Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.50% | +0.12 | 1.38% |
| Return on Equity (%) | ▼ | 20.29% | -1.18 | 21.47% |
| Net Interest Margin (%) | ▲ | 3.00% | +0.31 | 2.69% |
| Efficiency Ratio (%) | ▼ | 52.28% | +4.08 | 48.19% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.18 | $8 |
| Cost of Funds (%) | ▲ | 1.93% | -0.13 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,102 | +10.01 | $2,092 |
| Gross Loans ($M) | ▲ | $1,304 | +76.41 | $1,228 |
| Loan Growth YoY (%) | ▲ | 67.40% | +4.13 | 63.27% |
| Total Deposits ($M) | ▼ | $1,907 | -5.60 | $1,913 |
| Shareholders Equity ($M) | ▲ | $160 | +22.00 | $138 |
| Tang. Book Value ($M) | ▲ | $157 | +22.26 | $135 |
| TBV excl. AOCI ($M)** | ▲ | $185 | +21.24 | $163 |
| Loan / Deposit Ratio (%) | ▲ | 67.40% | +4.13 | 63.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.40 | 0.42% |
| Allowance / Loans (%) | — | 1.46% | 0.00% | 1.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.70 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.04% | +0.18 | 13.86% |
Noninterest income ($2.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 2.38% | 2.42% | 2.48% | 2.69% | 2.80% | 2.85% | 2.91% | 3.00% |
| ▁▁▁▆██▇█ | Return on Assets (%) | 1.00% | 1.00% | 1.01% | 1.38% | 1.56% | 1.53% | 1.47% | 1.50% |
| ███▁▂▃▄▃ | Efficiency Ratio (%) | 60.3% | 60.5% | 61.1% | 48.2% | 50.9% | 51.6% | 53.8% | 52.3% |
| ▇█▃▂▃▃▂▁ | Cost of Funds (%) | 2.47% | 2.62% | 2.18% | 2.05% | 2.11% | 2.13% | 2.04% | 1.93% |
| ▁▁▁█▁▁▁▁ | NPA / Assets (%) | 0.04% | 0.03% | 0.03% | 0.42% | 0.03% | 0.02% | 0.02% | 0.03% |
| ▁▁▁█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.06% | 0.05% | 0.06% | 0.72% | 0.02% | 0.00% | 0.00% | 0.02% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $121 | $129 | $127 | $135 | $137 | $145 | $152 | $157 |
| ▁▂▂▄▆▇██ | Gross Loans ($M) | $1,180 | $1,202 | $1,205 | $1,228 | $1,264 | $1,288 | $1,296 | $1,304 |
| ▁▃▇▆▆▅█▆ | Total Deposits ($M) | $1,787 | $1,840 | $1,933 | $1,913 | $1,904 | $1,887 | $1,962 | $1,907 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 25% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 9% |