Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 8.28% | +2.82 | 5.47% |
| Return on Equity (%) | ▼ | 68.77% | -6.43 | 75.20% |
| Net Interest Margin (%) | ▲ | 9.63% | +3.25 | 6.38% |
| Efficiency Ratio (%) | ▲ | 38.88% | -2.04 | 40.92% |
| Pre-Provision Profit ($M) | ▲ | $33 | +18.83 | $14 |
| Cost of Funds (%) | ▼ | 2.83% | +1.48 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,389 | +603.16 | $786 |
| Gross Loans ($M) | ▲ | $323 | +100.80 | $222 |
| Loan Growth YoY (%) | ▼ | 27.08% | -4.77 | 31.85% |
| Total Deposits ($M) | ▲ | $1,185 | +495.21 | $689 |
| Shareholders Equity ($M) | ▲ | $145 | +83.28 | $62 |
| Tang. Book Value ($M) | ▲ | $145 | +83.28 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $167 | +93.85 | $74 |
| Loan / Deposit Ratio (%) | ▼ | 27.08% | -4.77 | 31.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.05 | 0.12% |
| Allowance / Loans (%) | — | 0.62% | -0.48% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.13 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 23.73% | +4.49 | 19.24% |
Noninterest income ($31.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃█▇▇▆ | Net Interest Margin (%) | 3.95% | 4.16% | 3.94% | 6.38% | 12.53% | 10.86% | 10.59% | 9.63% |
| ▁▂▂▅████ | Return on Assets (%) | 0.51% | 1.78% | 2.29% | 5.47% | 8.58% | 7.80% | 7.76% | 8.28% |
| █▅▅▂▁▁▁▂ | Efficiency Ratio (%) | 87.8% | 65.7% | 62.6% | 40.9% | 31.5% | 32.2% | 36.4% | 38.9% |
| ▁▁▂▂▅▅█▆ | Cost of Funds (%) | 0.98% | 1.08% | 1.64% | 1.36% | 2.39% | 2.49% | 3.74% | 2.83% |
| █▆▄▄▃▂▄▁ | NPA / Assets (%) | 0.19% | 0.14% | 0.13% | 0.12% | 0.11% | 0.10% | 0.11% | 0.07% |
| █▇▆▅▆█▇▁ | Net Charge-Off Ratio (%) | 0.50% | 0.45% | 0.43% | 0.42% | 0.44% | 0.50% | 0.46% | 0.29% |
| ▁▁▁▂▄▆▇█ | Tang. Book Value ($M) | $38 | $47 | $48 | $62 | $85 | $109 | $124 | $145 |
| ▁▁▁▂▁▂▁█ | Gross Loans ($M) | $205 | $210 | $215 | $222 | $211 | $226 | $212 | $323 |
| ▁▂▃▃▃▇▃█ | Total Deposits ($M) | $464 | $590 | $654 | $689 | $712 | $1,029 | $688 | $1,185 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 52% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 38% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 44% |
| Interest-Bearing (core) | 55% |