Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.11% | -0.57 | 0.46% |
| Return on Equity (%) | ▼ | -0.96% | -5.14 | 4.18% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.34 | 3.01% |
| Efficiency Ratio (%) | ▼ | 101.19% | +21.55 | 79.64% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -1.20 | $1 |
| Cost of Funds (%) | ▲ | 1.72% | -0.12 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $663 | +10.58 | $652 |
| Gross Loans ($M) | ▲ | $489 | +17.95 | $471 |
| Loan Growth YoY (%) | ▲ | 93.14% | +3.28 | 89.86% |
| Total Deposits ($M) | ▲ | $521 | +1.55 | $519 |
| Shareholders Equity ($M) | ▲ | $78 | +4.61 | $73 |
| Tang. Book Value ($M) | ▲ | $74 | +4.79 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $79 | +3.57 | $75 |
| Loan / Deposit Ratio (%) | ▲ | 93.14% | +3.28 | 89.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.82 | 0.97% |
| Allowance / Loans (%) | — | 0.93% | -0.15% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -1.14 | 1.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.11% | -1.20 | 15.31% |
Noninterest income ($0.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▇▇█ | Net Interest Margin (%) | 2.63% | 2.64% | 2.67% | 3.01% | 3.12% | 3.20% | 3.22% | 3.35% |
| ▅▆▅█▇▆█▁ | Return on Assets (%) | 0.26% | 0.32% | 0.25% | 0.46% | 0.34% | 0.31% | 0.49% | -0.11% |
| ▃▃▃▂▂▁▁█ | Efficiency Ratio (%) | 85.0% | 83.5% | 84.4% | 79.6% | 79.2% | 77.2% | 76.0% | 101.2% |
| ▇██▃▁▁▂▁ | Cost of Funds (%) | 2.00% | 2.06% | 2.08% | 1.84% | 1.76% | 1.73% | 1.77% | 1.72% |
| ▅▅█▇▄▃▁▁ | NPA / Assets (%) | 0.67% | 0.71% | 1.15% | 0.97% | 0.57% | 0.51% | 0.24% | 0.15% |
| ▅▅█▇▄▃▁▁ | Net Charge-Off Ratio (%) | 0.97% | 1.03% | 1.66% | 1.35% | 0.77% | 0.69% | 0.34% | 0.20% |
| ▁▄▃▄▆▇██ | Tang. Book Value ($M) | $64 | $68 | $67 | $69 | $70 | $72 | $74 | $74 |
| ▁▂▃▆▆▇▇█ | Gross Loans ($M) | $441 | $448 | $459 | $471 | $473 | $481 | $482 | $489 |
| ▂▅█▅▁▁▇▅ | Total Deposits ($M) | $506 | $521 | $536 | $519 | $500 | $503 | $531 | $521 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 6% |