Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.17 | 0.95% |
| Return on Equity (%) | ▲ | 13.24% | +1.07 | 12.17% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.32 | 3.09% |
| Efficiency Ratio (%) | ▲ | 66.05% | -3.87 | 69.91% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.39 | $2 |
| Cost of Funds (%) | ▲ | 1.62% | -0.23 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $598 | +24.99 | $573 |
| Gross Loans ($M) | ▲ | $450 | +22.15 | $428 |
| Loan Growth YoY (%) | ▼ | 83.25% | -0.04 | 83.29% |
| Total Deposits ($M) | ▲ | $533 | +26.46 | $507 |
| Shareholders Equity ($M) | ▲ | $50 | +4.74 | $46 |
| Tang. Book Value ($M) | ▲ | $48 | +4.74 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +4.52 | $49 |
| Loan / Deposit Ratio (%) | ▼ | 83.25% | -0.04 | 83.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.09% | -0.43 | 1.52% |
| Allowance / Loans (%) | — | 1.32% | 0.01% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 1.45% | -0.58 | 2.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.13% | +0.26 | 12.88% |
Noninterest income ($1.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇▇█ | Net Interest Margin (%) | 2.78% | 2.80% | 2.85% | 3.09% | 3.20% | 3.28% | 3.32% | 3.41% |
| ▁▁▃▅▆▆▇█ | Return on Assets (%) | 0.72% | 0.77% | 0.83% | 0.95% | 0.98% | 1.00% | 1.03% | 1.12% |
| █▇▆▄▃▃▂▁ | Efficiency Ratio (%) | 76.3% | 74.8% | 72.8% | 69.9% | 69.5% | 69.1% | 68.4% | 66.0% |
| ██▆▄▄▄▂▁ | Cost of Funds (%) | 2.08% | 2.14% | 2.00% | 1.85% | 1.85% | 1.83% | 1.74% | 1.62% |
| ▁▁███▆▅▄ | NPA / Assets (%) | 0.72% | 0.70% | 1.51% | 1.52% | 1.42% | 1.29% | 1.16% | 1.09% |
| ▁▁██▇▆▅▄ | Net Charge-Off Ratio (%) | 0.98% | 0.96% | 2.05% | 2.03% | 1.89% | 1.70% | 1.54% | 1.45% |
| ▁▃▂▃▃▆██ | Tang. Book Value ($M) | $41 | $43 | $42 | $44 | $44 | $46 | $48 | $48 |
| ▁▂▃▃▃▄▆█ | Gross Loans ($M) | $418 | $424 | $428 | $428 | $429 | $432 | $442 | $450 |
| ▆██▄▅▁▅█ | Total Deposits ($M) | $521 | $529 | $532 | $507 | $512 | $490 | $517 | $533 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 8% |