Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.79% | -0.13 | 0.92% |
| Return on Equity (%) | ▼ | 7.26% | -1.58 | 8.84% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.38 | 2.64% |
| Efficiency Ratio (%) | ▼ | 68.97% | +0.36 | 68.61% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.03 | $1 |
| Cost of Funds (%) | ▲ | 1.39% | -0.07 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $402 | +26.67 | $375 |
| Gross Loans ($M) | ▲ | $177 | +18.98 | $158 |
| Loan Growth YoY (%) | ▲ | 51.89% | +2.49 | 49.40% |
| Total Deposits ($M) | ▲ | $336 | +21.00 | $315 |
| Shareholders Equity ($M) | ▲ | $44 | +4.14 | $39 |
| Tang. Book Value ($M) | ▲ | $43 | +4.14 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +4.71 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 51.89% | +2.49 | 49.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.01 | 0.11% |
| Allowance / Loans (%) | — | 1.30% | -0.01% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.01 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.93% | -2.04 | 21.97% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▄▅▇█ | Net Interest Margin (%) | 2.64% | 2.64% | 2.66% | 2.64% | 2.80% | 2.87% | 2.94% | 3.02% |
| ▂▁▄▇▅▅█▃ | Return on Assets (%) | 0.74% | 0.71% | 0.84% | 0.92% | 0.86% | 0.86% | 0.98% | 0.79% |
| ██▅▅▅▄▁▅ | Efficiency Ratio (%) | 71.7% | 72.4% | 69.3% | 68.6% | 69.5% | 68.4% | 64.5% | 69.0% |
| ▁▄█▆▆▆▆▃ | Cost of Funds (%) | 1.32% | 1.40% | 1.52% | 1.46% | 1.45% | 1.47% | 1.46% | 1.39% |
| ▂▄▁▁▁█▁▁ | NPA / Assets (%) | 0.16% | 0.23% | 0.13% | 0.11% | 0.12% | 0.41% | 0.11% | 0.12% |
| ▁▃▁▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.29% | 0.48% | 0.31% | 0.25% | 0.27% | 0.94% | 0.24% | 0.26% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $37 | $38 | $38 | $39 | $40 | $41 | $42 | $43 |
| ▁▂▃▄▅▇██ | Gross Loans ($M) | $144 | $149 | $154 | $158 | $164 | $170 | $175 | $177 |
| ▁▃▂▄▅▇▆█ | Total Deposits ($M) | $298 | $309 | $306 | $315 | $319 | $329 | $325 | $336 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 14% |
| Agricultural | 6% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |