Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.22% | +0.20 | 0.02% |
| Return on Equity (%) | ▲ | 3.40% | +2.93 | 0.47% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.18 | 3.13% |
| Efficiency Ratio (%) | ▲ | 93.83% | -4.13 | 97.96% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.24 | $0 |
| Cost of Funds (%) | ▲ | 1.52% | -0.13 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $313 | +10.47 | $303 |
| Gross Loans ($M) | ▲ | $183 | +8.16 | $175 |
| Loan Growth YoY (%) | ▲ | 62.55% | +0.59 | 61.96% |
| Total Deposits ($M) | ▲ | $290 | +10.18 | $280 |
| Shareholders Equity ($M) | ▲ | $20 | +5.32 | $15 |
| Tang. Book Value ($M) | ▲ | $17 | +5.02 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +4.68 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 62.55% | +0.59 | 61.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.43 | 0.55% |
| Allowance / Loans (%) | — | 0.94% | 0.04% | 0.90% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.80 | 0.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.22% | +0.32 | 12.90% |
Noninterest income ($3.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇███ | Net Interest Margin (%) | 2.85% | 2.82% | 2.85% | 3.13% | 3.22% | 3.26% | 3.31% | 3.32% |
| ▇▄▄▁▇▇█▃ | Return on Assets (%) | 0.51% | 0.31% | 0.32% | 0.02% | 0.49% | 0.51% | 0.63% | 0.22% |
| ▂▅▅█▂▂▁▅ | Efficiency Ratio (%) | 90.9% | 94.2% | 94.0% | 98.0% | 91.6% | 91.0% | 89.6% | 93.8% |
| ▄██▃▂▄▃▁ | Cost of Funds (%) | 1.76% | 2.03% | 1.98% | 1.65% | 1.63% | 1.74% | 1.67% | 1.52% |
| ▅▅▃██▆▁▁ | NPA / Assets (%) | 0.36% | 0.34% | 0.23% | 0.55% | 0.51% | 0.40% | 0.11% | 0.12% |
| ▅▅▃█▇▆▁▁ | Net Charge-Off Ratio (%) | 0.63% | 0.59% | 0.39% | 0.94% | 0.84% | 0.65% | 0.17% | 0.15% |
| ▁▄▁▂▃▇██ | Tang. Book Value ($M) | $11 | $14 | $11 | $12 | $13 | $16 | $17 | $17 |
| ▁▂▃▃▇▇█▅ | Gross Loans ($M) | $166 | $172 | $176 | $175 | $189 | $190 | $195 | $183 |
| ▁▁▃▆▅▅▆█ | Total Deposits ($M) | $256 | $253 | $264 | $280 | $274 | $276 | $277 | $290 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 8% |
| Agricultural | 20% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 14% |