Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.13 | 1.49% |
| Return on Equity (%) | ▲ | 17.65% | +0.41 | 17.24% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.17 | 3.83% |
| Efficiency Ratio (%) | ▲ | 59.08% | -3.77 | 62.85% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.33 | $1 |
| Cost of Funds (%) | ▲ | 1.78% | -0.04 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $369 | +33.91 | $335 |
| Gross Loans ($M) | ▲ | $276 | +23.51 | $252 |
| Loan Growth YoY (%) | ▼ | 85.45% | -4.05 | 89.50% |
| Total Deposits ($M) | ▲ | $320 | +40.47 | $280 |
| Shareholders Equity ($M) | ▲ | $34 | +4.04 | $30 |
| Tang. Book Value ($M) | ▲ | $28 | +4.03 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +4.31 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 85.45% | -4.05 | 89.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.12 | 0.32% |
| Allowance / Loans (%) | — | 0.91% | 0.01% | 0.90% |
| Net Charge-Off Ratio (%) | ▼ | 0.58% | +0.16 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▆▆▇█ | Net Interest Margin (%) | 3.42% | 3.45% | 3.48% | 3.83% | 3.80% | 3.83% | 3.87% | 4.00% |
| ▄▂▁▅▇▆▇█ | Return on Assets (%) | 1.43% | 1.35% | 1.28% | 1.49% | 1.57% | 1.51% | 1.58% | 1.63% |
| ▂▅█▇▃▂▁▁ | Efficiency Ratio (%) | 59.9% | 61.7% | 63.7% | 62.8% | 60.8% | 59.9% | 59.3% | 59.1% |
| ▄▅█▁▃▃▅▁ | Cost of Funds (%) | 1.94% | 2.00% | 2.17% | 1.82% | 1.89% | 1.92% | 2.00% | 1.78% |
| ▂▅▁▄▇▁██ | NPA / Assets (%) | 0.27% | 0.34% | 0.24% | 0.32% | 0.40% | 0.24% | 0.44% | 0.43% |
| ▂▅▁▄▇▁██ | Net Charge-Off Ratio (%) | 0.37% | 0.48% | 0.32% | 0.42% | 0.53% | 0.33% | 0.58% | 0.58% |
| ▁▂▁▃▃▇██ | Tang. Book Value ($M) | $22 | $23 | $22 | $24 | $24 | $26 | $28 | $28 |
| ▁▁▂▂▄▆▇█ | Gross Loans ($M) | $250 | $247 | $252 | $252 | $261 | $269 | $272 | $276 |
| ▂▃▁▁▃▆▆█ | Total Deposits ($M) | $288 | $293 | $283 | $280 | $291 | $309 | $308 | $320 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 12% |