆▅▅▁▁ | Net Charge-Off Ratio (%) | 1.15% | 0.97% | 0.79% | 0.95% | 0.86% | 0.84% | 0.54% | 0.51% |
| ▁▂▁▂▃▆██ | Tang. Book Value ($M) | $117 | $133 | $124 | $130 | $139 | $163 | $180 | $173 |
| ▁▂▃▅▇▆▆█ | Gross Loans ($M) | $970 | $999 | $1,020 | $1,064 | $1,100 | $1,094 | $1,085 | $1,141 |
| ▂▁▂█▅▃▃▆ | Total Deposits ($M) | $1,546 | $1,511 | $1,537 | $1,714 | $1,615 | $1,579 | $1,570 | $1,663 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 42% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 7% |