Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.27 | 0.57% |
| Return on Equity (%) | ▲ | 8.11% | +1.96 | 6.15% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.59 | 2.94% |
| Efficiency Ratio (%) | ▲ | 75.29% | -3.01 | 78.30% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.74 | $4 |
| Cost of Funds (%) | ▲ | 2.00% | -0.38 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,249 | +59.49 | $2,190 |
| Gross Loans ($M) | ▲ | $1,975 | +87.75 | $1,887 |
| Loan Growth YoY (%) | ▲ | 103.58% | +3.14 | 100.44% |
| Total Deposits ($M) | ▲ | $1,887 | +28.31 | $1,859 |
| Shareholders Equity ($M) | ▲ | $233 | +30.92 | $202 |
| Tang. Book Value ($M) | ▲ | $215 | +30.61 | $184 |
| TBV excl. AOCI ($M)** | ▲ | $222 | +31.64 | $190 |
| Loan / Deposit Ratio (%) | ▲ | 103.58% | +3.14 | 100.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.25 | 0.05% |
| Allowance / Loans (%) | — | 1.01% | -0.04% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.28 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.51% | +0.90 | 9.62% |
Noninterest income ($4.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▆█ | Net Interest Margin (%) | 2.64% | 2.70% | 2.74% | 2.94% | 3.10% | 3.21% | 3.29% | 3.53% |
| ▁▁▁▂▅▇▇█ | Return on Assets (%) | 0.52% | 0.54% | 0.51% | 0.57% | 0.67% | 0.77% | 0.79% | 0.83% |
| ▆▇██▄▁▁▄ | Efficiency Ratio (%) | 77.1% | 77.5% | 78.9% | 78.3% | 75.5% | 73.3% | 73.1% | 75.3% |
| ██▇▅▄▄▂▁ | Cost of Funds (%) | 2.68% | 2.73% | 2.57% | 2.37% | 2.30% | 2.29% | 2.14% | 2.00% |
| ▁▁▁▁▂▁▁█ | NPA / Assets (%) | 0.05% | 0.05% | 0.04% | 0.05% | 0.09% | 0.06% | 0.05% | 0.30% |
| ▁▁▁▁▂▁▁█ | Net Charge-Off Ratio (%) | 0.04% | 0.03% | 0.04% | 0.06% | 0.11% | 0.07% | 0.06% | 0.35% |
| ▁▂▁▁▆▇██ | Tang. Book Value ($M) | $185 | $188 | $184 | $184 | $205 | $209 | $213 | $215 |
| ▄▅▂▁▁▄▇█ | Gross Loans ($M) | $1,927 | $1,931 | $1,906 | $1,887 | $1,894 | $1,925 | $1,959 | $1,975 |
| ▁▂▃▅▁██▇ | Total Deposits ($M) | $1,804 | $1,824 | $1,837 | $1,859 | $1,816 | $1,909 | $1,901 | $1,887 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 17% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 14% |