Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.02% | +0.40 | 1.62% |
| Return on Equity (%) | ▲ | 21.45% | +4.42 | 17.03% |
| Net Interest Margin (%) | ▼ | 4.83% | -0.11 | 4.94% |
| Efficiency Ratio (%) | ▲ | 53.96% | -6.07 | 60.03% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.79 | $2 |
| Cost of Funds (%) | ▼ | 1.31% | +0.14 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $409 | +48.03 | $361 |
| Gross Loans ($M) | ▲ | $301 | +52.63 | $248 |
| Loan Growth YoY (%) | ▲ | 81.67% | +5.90 | 75.77% |
| Total Deposits ($M) | ▲ | $363 | +40.85 | $322 |
| Shareholders Equity ($M) | ▲ | $37 | +2.25 | $34 |
| Tang. Book Value ($M) | ▲ | $37 | +2.25 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +2.12 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 81.67% | +5.90 | 75.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.02 | 0.05% |
| Allowance / Loans (%) | — | 1.28% | -0.17% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.03 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.26% | -2.23 | 16.49% |
Noninterest income ($1.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▅▃▅▆█▁ | Net Interest Margin (%) | 4.95% | 4.88% | 5.00% | 4.94% | 5.02% | 5.05% | 5.15% | 4.83% |
| ▁▁▁▁▂▄▄█ | Return on Assets (%) | 1.66% | 1.64% | 1.64% | 1.62% | 1.71% | 1.79% | 1.77% | 2.02% |
| ▇▇█▇▆▄▆▁ | Efficiency Ratio (%) | 59.6% | 60.0% | 61.3% | 60.0% | 58.8% | 57.4% | 58.8% | 54.0% |
| ▁▅▆▄▆█▇▇ | Cost of Funds (%) | 0.98% | 1.21% | 1.26% | 1.17% | 1.22% | 1.36% | 1.27% | 1.31% |
| ▁▂▁▂█▆▆▁ | NPA / Assets (%) | 0.03% | 0.04% | 0.03% | 0.05% | 0.12% | 0.09% | 0.10% | 0.03% |
| ▁▃▁▄▁█▃▁ | Net Charge-Off Ratio (%) | 0.04% | 0.06% | 0.04% | 0.07% | 0.03% | 0.12% | 0.06% | 0.04% |
| ▄▄▁▄▇▅██ | Tang. Book Value ($M) | $35 | $35 | $33 | $34 | $36 | $35 | $37 | $37 |
| ▁▁▁▃▄▆▇█ | Gross Loans ($M) | $230 | $237 | $238 | $248 | $261 | $275 | $289 | $301 |
| ▂▄▁▃▂▄▃█ | Total Deposits ($M) | $317 | $329 | $308 | $322 | $316 | $335 | $328 | $363 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 21% |