Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.30% | +0.27 | 2.03% |
| Return on Equity (%) | ▼ | 22.03% | -0.29 | 22.32% |
| Net Interest Margin (%) | ▼ | 4.43% | -0.15 | 4.58% |
| Efficiency Ratio (%) | ▲ | 49.48% | -4.24 | 53.72% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $1 |
| Cost of Funds (%) | ▼ | 1.41% | +0.01 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $197 | +16.84 | $180 |
| Gross Loans ($M) | ▲ | $131 | +9.22 | $121 |
| Loan Growth YoY (%) | ▼ | 73.26% | -1.20 | 74.46% |
| Total Deposits ($M) | ▲ | $176 | +14.62 | $161 |
| Shareholders Equity ($M) | ▲ | $20 | +3.46 | $17 |
| Tang. Book Value ($M) | ▲ | $20 | +3.46 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +3.16 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 73.26% | -1.20 | 74.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.01% | +1.82 | 0.19% |
| Allowance / Loans (%) | — | 1.52% | 0.24% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 2.85% | +2.57 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.62% | +0.81 | 20.81% |
Noninterest income ($0.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▇███▄ | Net Interest Margin (%) | 4.27% | 4.22% | 4.27% | 4.58% | 4.67% | 4.66% | 4.69% | 4.43% |
| ▃▁▂▃█▄▃█ | Return on Assets (%) | 2.04% | 1.91% | 1.97% | 2.03% | 2.32% | 2.08% | 2.07% | 2.30% |
| ▇█▇█▁▂▁▁ | Efficiency Ratio (%) | 53.1% | 54.1% | 53.1% | 53.7% | 49.1% | 49.9% | 49.3% | 49.5% |
| ▁█▇▂▃▆▅▃ | Cost of Funds (%) | 1.36% | 1.50% | 1.48% | 1.40% | 1.41% | 1.46% | 1.45% | 1.41% |
| ▁▁▂▁▁███ | NPA / Assets (%) | 0.04% | 0.06% | 0.44% | 0.19% | 0.17% | 1.81% | 1.87% | 2.01% |
| ▁▁▂▁▁███ | Net Charge-Off Ratio (%) | 0.02% | 0.09% | 0.65% | 0.28% | 0.25% | 2.67% | 2.72% | 2.85% |
| ▁▄▁▃▅▇██ | Tang. Book Value ($M) | $15 | $17 | $16 | $17 | $18 | $20 | $20 | $20 |
| ▁▂▄▄▆▇██ | Gross Loans ($M) | $114 | $116 | $120 | $121 | $125 | $127 | $130 | $131 |
| ▁▁▂▃▅▅▆█ | Total Deposits ($M) | $154 | $153 | $156 | $161 | $164 | $167 | $168 | $176 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 12% |
| Agricultural | 20% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |