Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.32 | 0.99% |
| Return on Equity (%) | ▲ | 8.81% | +1.85 | 6.96% |
| Net Interest Margin (%) | ▲ | 2.88% | +0.49 | 2.39% |
| Efficiency Ratio (%) | ▲ | 50.71% | -5.60 | 56.31% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.63 | $2 |
| Cost of Funds (%) | ▲ | 2.19% | -0.19 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $604 | -1.86 | $605 |
| Gross Loans ($M) | ▼ | $457 | -1.71 | $458 |
| Loan Growth YoY (%) | ▼ | 92.63% | -1.89 | 94.53% |
| Total Deposits ($M) | ▲ | $486 | +7.93 | $478 |
| Shareholders Equity ($M) | ▲ | $92 | +4.11 | $88 |
| Tang. Book Value ($M) | ▲ | $90 | +4.27 | $85 |
| TBV excl. AOCI ($M)** | ▲ | $95 | +4.37 | $91 |
| Loan / Deposit Ratio (%) | ▼ | 92.63% | -1.89 | 94.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.16 | 0.11% |
| Allowance / Loans (%) | — | 1.40% | 0.00% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.22 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.35% | +0.61 | 17.74% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 1.92% | 1.95% | 2.04% | 2.39% | 2.45% | 2.49% | 2.56% | 2.88% |
| ▁▁▁▅▅▅▆█ | Return on Assets (%) | 0.58% | 0.60% | 0.64% | 0.99% | 0.99% | 1.03% | 1.07% | 1.31% |
| ███▃▃▃▂▁ | Efficiency Ratio (%) | 71.3% | 70.2% | 69.0% | 56.3% | 57.5% | 56.4% | 55.8% | 50.7% |
| ▇█▄▃▄▅▂▁ | Cost of Funds (%) | 2.64% | 2.72% | 2.42% | 2.38% | 2.45% | 2.49% | 2.29% | 2.19% |
| ▂▂▁▁▁▁▁█ | NPA / Assets (%) | 0.14% | 0.13% | 0.12% | 0.11% | 0.11% | 0.11% | 0.11% | 0.28% |
| ▂▂▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.18% | 0.17% | 0.16% | 0.15% | 0.15% | 0.15% | 0.15% | 0.37% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $83 | $84 | $84 | $85 | $86 | $88 | $89 | $90 |
| ▁▁▇▄▄▆█▃ | Gross Loans ($M) | $448 | $449 | $470 | $458 | $460 | $464 | $473 | $457 |
| ▁▁▄▆▃▁▁█ | Total Deposits ($M) | $458 | $458 | $469 | $478 | $466 | $460 | $457 | $486 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 1% |
| Agricultural | 10% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 2% |