Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.11 | 0.78% |
| Return on Equity (%) | ▲ | 6.92% | +0.78 | 6.14% |
| Net Interest Margin (%) | ▼ | 3.60% | -0.03 | 3.63% |
| Efficiency Ratio (%) | ▲ | 69.10% | -1.67 | 70.76% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.19 | $1 |
| Cost of Funds (%) | ▼ | 1.75% | +0.08 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $559 | +50.10 | $509 |
| Gross Loans ($M) | ▲ | $448 | +46.15 | $402 |
| Loan Growth YoY (%) | ▲ | 92.76% | +1.29 | 91.48% |
| Total Deposits ($M) | ▲ | $477 | +43.35 | $434 |
| Shareholders Equity ($M) | ▲ | $71 | +6.65 | $64 |
| Tang. Book Value ($M) | ▲ | $71 | +6.61 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +6.77 | $67 |
| Loan / Deposit Ratio (%) | ▲ | 92.76% | +1.29 | 91.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.07 | 0.28% |
| Allowance / Loans (%) | — | 1.30% | -0.06% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.06 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.05% | -0.52 | 16.57% |
Noninterest income ($0.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇██▄ | Net Interest Margin (%) | 3.45% | 3.48% | 3.50% | 3.63% | 3.70% | 3.73% | 3.76% | 3.60% |
| ▅▅▆▁▅▆█▆ | Return on Assets (%) | 0.87% | 0.88% | 0.89% | 0.78% | 0.89% | 0.90% | 0.95% | 0.89% |
| ██▇▄▄▅▃▁ | Efficiency Ratio (%) | 73.4% | 73.2% | 72.4% | 70.8% | 71.1% | 71.3% | 70.6% | 69.1% |
| ▄██▁▃▇▇▅ | Cost of Funds (%) | 1.72% | 1.79% | 1.80% | 1.67% | 1.72% | 1.78% | 1.78% | 1.75% |
| ▁▁█▃▁▁▁▃ | NPA / Assets (%) | 0.14% | 0.14% | 0.85% | 0.28% | 0.14% | 0.11% | 0.07% | 0.35% |
| ▁▁█▃▁▁▁▃ | Net Charge-Off Ratio (%) | 0.16% | 0.17% | 1.02% | 0.36% | 0.15% | 0.12% | 0.07% | 0.42% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $59 | $62 | $62 | $64 | $66 | $67 | $69 | $71 |
| ▁▂▃▂▄▅▆█ | Gross Loans ($M) | $390 | $399 | $405 | $402 | $413 | $422 | $430 | $448 |
| ▁▂▂▄▃▃▇█ | Total Deposits ($M) | $395 | $409 | $412 | $434 | $418 | $425 | $457 | $477 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 11% |
| Agricultural | 5% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |