Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.19 | 0.76% |
| Return on Equity (%) | ▲ | 9.24% | +1.68 | 7.56% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.40 | 2.95% |
| Efficiency Ratio (%) | ▲ | 62.48% | -4.27 | 66.75% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.83 | $7 |
| Cost of Funds (%) | ▲ | 1.96% | -0.37 | 2.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,334 | +231.99 | $3,102 |
| Gross Loans ($M) | ▲ | $2,443 | +44.21 | $2,399 |
| Loan Growth YoY (%) | ▼ | 87.47% | -5.28 | 92.75% |
| Total Deposits ($M) | ▲ | $2,765 | +204.82 | $2,560 |
| Shareholders Equity ($M) | ▲ | $341 | +25.11 | $316 |
| Tang. Book Value ($M) | ▲ | $285 | +32.02 | $253 |
| TBV excl. AOCI ($M)** | ▲ | $307 | +37.20 | $270 |
| Loan / Deposit Ratio (%) | ▼ | 87.47% | -5.28 | 92.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.32% | +0.05 | 0.27% |
| Allowance / Loans (%) | — | 1.02% | -0.01% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.02 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.52% | +0.38 | 11.14% |
Noninterest income ($4.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 2.59% | 2.64% | 2.70% | 2.95% | 3.10% | 3.20% | 3.29% | 3.35% |
| ▁▁▂▅▆███ | Return on Assets (%) | 0.48% | 0.53% | 0.58% | 0.76% | 0.85% | 0.92% | 0.98% | 0.95% |
| ██▅▃▂▁▁▁ | Efficiency Ratio (%) | 74.5% | 73.3% | 69.7% | 66.8% | 65.1% | 63.6% | 62.3% | 62.5% |
| █▇▅▅▃▂▁▁ | Cost of Funds (%) | 2.67% | 2.52% | 2.36% | 2.33% | 2.17% | 2.12% | 1.98% | 1.96% |
| ▂█▆▁▅▃▂▃ | NPA / Assets (%) | 0.30% | 0.46% | 0.40% | 0.27% | 0.37% | 0.32% | 0.29% | 0.32% |
| ▁█▆▁▅▃▂▁ | Net Charge-Off Ratio (%) | 0.36% | 0.57% | 0.51% | 0.35% | 0.48% | 0.42% | 0.39% | 0.37% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $234 | $247 | $245 | $253 | $261 | $273 | $282 | $285 |
| ▅█▃▁▁▂▂█ | Gross Loans ($M) | $2,426 | $2,438 | $2,414 | $2,399 | $2,400 | $2,408 | $2,407 | $2,443 |
| ▁▁▄▃▃▅▇█ | Total Deposits ($M) | $2,452 | $2,488 | $2,598 | $2,560 | $2,559 | $2,615 | $2,708 | $2,765 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 2% |