Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.98% | +0.10 | 0.88% |
| Return on Equity (%) | ▲ | 10.53% | +0.01 | 10.52% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.27 | 3.74% |
| Efficiency Ratio (%) | ▲ | 70.49% | -2.06 | 72.55% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.64 | $4 |
| Cost of Funds (%) | ▲ | 1.64% | -0.20 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,332 | +36.11 | $1,296 |
| Gross Loans ($M) | ▲ | $1,102 | +48.88 | $1,053 |
| Loan Growth YoY (%) | ▲ | 96.38% | +4.01 | 92.37% |
| Total Deposits ($M) | ▲ | $1,131 | +4.97 | $1,126 |
| Shareholders Equity ($M) | ▲ | $123 | +14.73 | $109 |
| Tang. Book Value ($M) | ▲ | $120 | +14.87 | $105 |
| TBV excl. AOCI ($M)** | ▲ | $128 | +17.11 | $111 |
| Loan / Deposit Ratio (%) | ▲ | 96.38% | +4.01 | 92.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.26% | +0.73 | 0.53% |
| Allowance / Loans (%) | — | 1.12% | -0.15% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 1.50% | +0.85 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.18% | +0.67 | 10.51% |
Noninterest income ($2.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▃▄▆▇█ | Net Interest Margin (%) | 3.65% | 3.75% | 3.77% | 3.74% | 3.82% | 3.89% | 3.95% | 4.01% |
| ▄█▆▁▄▆▇▇ | Return on Assets (%) | 0.94% | 1.00% | 0.96% | 0.88% | 0.94% | 0.97% | 0.98% | 0.98% |
| ▅▂▄█▇▆▁▅ | Efficiency Ratio (%) | 70.4% | 68.8% | 70.0% | 72.5% | 71.6% | 71.0% | 68.1% | 70.5% |
| █▄▇█▅▅▃▁ | Cost of Funds (%) | 1.81% | 1.74% | 1.79% | 1.84% | 1.74% | 1.75% | 1.70% | 1.64% |
| ▁▁▁▁▁█▇▇ | NPA / Assets (%) | 0.56% | 0.56% | 0.53% | 0.53% | 0.55% | 1.43% | 1.27% | 1.26% |
| ▁▁▁▁▁█▇▇ | Net Charge-Off Ratio (%) | 0.68% | 0.67% | 0.65% | 0.65% | 0.66% | 1.74% | 1.51% | 1.50% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $99 | $102 | $103 | $105 | $108 | $114 | $119 | $120 |
| ▁▃▃▃▅▆██ | Gross Loans ($M) | $1,024 | $1,052 | $1,047 | $1,053 | $1,071 | $1,082 | $1,096 | $1,102 |
| ▁▁▅█▆▇▇█ | Total Deposits ($M) | $1,047 | $1,048 | $1,099 | $1,126 | $1,104 | $1,120 | $1,119 | $1,131 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 22% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 11% |