Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.12 | 1.13% |
| Return on Equity (%) | ▲ | 13.99% | +1.16 | 12.83% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.10 | 4.02% |
| Efficiency Ratio (%) | ▲ | 63.57% | -3.38 | 66.95% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.72 | $7 |
| Cost of Funds (%) | ▲ | 1.74% | -0.05 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,948 | +198.31 | $1,750 |
| Gross Loans ($M) | ▲ | $1,638 | +131.92 | $1,507 |
| Loan Growth YoY (%) | ▼ | 96.48% | -5.37 | 101.85% |
| Total Deposits ($M) | ▲ | $1,681 | +216.85 | $1,464 |
| Shareholders Equity ($M) | ▲ | $175 | +19.72 | $155 |
| Tang. Book Value ($M) | ▲ | $164 | +20.33 | $144 |
| TBV excl. AOCI ($M)** | ▲ | $169 | +20.79 | $149 |
| Loan / Deposit Ratio (%) | ▼ | 96.48% | -5.37 | 101.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.36% | -0.03 | 1.39% |
| Allowance / Loans (%) | — | 1.01% | 0.00% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 1.57% | -0.02 | 1.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.67% | +0.34 | 10.33% |
Noninterest income ($6.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.91% | 3.91% | 3.95% | 4.02% | 4.05% | 4.09% | 4.14% | 4.12% |
| ▁▁▂▄▄▆▇█ | Return on Assets (%) | 1.04% | 1.05% | 1.07% | 1.13% | 1.13% | 1.17% | 1.21% | 1.25% |
| ██▇▆▇▆▃▁ | Efficiency Ratio (%) | 68.4% | 68.3% | 67.5% | 66.9% | 67.3% | 66.7% | 65.3% | 63.6% |
| ▃██▂▅█▅▁ | Cost of Funds (%) | 1.82% | 2.01% | 2.01% | 1.79% | 1.88% | 2.01% | 1.90% | 1.74% |
| ▂▁▄▅█▅▂▄ | NPA / Assets (%) | 1.31% | 1.26% | 1.36% | 1.39% | 1.52% | 1.42% | 1.31% | 1.36% |
| ▂▁▃▄█▆▃▃ | Net Charge-Off Ratio (%) | 1.54% | 1.49% | 1.57% | 1.60% | 1.75% | 1.67% | 1.56% | 1.57% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $127 | $135 | $139 | $144 | $147 | $154 | $159 | $164 |
| ▁▂▃▅▅▅▆█ | Gross Loans ($M) | $1,369 | $1,415 | $1,460 | $1,507 | $1,516 | $1,535 | $1,548 | $1,638 |
| ▁▃▂▂▄▆██ | Total Deposits ($M) | $1,409 | $1,478 | $1,477 | $1,464 | $1,544 | $1,612 | $1,649 | $1,681 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 20% |
| Agricultural | 5% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 12% |