Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.91 | 0.73% |
| Return on Equity (%) | ▲ | 14.54% | +7.29 | 7.25% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.42 | 3.72% |
| Efficiency Ratio (%) | ▲ | 50.92% | -22.03 | 72.95% |
| Pre-Provision Profit ($M) | ▲ | $3 | +2.24 | $1 |
| Cost of Funds (%) | ▲ | 1.39% | -0.49 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $576 | +194.84 | $381 |
| Gross Loans ($M) | ▲ | $406 | +82.30 | $324 |
| Loan Growth YoY (%) | ▼ | 81.89% | -20.81 | 102.70% |
| Total Deposits ($M) | ▲ | $489 | +177.62 | $311 |
| Shareholders Equity ($M) | ▲ | $63 | +24.45 | $39 |
| Tang. Book Value ($M) | ▲ | $55 | +20.49 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +24.49 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 81.89% | -20.81 | 102.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.97% | -0.13 | 1.10% |
| Allowance / Loans (%) | — | 1.45% | 0.13% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 1.37% | +0.08 | 1.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.10% | +2.46 | 11.64% |
Noninterest income ($1.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▄▅█ | Net Interest Margin (%) | 3.40% | 3.44% | 3.49% | 3.72% | 3.69% | 3.74% | 3.86% | 4.14% |
| ▁▁▁▁▂▂▃█ | Return on Assets (%) | 0.81% | 0.82% | 0.81% | 0.73% | 0.88% | 0.87% | 0.96% | 1.64% |
| ▇▇██▆▆▆▁ | Efficiency Ratio (%) | 70.0% | 70.1% | 71.0% | 73.0% | 67.4% | 66.5% | 65.4% | 50.9% |
| ███▆▅▁▁▁ | Cost of Funds (%) | 1.99% | 2.07% | 2.00% | 1.88% | 1.75% | 1.45% | 1.45% | 1.39% |
| ▁▁▂█▅█▇▇ | NPA / Assets (%) | 0.36% | 0.34% | 0.50% | 1.10% | 0.77% | 1.13% | 1.02% | 0.97% |
| ▁▁▂▇▅█▇▇ | Net Charge-Off Ratio (%) | 0.43% | 0.41% | 0.59% | 1.30% | 1.04% | 1.53% | 1.37% | 1.37% |
| ▁▁▁▁▇███ | Tang. Book Value ($M) | $34 | $36 | $33 | $34 | $50 | $53 | $54 | $55 |
| ▁▁▁▁████ | Gross Loans ($M) | $313 | $316 | $318 | $324 | $398 | $398 | $405 | $406 |
| ▁▁▁▁▇▇▇█ | Total Deposits ($M) | $320 | $313 | $301 | $311 | $452 | $453 | $447 | $489 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 11% |
| Agricultural | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 7% |