Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 5.05% | +0.05 | 5.01% |
| Return on Equity (%) | ▼ | 37.14% | -1.82 | 38.96% |
| Net Interest Margin (%) | ▼ | 5.66% | -0.29 | 5.96% |
| Efficiency Ratio (%) | ▲ | 44.06% | -2.42 | 46.48% |
| Pre-Provision Profit ($M) | ▲ | $21 | +0.77 | $20 |
| Cost of Funds (%) | ▼ | 0.25% | +0.02 | 0.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,683 | +87.93 | $1,595 |
| Gross Loans ($M) | ▲ | $426 | +32.92 | $393 |
| Loan Growth YoY (%) | ▲ | 29.01% | +0.86 | 28.14% |
| Total Deposits ($M) | ▲ | $1,451 | +74.01 | $1,377 |
| Shareholders Equity ($M) | ▲ | $224 | +17.04 | $207 |
| Tang. Book Value ($M) | ▲ | $224 | +17.04 | $207 |
| TBV excl. AOCI ($M)** | ▲ | $242 | +17.97 | $224 |
| Loan / Deposit Ratio (%) | ▲ | 29.01% | +0.86 | 28.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.27% | -0.21% | 1.48% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.08 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 31.32% | -0.92 | 32.24% |
Noninterest income ($15.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄████▇ | Net Interest Margin (%) | 4.27% | 4.74% | 4.99% | 5.96% | 5.88% | 5.89% | 5.94% | 5.66% |
| ▁▄▆▆▇██▇ | Return on Assets (%) | 4.38% | 4.76% | 5.03% | 5.01% | 5.14% | 5.18% | 5.25% | 5.05% |
| ▁▁▁████▇ | Efficiency Ratio (%) | 36.3% | 36.5% | 37.1% | 46.5% | 46.2% | 45.7% | 46.1% | 44.1% |
| ▁█▅▃▅▅▇▄ | Cost of Funds (%) | 0.20% | 0.30% | 0.25% | 0.23% | 0.26% | 0.25% | 0.28% | 0.25% |
| ▆█▆▆▁▁▁▁ | NPA / Assets (%) | 0.02% | 0.04% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
| ██▆▆▁▁▁▁ | Net Charge-Off Ratio (%) | 0.13% | 0.14% | 0.09% | 0.10% | 0.00% | 0.01% | 0.00% | 0.01% |
| ▁▃▄▅▆▇██ | Tang. Book Value ($M) | $184 | $194 | $201 | $207 | $209 | $215 | $221 | $224 |
| ▁▂▃▁▁▂█▇ | Gross Loans ($M) | $390 | $399 | $403 | $393 | $392 | $401 | $437 | $426 |
| █▁▁▁▁▂▁▂ | Total Deposits ($M) | $1,966 | $1,320 | $1,364 | $1,377 | $1,392 | $1,430 | $1,353 | $1,451 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 18% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 74% |
| Interest-Bearing (core) | 1% |
| Brokered / Other | 25% |