Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.51% | +0.29 | 2.23% |
| Return on Equity (%) | ▲ | 24.75% | +3.89 | 20.86% |
| Net Interest Margin (%) | ▲ | 4.13% | +0.19 | 3.94% |
| Efficiency Ratio (%) | ▲ | 45.73% | -3.47 | 49.19% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.48 | $1 |
| Cost of Funds (%) | ▲ | 1.68% | -0.15 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $284 | +54.50 | $230 |
| Gross Loans ($M) | ▲ | $213 | +22.89 | $190 |
| Loan Growth YoY (%) | ▼ | 84.18% | -8.06 | 92.24% |
| Total Deposits ($M) | ▲ | $250 | +46.34 | $204 |
| Shareholders Equity ($M) | ▲ | $29 | +3.80 | $25 |
| Tang. Book Value ($M) | ▲ | $27 | +3.42 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +3.49 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 84.18% | -8.06 | 92.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.25 | 0.83% |
| Allowance / Loans (%) | — | 1.16% | 0.03% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 1.45% | +0.49 | 0.96% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.25% | +0.36 | 13.89% |
Noninterest income ($0.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▇███ | Net Interest Margin (%) | 3.66% | 3.70% | 3.71% | 3.94% | 4.04% | 4.14% | 4.15% | 4.13% |
| ▁▂▁▄▆▇▅█ | Return on Assets (%) | 2.02% | 2.09% | 2.00% | 2.23% | 2.35% | 2.43% | 2.29% | 2.51% |
| ▇▆█▅▂▁▅▁ | Efficiency Ratio (%) | 51.4% | 50.9% | 52.6% | 49.2% | 47.2% | 46.5% | 49.7% | 45.7% |
| ▆▅█▆▆▇▁▁ | Cost of Funds (%) | 1.83% | 1.81% | 1.90% | 1.83% | 1.82% | 1.86% | 1.68% | 1.68% |
| ▃▅▃▆▁▃▆█ | NPA / Assets (%) | 0.60% | 0.76% | 0.62% | 0.83% | 0.39% | 0.58% | 0.85% | 1.08% |
| ▃▄▃▅▁▂▆█ | Net Charge-Off Ratio (%) | 0.72% | 0.89% | 0.73% | 0.96% | 0.46% | 0.70% | 1.11% | 1.45% |
| ▁▂▃▄▄▆▇█ | Tang. Book Value ($M) | $21 | $22 | $22 | $23 | $23 | $25 | $26 | $27 |
| ▁▁▂▄▆▇██ | Gross Loans ($M) | $173 | $177 | $183 | $190 | $203 | $205 | $210 | $213 |
| ▁▂▃▃▄▄▇█ | Total Deposits ($M) | $183 | $193 | $206 | $204 | $209 | $213 | $242 | $250 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 20% |
| Agricultural | 3% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 16% |