Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.03% | +0.25 | 1.77% |
| Return on Equity (%) | ▲ | 18.59% | +2.11 | 16.48% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.23 | 3.81% |
| Efficiency Ratio (%) | ▲ | 49.00% | -3.98 | 52.98% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.54 | $5 |
| Cost of Funds (%) | ▲ | 2.08% | -0.24 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,222 | +144.39 | $1,078 |
| Gross Loans ($M) | ▲ | $1,050 | +133.39 | $917 |
| Loan Growth YoY (%) | ▲ | 100.26% | +3.63 | 96.63% |
| Total Deposits ($M) | ▲ | $1,034 | +96.79 | $937 |
| Shareholders Equity ($M) | ▲ | $132 | +16.91 | $115 |
| Tang. Book Value ($M) | ▲ | $124 | +16.94 | $107 |
| TBV excl. AOCI ($M)** | ▲ | $130 | +16.90 | $113 |
| Loan / Deposit Ratio (%) | ▲ | 100.26% | +3.63 | 96.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.82% | -0.07 | 0.89% |
| Allowance / Loans (%) | — | 1.31% | 0.07% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.93% | -0.12 | 1.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.65% | -0.03 | 11.68% |
Noninterest income ($1.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇▇█ | Net Interest Margin (%) | 3.63% | 3.65% | 3.66% | 3.81% | 3.91% | 3.97% | 3.99% | 4.04% |
| ▃▃▁▅▆▇▇█ | Return on Assets (%) | 1.65% | 1.64% | 1.51% | 1.77% | 1.88% | 1.93% | 1.90% | 2.03% |
| ▅▅█▄▂▁▁▁ | Efficiency Ratio (%) | 54.3% | 54.3% | 57.8% | 53.0% | 50.4% | 49.5% | 49.1% | 49.0% |
| ██▇▄▄▄▂▁ | Cost of Funds (%) | 2.58% | 2.59% | 2.50% | 2.31% | 2.29% | 2.28% | 2.19% | 2.08% |
| ▁▄▁▇▄▆█▅ | NPA / Assets (%) | 0.61% | 0.74% | 0.63% | 0.89% | 0.78% | 0.84% | 0.95% | 0.82% |
| ▁▄▁▇▅▆█▅ | Net Charge-Off Ratio (%) | 0.72% | 0.89% | 0.75% | 1.04% | 0.91% | 0.98% | 1.11% | 0.93% |
| ▁▂▂▂▃▆▇█ | Tang. Book Value ($M) | $102 | $106 | $106 | $107 | $110 | $117 | $121 | $124 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $827 | $832 | $878 | $917 | $943 | $974 | $1,005 | $1,050 |
| ▁▂▄▄▅▅▇█ | Total Deposits ($M) | $845 | $882 | $931 | $937 | $943 | $954 | $1,000 | $1,034 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 42% |
| C&I / Commercial | 16% |
| Agricultural | 39% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 17% |