Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.02% | -0.26 | 1.29% |
| Return on Equity (%) | ▼ | 10.34% | -3.33 | 13.67% |
| Net Interest Margin (%) | ▼ | 4.09% | -0.02 | 4.10% |
| Efficiency Ratio (%) | ▼ | 76.64% | +4.62 | 72.02% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.15 | $1 |
| Cost of Funds (%) | ▲ | 1.40% | -0.02 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $302 | +13.44 | $289 |
| Gross Loans ($M) | ▲ | $180 | +23.65 | $156 |
| Loan Growth YoY (%) | ▲ | 67.84% | +8.23 | 59.61% |
| Total Deposits ($M) | ▲ | $261 | +3.86 | $257 |
| Shareholders Equity ($M) | ▲ | $30 | +2.52 | $27 |
| Tang. Book Value ($M) | ▲ | $29 | +2.53 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +2.46 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 67.84% | +8.23 | 59.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.59% | -0.06 | 0.65% |
| Allowance / Loans (%) | — | 1.55% | -0.32% | 1.88% |
| Net Charge-Off Ratio (%) | ▲ | 0.99% | -0.20 | 1.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.00% | -1.61 | 15.61% |
Noninterest income ($0.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄█████ | Net Interest Margin (%) | 3.76% | 3.80% | 3.92% | 4.10% | 4.11% | 4.08% | 4.09% | 4.09% |
| ▁▁▇█▇▃▁▂ | Return on Assets (%) | 0.99% | 0.98% | 1.23% | 1.29% | 1.24% | 1.09% | 0.98% | 1.02% |
| ▇▇▆▁▂▆█▆ | Efficiency Ratio (%) | 77.1% | 77.5% | 76.3% | 72.0% | 73.5% | 76.6% | 78.8% | 76.6% |
| ▇█▃▁▂▁▁▁ | Cost of Funds (%) | 1.68% | 1.74% | 1.53% | 1.42% | 1.45% | 1.43% | 1.41% | 1.40% |
| ██▇▃▅▃▂▁ | NPA / Assets (%) | 0.80% | 0.79% | 0.77% | 0.65% | 0.70% | 0.66% | 0.62% | 0.59% |
| █▇▆▄▆▅▂▁ | Net Charge-Off Ratio (%) | 1.42% | 1.36% | 1.31% | 1.20% | 1.28% | 1.23% | 1.06% | 0.99% |
| ▁▆▁▄▄███ | Tang. Book Value ($M) | $25 | $27 | $25 | $26 | $27 | $29 | $28 | $29 |
| ▂▄▄▁▁▁▆█ | Gross Loans ($M) | $161 | $166 | $165 | $156 | $159 | $158 | $174 | $180 |
| ▄▃▁▆▅███ | Total Deposits ($M) | $255 | $253 | $250 | $257 | $256 | $260 | $260 | $261 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 10% |