Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.57% | -0.23 | 1.80% |
| Return on Equity (%) | ▼ | 13.43% | -4.90 | 18.33% |
| Net Interest Margin (%) | ▲ | 4.66% | +0.36 | 4.30% |
| Efficiency Ratio (%) | ▼ | 65.49% | +1.37 | 64.12% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.89 | $5 |
| Cost of Funds (%) | ▲ | 0.78% | -0.13 | 0.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,277 | +61.74 | $1,215 |
| Gross Loans ($M) | ▲ | $799 | +53.03 | $746 |
| Loan Growth YoY (%) | ▲ | 70.82% | +2.79 | 68.03% |
| Total Deposits ($M) | ▲ | $1,111 | +31.13 | $1,080 |
| Shareholders Equity ($M) | ▲ | $149 | +26.00 | $123 |
| Tang. Book Value ($M) | ▲ | $133 | +26.00 | $107 |
| TBV excl. AOCI ($M)** | ▲ | $146 | +24.62 | $122 |
| Loan / Deposit Ratio (%) | ▲ | 70.82% | +2.79 | 68.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.03% | +0.80 | 0.23% |
| Allowance / Loans (%) | — | 1.54% | 0.00% | 1.53% |
| Net Charge-Off Ratio (%) | ▼ | 1.63% | +1.26 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.75% | +1.51 | 16.24% |
Noninterest income ($3.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 4.00% | 4.02% | 4.07% | 4.30% | 4.38% | 4.43% | 4.45% | 4.66% |
| ▁▁▁▄▅▆█▃ | Return on Assets (%) | 1.32% | 1.30% | 1.17% | 1.80% | 1.86% | 2.03% | 2.46% | 1.57% |
| ███▄▁▃▄▆ | Efficiency Ratio (%) | 67.8% | 67.9% | 68.2% | 64.1% | 60.4% | 62.7% | 64.2% | 65.5% |
| ▇█▆▃▄▃▃▁ | Cost of Funds (%) | 1.09% | 1.15% | 1.04% | 0.90% | 0.92% | 0.91% | 0.88% | 0.78% |
| ▄▃▁▁▁▁▄█ | NPA / Assets (%) | 0.62% | 0.47% | 0.32% | 0.23% | 0.30% | 0.27% | 0.59% | 1.03% |
| ▄▃▁▁▁▁▄█ | Net Charge-Off Ratio (%) | 0.98% | 0.74% | 0.51% | 0.38% | 0.49% | 0.43% | 0.94% | 1.63% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $93 | $101 | $100 | $107 | $112 | $120 | $131 | $133 |
| ▄▂▄▁▂▄▇█ | Gross Loans ($M) | $766 | $757 | $769 | $746 | $755 | $772 | $790 | $799 |
| ▅▁▃▂▆█▆█ | Total Deposits ($M) | $1,094 | $1,070 | $1,086 | $1,080 | $1,098 | $1,107 | $1,096 | $1,111 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 4% |