Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.34% | -0.01 | 2.35% |
| Return on Equity (%) | ▼ | 12.54% | -1.42 | 13.96% |
| Net Interest Margin (%) | ▼ | 4.91% | -0.01 | 4.91% |
| Efficiency Ratio (%) | ▲ | 46.88% | -0.18 | 47.06% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.02 | $2 |
| Cost of Funds (%) | ▲ | 1.02% | -0.05 | 1.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $227 | +2.08 | $225 |
| Gross Loans ($M) | ▲ | $146 | +10.50 | $136 |
| Loan Growth YoY (%) | ▲ | 79.19% | +6.80 | 72.39% |
| Total Deposits ($M) | ▼ | $182 | -2.70 | $185 |
| Shareholders Equity ($M) | ▲ | $43 | +4.80 | $38 |
| Tang. Book Value ($M) | ▲ | $43 | +4.80 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +4.81 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 79.19% | +6.80 | 72.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.00 | 0.11% |
| Allowance / Loans (%) | — | 1.34% | -0.05% | 1.39% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.01 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 34.67% | +1.74 | 32.93% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▁▆█▇▁ | Net Interest Margin (%) | 5.13% | 5.14% | 5.08% | 4.91% | 5.07% | 5.12% | 5.11% | 4.91% |
| █▆▄▆▄▄▁▆ | Return on Assets (%) | 2.41% | 2.34% | 2.29% | 2.35% | 2.30% | 2.30% | 2.21% | 2.34% |
| ▁▁▅▆▆▅█▅ | Efficiency Ratio (%) | 45.6% | 45.8% | 46.9% | 47.1% | 47.1% | 46.8% | 48.0% | 46.9% |
| ▇▆█▆█▆▅▁ | Cost of Funds (%) | 1.08% | 1.08% | 1.10% | 1.08% | 1.10% | 1.08% | 1.06% | 1.02% |
| ▃█▁▂▃▁▄▂ | NPA / Assets (%) | 0.13% | 0.27% | 0.09% | 0.11% | 0.15% | 0.07% | 0.15% | 0.11% |
| ▃█▁▂▄▁▄▂ | Net Charge-Off Ratio (%) | 0.21% | 0.40% | 0.15% | 0.18% | 0.23% | 0.11% | 0.23% | 0.17% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $35 | $36 | $37 | $38 | $39 | $41 | $42 | $43 |
| ▁▄▃▃▆███ | Gross Loans ($M) | $132 | $137 | $136 | $136 | $142 | $146 | $146 | $146 |
| ▁▁▇█▆▆█▇ | Total Deposits ($M) | $171 | $169 | $181 | $185 | $181 | $180 | $183 | $182 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 9% |
| Agricultural | 6% |
| Consumer | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 6% |