Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.65% | +0.29 | 0.36% |
| Return on Equity (%) | ▲ | 7.92% | +3.29 | 4.63% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.11 | 3.84% |
| Efficiency Ratio (%) | ▼ | 79.42% | +1.64 | 77.78% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.02 | $5 |
| Cost of Funds (%) | ▲ | 2.04% | -0.14 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,920 | +108.23 | $1,812 |
| Gross Loans ($M) | ▲ | $1,371 | +94.72 | $1,276 |
| Loan Growth YoY (%) | ▼ | 82.78% | -0.98 | 83.77% |
| Total Deposits ($M) | ▲ | $1,638 | +131.74 | $1,506 |
| Shareholders Equity ($M) | ▲ | $155 | +13.78 | $142 |
| Tang. Book Value ($M) | ▲ | $151 | +14.14 | $137 |
| TBV excl. AOCI ($M)** | ▲ | $170 | +13.00 | $157 |
| Loan / Deposit Ratio (%) | ▼ | 82.78% | -0.98 | 83.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.70% | +0.89 | 0.81% |
| Allowance / Loans (%) | — | 1.09% | -0.04% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 2.16% | +1.01 | 1.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.66% | +0.47 | 10.20% |
Noninterest income ($5.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▅▁▂▆█ | Net Interest Margin (%) | 3.93% | 3.95% | 3.88% | 3.84% | 3.71% | 3.77% | 3.88% | 3.95% |
| ██▆▁▂▄▇▇ | Return on Assets (%) | 0.71% | 0.67% | 0.61% | 0.36% | 0.42% | 0.51% | 0.63% | 0.65% |
| ▁▃▄▁█▇▃▄ | Efficiency Ratio (%) | 78.0% | 78.8% | 79.3% | 77.8% | 81.1% | 80.7% | 78.7% | 79.4% |
| ▃██▄▄▅▃▁ | Cost of Funds (%) | 2.18% | 2.40% | 2.38% | 2.18% | 2.21% | 2.26% | 2.14% | 2.04% |
| ▁▂▂▂██▄▅ | NPA / Assets (%) | 0.46% | 0.95% | 0.89% | 0.81% | 2.53% | 2.49% | 1.27% | 1.70% |
| ▁▃▂▂██▃▅ | Net Charge-Off Ratio (%) | 0.63% | 1.36% | 1.24% | 1.16% | 3.56% | 3.49% | 1.54% | 2.16% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $130 | $138 | $135 | $137 | $139 | $145 | $152 | $151 |
| ▁▁▃▅▆▇██ | Gross Loans ($M) | $1,163 | $1,182 | $1,237 | $1,276 | $1,301 | $1,332 | $1,370 | $1,371 |
| ▁▅▄▄▄▆▇█ | Total Deposits ($M) | $1,394 | $1,518 | $1,508 | $1,506 | $1,487 | $1,567 | $1,585 | $1,638 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 8% |
| Agricultural | 21% |
| Consumer | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 10% |