Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.33 | 1.58% |
| Return on Equity (%) | ▲ | 16.34% | +0.83 | 15.51% |
| Net Interest Margin (%) | ▲ | 4.65% | +0.43 | 4.22% |
| Efficiency Ratio (%) | ▲ | 50.92% | -3.16 | 54.08% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.32 | $2 |
| Cost of Funds (%) | ▲ | 0.79% | -0.29 | 1.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $364 | -4.67 | $369 |
| Gross Loans ($M) | ▲ | $230 | +14.13 | $216 |
| Loan Growth YoY (%) | ▲ | 71.21% | +6.23 | 64.99% |
| Total Deposits ($M) | ▼ | $319 | -9.12 | $328 |
| Shareholders Equity ($M) | ▲ | $43 | +4.80 | $38 |
| Tang. Book Value ($M) | ▲ | $43 | +4.82 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +3.95 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 71.21% | +6.23 | 64.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.88% | +0.18 | 0.70% |
| Allowance / Loans (%) | — | 1.15% | 0.01% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 1.29% | +0.13 | 1.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▂▄▅▇█ | Net Interest Margin (%) | 4.17% | 4.09% | 4.13% | 4.22% | 4.34% | 4.44% | 4.51% | 4.65% |
| ▁▁▂▃▃▆▆█ | Return on Assets (%) | 1.43% | 1.44% | 1.53% | 1.58% | 1.61% | 1.73% | 1.79% | 1.91% |
| ██▆▄▅▃▂▁ | Efficiency Ratio (%) | 58.8% | 57.8% | 56.6% | 54.1% | 55.1% | 53.2% | 52.4% | 50.9% |
| ▆▆█▆▅▄▂▁ | Cost of Funds (%) | 1.07% | 1.08% | 1.23% | 1.08% | 1.05% | 0.97% | 0.85% | 0.79% |
| ▁▂▃▁███▆ | NPA / Assets (%) | 0.69% | 0.74% | 0.77% | 0.70% | 0.93% | 0.94% | 0.94% | 0.88% |
| ▁▄▅▂███▄ | Net Charge-Off Ratio (%) | 1.09% | 1.31% | 1.31% | 1.16% | 1.52% | 1.52% | 1.49% | 1.29% |
| ▁▃▂▄▆█▇█ | Tang. Book Value ($M) | $34 | $37 | $36 | $38 | $40 | $42 | $41 | $43 |
| ▁▁▃▄▅▆██ | Gross Loans ($M) | $203 | $205 | $211 | $216 | $219 | $222 | $227 | $230 |
| ▁█▇█▆▆▆▇ | Total Deposits ($M) | $290 | $325 | $321 | $328 | $318 | $317 | $316 | $319 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 4% |