Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.36% | -0.36 | 0.72% |
| Return on Equity (%) | ▼ | 3.71% | -3.75 | 7.46% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.22 | 3.98% |
| Efficiency Ratio (%) | ▼ | 86.85% | +10.22 | 76.63% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.22 | $1 |
| Cost of Funds (%) | ▲ | 1.97% | -0.10 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $263 | +23.04 | $240 |
| Gross Loans ($M) | ▲ | $213 | +17.23 | $196 |
| Loan Growth YoY (%) | ▼ | 95.24% | -0.84 | 96.09% |
| Total Deposits ($M) | ▲ | $222 | +19.40 | $202 |
| Shareholders Equity ($M) | ▲ | $26 | +2.00 | $24 |
| Tang. Book Value ($M) | ▲ | $22 | +2.17 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +2.39 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 95.24% | -0.84 | 96.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.41% | -0.14 | 1.55% |
| Allowance / Loans (%) | — | 0.97% | 0.15% | 0.82% |
| Net Charge-Off Ratio (%) | ▲ | 1.74% | -0.16 | 1.90% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.28% | +0.07 | 10.21% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆██ | Net Interest Margin (%) | 3.68% | 3.71% | 3.76% | 3.98% | 4.07% | 4.07% | 4.24% | 4.21% |
| ▆▅▆██▇▆▁ | Return on Assets (%) | 0.65% | 0.59% | 0.61% | 0.72% | 0.76% | 0.68% | 0.64% | 0.36% |
| ▃▃▃▂▁▂▁█ | Efficiency Ratio (%) | 78.0% | 79.4% | 78.7% | 76.6% | 74.9% | 77.5% | 75.5% | 86.8% |
| ███▃▄▃▂▁ | Cost of Funds (%) | 2.32% | 2.29% | 2.32% | 2.07% | 2.11% | 2.08% | 2.02% | 1.97% |
| ▃█▇█▆▆▁▃ | NPA / Assets (%) | 1.39% | 1.54% | 1.51% | 1.55% | 1.47% | 1.48% | 1.33% | 1.41% |
| ▁▇██▆█▂▃ | Net Charge-Off Ratio (%) | 1.66% | 1.86% | 1.90% | 1.90% | 1.83% | 1.89% | 1.69% | 1.74% |
| ▁▂▂▃▄███ | Tang. Book Value ($M) | $18 | $19 | $19 | $19 | $20 | $21 | $22 | $22 |
| ▁▃▁▁▂▃▅█ | Gross Loans ($M) | $194 | $201 | $194 | $196 | $198 | $199 | $205 | $213 |
| ▁▄▅▄▆▇██ | Total Deposits ($M) | $188 | $203 | $209 | $202 | $210 | $217 | $220 | $222 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 10% |
| Agricultural | 8% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 23% |