Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.03 | 1.32% |
| Return on Equity (%) | ▼ | 14.51% | -1.99 | 16.50% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.25 | 3.60% |
| Efficiency Ratio (%) | ▼ | 65.27% | +2.10 | 63.17% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.36 | $6 |
| Cost of Funds (%) | ▲ | 1.98% | -0.39 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,862 | -26.51 | $1,889 |
| Gross Loans ($M) | ▲ | $1,362 | +12.50 | $1,349 |
| Loan Growth YoY (%) | ▲ | 81.29% | +0.20 | 81.09% |
| Total Deposits ($M) | ▲ | $1,656 | +11.30 | $1,644 |
| Shareholders Equity ($M) | ▲ | $175 | +22.04 | $153 |
| Tang. Book Value ($M) | ▲ | $172 | +22.04 | $150 |
| TBV excl. AOCI ($M)** | ▲ | $185 | +20.05 | $165 |
| Loan / Deposit Ratio (%) | ▲ | 81.29% | +0.20 | 81.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.12 | 0.28% |
| Allowance / Loans (%) | — | 1.16% | -0.00% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.17 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.39% | +0.94 | 12.44% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 3.48% | 3.48% | 3.52% | 3.60% | 3.65% | 3.69% | 3.74% | 3.85% |
| ▁▃▄▅███▆ | Return on Assets (%) | 1.20% | 1.27% | 1.30% | 1.32% | 1.42% | 1.43% | 1.42% | 1.35% |
| ▆▄▂▂▁▁▅█ | Efficiency Ratio (%) | 64.3% | 63.7% | 63.3% | 63.2% | 62.7% | 62.6% | 64.1% | 65.3% |
| ██▇▅▅▄▂▁ | Cost of Funds (%) | 2.76% | 2.70% | 2.59% | 2.38% | 2.43% | 2.37% | 2.13% | 1.98% |
| █▅▂▁▁▁▂█ | NPA / Assets (%) | 0.41% | 0.36% | 0.31% | 0.28% | 0.30% | 0.30% | 0.31% | 0.40% |
| █▂▁▁▂▂▂▅ | Net Charge-Off Ratio (%) | 0.54% | 0.32% | 0.28% | 0.25% | 0.31% | 0.30% | 0.29% | 0.43% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $136 | $152 | $142 | $150 | $156 | $168 | $168 | $172 |
| ▄▁▆▇▅▃▇█ | Gross Loans ($M) | $1,335 | $1,308 | $1,346 | $1,349 | $1,340 | $1,324 | $1,354 | $1,362 |
| ▁▄▆█████ | Total Deposits ($M) | $1,510 | $1,566 | $1,607 | $1,644 | $1,646 | $1,647 | $1,648 | $1,656 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 22% |
| Agricultural | 7% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 15% |