Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.45 | 0.54% |
| Return on Equity (%) | ▲ | 12.43% | +3.69 | 8.74% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.47 | 3.07% |
| Efficiency Ratio (%) | ▲ | 71.83% | -13.01 | 84.84% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.40 | $0 |
| Cost of Funds (%) | ▲ | 0.66% | -0.17 | 0.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $211 | -4.47 | $215 |
| Gross Loans ($M) | ▲ | $125 | +6.14 | $119 |
| Loan Growth YoY (%) | ▲ | 66.01% | +4.89 | 61.12% |
| Total Deposits ($M) | ▼ | $187 | -5.32 | $192 |
| Shareholders Equity ($M) | ▲ | $17 | +3.07 | $14 |
| Tang. Book Value ($M) | ▲ | $17 | +3.07 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +2.59 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 66.01% | +4.89 | 61.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.04% | +0.85 | 0.19% |
| Allowance / Loans (%) | — | 1.54% | 0.12% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 1.75% | +1.41 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.40% | +0.50 | 16.90% |
Noninterest income ($1.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 2.65% | 2.68% | 2.77% | 3.07% | 3.19% | 3.24% | 3.31% | 3.55% |
| ▁▂▁▃▂▃▃█ | Return on Assets (%) | 0.39% | 0.47% | 0.38% | 0.54% | 0.52% | 0.55% | 0.59% | 0.99% |
| █▇█▇▇▆▅▁ | Efficiency Ratio (%) | 87.1% | 85.3% | 88.6% | 84.8% | 85.1% | 83.7% | 82.1% | 71.8% |
| ██▇▃▂▃▂▁ | Cost of Funds (%) | 1.13% | 1.08% | 1.02% | 0.83% | 0.72% | 0.82% | 0.74% | 0.66% |
| ▁▁▁▁▆▆▅█ | NPA / Assets (%) | 0.11% | 0.10% | 0.08% | 0.19% | 0.70% | 0.71% | 0.57% | 1.04% |
| ▁▁▁▁▆▆▅█ | Net Charge-Off Ratio (%) | 0.21% | 0.21% | 0.14% | 0.34% | 1.20% | 1.21% | 0.96% | 1.75% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $12 | $14 | $12 | $14 | $15 | $16 | $17 | $17 |
| ▃▂▂▁▅▇██ | Gross Loans ($M) | $121 | $121 | $121 | $119 | $123 | $124 | $126 | $125 |
| ██▂▅▃▂▁▃ | Total Deposits ($M) | $203 | $203 | $184 | $192 | $189 | $185 | $181 | $187 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 7% |
| Agricultural | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 87% |