Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.77% | +0.46 | 1.31% |
| Return on Equity (%) | ▲ | 24.26% | +2.86 | 21.40% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.31 | 3.46% |
| Efficiency Ratio (%) | ▲ | 57.40% | -6.59 | 63.98% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.94 | $2 |
| Cost of Funds (%) | ▲ | 1.78% | -0.21 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $765 | +68.50 | $696 |
| Gross Loans ($M) | ▲ | $512 | +57.85 | $454 |
| Loan Growth YoY (%) | ▲ | 71.93% | +2.51 | 69.42% |
| Total Deposits ($M) | ▲ | $705 | +57.35 | $648 |
| Shareholders Equity ($M) | ▲ | $55 | +11.30 | $43 |
| Tang. Book Value ($M) | ▲ | $54 | +11.39 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +10.66 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 71.93% | +2.51 | 69.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.33% | -0.08 | 0.41% |
| Allowance / Loans (%) | — | 0.84% | -0.03% | 0.86% |
| Net Charge-Off Ratio (%) | ▲ | 0.46% | -0.13 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.32% | -0.10 | 11.42% |
Noninterest income ($1.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▇███ | Net Interest Margin (%) | 3.09% | 3.24% | 3.33% | 3.46% | 3.62% | 3.69% | 3.74% | 3.77% |
| ▁▁▂▄▅▆▆█ | Return on Assets (%) | 1.03% | 1.09% | 1.17% | 1.31% | 1.48% | 1.54% | 1.58% | 1.77% |
| ██▇▅▄▃▃▁ | Efficiency Ratio (%) | 70.2% | 69.7% | 68.4% | 64.0% | 62.4% | 61.5% | 60.6% | 57.4% |
| ██▅▃▂▂▁▁ | Cost of Funds (%) | 2.40% | 2.36% | 2.17% | 1.99% | 1.93% | 1.92% | 1.83% | 1.78% |
| ▇██▇▅▆▅▁ | NPA / Assets (%) | 0.41% | 0.43% | 0.43% | 0.41% | 0.39% | 0.40% | 0.39% | 0.33% |
| ██▇▇▆▅▄▁ | Net Charge-Off Ratio (%) | 0.62% | 0.62% | 0.59% | 0.58% | 0.56% | 0.56% | 0.52% | 0.46% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $35 | $41 | $40 | $43 | $46 | $49 | $53 | $54 |
| ▁▂▂▂▂▄▇█ | Gross Loans ($M) | $443 | $459 | $456 | $454 | $451 | $473 | $497 | $512 |
| ▁▁▂▄▄▄▅█ | Total Deposits ($M) | $615 | $605 | $620 | $648 | $643 | $644 | $660 | $705 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 13% |
| Agricultural | 8% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 5% |