Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.36% | -0.37 | 0.73% |
| Return on Equity (%) | ▼ | 4.45% | -5.95 | 10.40% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.23 | 3.73% |
| Efficiency Ratio (%) | ▼ | 88.55% | +14.06 | 74.49% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.18 | $0 |
| Cost of Funds (%) | ▲ | 1.51% | -0.05 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $145 | +1.27 | $144 |
| Gross Loans ($M) | ▲ | $85 | +1.75 | $83 |
| Loan Growth YoY (%) | ▲ | 67.66% | +1.44 | 66.22% |
| Total Deposits ($M) | ▼ | $124 | -0.09 | $124 |
| Shareholders Equity ($M) | ▲ | $12 | +1.41 | $10 |
| Tang. Book Value ($M) | ▲ | $12 | +1.41 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +1.06 | $12 |
| Loan / Deposit Ratio (%) | ▲ | 67.66% | +1.44 | 66.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.35 | 0.40% |
| Allowance / Loans (%) | — | 1.44% | 0.00% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.60 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▆▁▄▂▁▇ | Net Interest Margin (%) | 4.02% | 3.91% | 3.92% | 3.73% | 3.83% | 3.76% | 3.72% | 3.96% |
| █▇███▇▇▁ | Return on Assets (%) | 0.75% | 0.69% | 0.74% | 0.73% | 0.76% | 0.69% | 0.67% | 0.36% |
| ▁▂▁▂▁▂▃█ | Efficiency Ratio (%) | 72.5% | 74.0% | 72.8% | 74.5% | 70.8% | 73.9% | 75.9% | 88.6% |
| ▁▄▄▅███▄ | Cost of Funds (%) | 1.15% | 1.48% | 1.45% | 1.56% | 1.81% | 1.87% | 1.78% | 1.51% |
| ██▇▃▃▃▁▁ | NPA / Assets (%) | 1.02% | 0.95% | 0.79% | 0.40% | 0.39% | 0.37% | 0.16% | 0.05% |
| ██▆▃▃▃▁▁ | Net Charge-Off Ratio (%) | 1.81% | 1.68% | 1.35% | 0.69% | 0.67% | 0.69% | 0.29% | 0.09% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $9 | $10 | $10 | $10 | $10 | $11 | $12 | $12 |
| ▁▃▆▇█▅▃█ | Gross Loans ($M) | $76 | $79 | $83 | $83 | $85 | $81 | $78 | $85 |
| ▁▄▃▅▅█▅▅ | Total Deposits ($M) | $118 | $122 | $121 | $124 | $124 | $127 | $124 | $124 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 14% |
| Agricultural | 17% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 9% |