Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.98% | +0.15 | 0.84% |
| Return on Equity (%) | ▲ | 11.65% | +1.04 | 10.61% |
| Net Interest Margin (%) | ▼ | 3.47% | -0.03 | 3.50% |
| Efficiency Ratio (%) | ▲ | 68.37% | -4.16 | 72.53% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.83 | $3 |
| Cost of Funds (%) | ▼ | 2.18% | +0.08 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,123 | +76.94 | $1,046 |
| Gross Loans ($M) | ▲ | $794 | +21.17 | $772 |
| Loan Growth YoY (%) | ▼ | 84.99% | -8.83 | 93.82% |
| Total Deposits ($M) | ▲ | $921 | +108.40 | $813 |
| Shareholders Equity ($M) | ▲ | $95 | +11.31 | $84 |
| Tang. Book Value ($M) | ▲ | $94 | +11.34 | $83 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +11.98 | $92 |
| Loan / Deposit Ratio (%) | ▼ | 84.99% | -8.83 | 93.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.05 | 0.36% |
| Allowance / Loans (%) | — | 1.37% | 0.07% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.59% | +0.10 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃█████ | Net Interest Margin (%) | 3.12% | 3.19% | 3.25% | 3.50% | 3.50% | 3.52% | 3.50% | 3.47% |
| ▁▃▅▇▇███ | Return on Assets (%) | 0.32% | 0.50% | 0.66% | 0.84% | 0.89% | 0.94% | 0.96% | 0.98% |
| █▆▄▄▃▁▁▁ | Efficiency Ratio (%) | 77.9% | 75.0% | 72.7% | 72.5% | 70.6% | 68.8% | 68.1% | 68.4% |
| ▇█▂▁▁▅▃▂ | Cost of Funds (%) | 2.38% | 2.42% | 2.18% | 2.10% | 2.13% | 2.27% | 2.21% | 2.18% |
| ▃▁▂▇▃▃▃█ | NPA / Assets (%) | 0.23% | 0.16% | 0.22% | 0.36% | 0.25% | 0.24% | 0.25% | 0.41% |
| ▃▁▂▆▃▃▃█ | Net Charge-Off Ratio (%) | 0.32% | 0.22% | 0.29% | 0.49% | 0.35% | 0.34% | 0.35% | 0.59% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $74 | $82 | $79 | $83 | $85 | $91 | $94 | $94 |
| ▁▂▅▅▇▇█▇ | Gross Loans ($M) | $714 | $732 | $773 | $772 | $790 | $793 | $808 | $794 |
| ▁▂▁▄▅▇██ | Total Deposits ($M) | $764 | $779 | $747 | $813 | $853 | $888 | $921 | $921 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 15% |
| Agricultural | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 11% |