Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.03 | 1.56% |
| Return on Equity (%) | ▲ | 17.19% | +0.59 | 16.60% |
| Net Interest Margin (%) | ▲ | 4.32% | +0.01 | 4.31% |
| Efficiency Ratio (%) | ▼ | 62.41% | +1.55 | 60.86% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.01 | $2 |
| Cost of Funds (%) | ▼ | 1.21% | +0.05 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $503 | +19.12 | $483 |
| Gross Loans ($M) | ▲ | $339 | +27.17 | $312 |
| Loan Growth YoY (%) | ▲ | 75.30% | +2.22 | 73.08% |
| Total Deposits ($M) | ▲ | $446 | +22.72 | $423 |
| Shareholders Equity ($M) | ▼ | $45 | -0.24 | $45 |
| Tang. Book Value ($M) | ▲ | $34 | +0.29 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +0.16 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 75.30% | +2.22 | 73.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.21 | 0.27% |
| Allowance / Loans (%) | — | 1.00% | 0.13% | 0.87% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.32 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▇█████ | Net Interest Margin (%) | 3.38% | 3.46% | 4.22% | 4.31% | 4.39% | 4.42% | 4.43% | 4.32% |
| ▂▁████▆█ | Return on Assets (%) | 1.20% | 1.13% | 1.54% | 1.56% | 1.59% | 1.57% | 1.43% | 1.59% |
| ██▁▁▁▁▁▃ | Efficiency Ratio (%) | 65.7% | 65.2% | 61.1% | 60.9% | 61.2% | 60.8% | 61.1% | 62.4% |
| ▄▅█▁▁▂▂▁ | Cost of Funds (%) | 1.52% | 1.58% | 1.92% | 1.16% | 1.24% | 1.29% | 1.31% | 1.21% |
| ▂██▅▅▅▂▁ | NPA / Assets (%) | 0.14% | 0.39% | 0.37% | 0.27% | 0.24% | 0.23% | 0.13% | 0.06% |
| ▂██▆▃▃▂▁ | Net Charge-Off Ratio (%) | 0.20% | 0.55% | 0.53% | 0.41% | 0.24% | 0.21% | 0.18% | 0.08% |
| ▁▂▇█████ | Tang. Book Value ($M) | $17 | $20 | $31 | $33 | $33 | $35 | $34 | $34 |
| ▁▁▇▇▇███ | Gross Loans ($M) | $214 | $216 | $315 | $312 | $321 | $330 | $341 | $339 |
| ▁▁▇▇▇▇▇█ | Total Deposits ($M) | $274 | $268 | $407 | $423 | $412 | $405 | $418 | $446 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 8% |
| Agricultural | 16% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |