Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.02 | 1.49% |
| Return on Equity (%) | ▼ | 15.03% | -0.93 | 15.96% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.23 | 3.58% |
| Efficiency Ratio (%) | ▲ | 54.88% | -1.48 | 56.36% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.35 | $2 |
| Cost of Funds (%) | ▲ | 1.56% | -0.11 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $449 | +26.25 | $423 |
| Gross Loans ($M) | ▲ | $295 | +12.01 | $283 |
| Loan Growth YoY (%) | ▼ | 73.65% | -0.15 | 73.80% |
| Total Deposits ($M) | ▲ | $398 | +18.09 | $380 |
| Shareholders Equity ($M) | ▲ | $48 | +8.14 | $40 |
| Tang. Book Value ($M) | ▲ | $42 | +8.37 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +8.94 | $39 |
| Loan / Deposit Ratio (%) | ▼ | 73.65% | -0.15 | 73.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.05% | +0.84 | 0.21% |
| Allowance / Loans (%) | — | 0.79% | -0.30% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 1.57% | +1.30 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.97% | +0.89 | 15.08% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▅▅█ | Net Interest Margin (%) | 3.31% | 3.27% | 3.30% | 3.58% | 3.60% | 3.61% | 3.59% | 3.82% |
| ▁▁▁▆█▃▅▇ | Return on Assets (%) | 1.34% | 1.37% | 1.36% | 1.49% | 1.56% | 1.42% | 1.46% | 1.51% |
| █▇█▄▂▂▁▂ | Efficiency Ratio (%) | 59.3% | 58.5% | 58.6% | 56.4% | 55.1% | 54.7% | 53.8% | 54.9% |
| ▇██▄▃▆▁▁ | Cost of Funds (%) | 1.80% | 1.87% | 1.84% | 1.67% | 1.65% | 1.74% | 1.52% | 1.56% |
| ▁▁▁▁▃█▆▆ | NPA / Assets (%) | 0.29% | 0.34% | 0.31% | 0.21% | 0.58% | 1.37% | 1.01% | 1.05% |
| ▁▂▁▁▃█▇▆ | Net Charge-Off Ratio (%) | 0.40% | 0.52% | 0.42% | 0.27% | 0.89% | 2.13% | 1.67% | 1.57% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $29 | $33 | $32 | $34 | $34 | $38 | $41 | $42 |
| ▁▁▅▅▅▅██ | Gross Loans ($M) | $273 | $271 | $284 | $283 | $284 | $284 | $295 | $295 |
| ▁▃▁▂▅▄█▄ | Total Deposits ($M) | $368 | $392 | $373 | $380 | $413 | $400 | $448 | $398 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 10% |
| Agricultural | 38% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 13% |