Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.15 | 0.91% |
| Return on Equity (%) | ▲ | 12.69% | +1.11 | 11.58% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.26 | 3.08% |
| Efficiency Ratio (%) | ▲ | 65.21% | -4.39 | 69.60% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.93 | $6 |
| Cost of Funds (%) | ▲ | 1.47% | -0.08 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,204 | +149.44 | $2,054 |
| Gross Loans ($M) | ▲ | $1,559 | +191.45 | $1,368 |
| Loan Growth YoY (%) | ▲ | 81.73% | +7.71 | 74.02% |
| Total Deposits ($M) | ▲ | $1,891 | +59.88 | $1,831 |
| Shareholders Equity ($M) | ▲ | $184 | +19.99 | $164 |
| Tang. Book Value ($M) | ▲ | $177 | +20.22 | $157 |
| TBV excl. AOCI ($M)** | ▲ | $202 | +19.21 | $183 |
| Loan / Deposit Ratio (%) | ▲ | 81.73% | +7.71 | 74.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.16 | 0.04% |
| Allowance / Loans (%) | — | 0.90% | -0.03% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.28% | +0.27 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.36% | -0.72 | 12.08% |
Noninterest income ($4.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▄▅▆█ | Net Interest Margin (%) | 2.90% | 2.96% | 2.99% | 3.08% | 3.12% | 3.16% | 3.21% | 3.34% |
| ▁▁▁▄▇█▇█ | Return on Assets (%) | 0.78% | 0.77% | 0.80% | 0.91% | 1.00% | 1.03% | 1.02% | 1.05% |
| ██▇▆▆▄▂▁ | Efficiency Ratio (%) | 71.6% | 71.1% | 70.5% | 69.6% | 69.4% | 68.0% | 66.5% | 65.2% |
| ███▄▂▃▃▁ | Cost of Funds (%) | 1.67% | 1.69% | 1.67% | 1.55% | 1.51% | 1.55% | 1.55% | 1.47% |
| ▂▁▁▁▂▆█▇ | NPA / Assets (%) | 0.08% | 0.06% | 0.04% | 0.04% | 0.09% | 0.18% | 0.23% | 0.20% |
| ▂▁▁▁▃▇██ | Net Charge-Off Ratio (%) | 0.07% | 0.04% | 0.02% | 0.01% | 0.09% | 0.24% | 0.30% | 0.28% |
| ▁▃▂▄▆█▇█ | Tang. Book Value ($M) | $144 | $154 | $149 | $157 | $166 | $175 | $172 | $177 |
| ▁▃▃▁▂▃██ | Gross Loans ($M) | $1,382 | $1,425 | $1,424 | $1,368 | $1,398 | $1,433 | $1,537 | $1,559 |
| ▁▃▂▄▆█▄▆ | Total Deposits ($M) | $1,754 | $1,816 | $1,782 | $1,831 | $1,878 | $1,950 | $1,851 | $1,891 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 11% |
| Agricultural | 2% |
| Consumer | 4% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 7% |