Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.98% | -0.06 | 1.04% |
| Return on Equity (%) | ▼ | 8.85% | -1.41 | 10.26% |
| Net Interest Margin (%) | ▲ | 3.30% | +0.23 | 3.06% |
| Efficiency Ratio (%) | ▼ | 61.00% | +4.69 | 56.31% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.03 | $1 |
| Cost of Funds (%) | ▲ | 1.87% | -0.21 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $255 | +6.14 | $249 |
| Gross Loans ($M) | ▲ | $187 | +18.57 | $169 |
| Loan Growth YoY (%) | ▲ | 82.30% | +7.08 | 75.22% |
| Total Deposits ($M) | ▲ | $225 | +3.09 | $222 |
| Shareholders Equity ($M) | ▲ | $28 | +2.51 | $26 |
| Tang. Book Value ($M) | ▲ | $28 | +2.51 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +1.51 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 82.30% | +7.08 | 75.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.58% | +0.58 | 1.00% |
| Allowance / Loans (%) | — | 1.00% | 0.06% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 1.95% | +0.48 | 1.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇██ | Net Interest Margin (%) | 2.50% | 2.55% | 2.66% | 3.06% | 3.11% | 3.17% | 3.28% | 3.30% |
| ▁▁▁█▇▇▇▇ | Return on Assets (%) | 0.60% | 0.60% | 0.64% | 1.04% | 0.94% | 0.96% | 0.97% | 0.98% |
| ███▁▂▂▁▄ | Efficiency Ratio (%) | 66.9% | 67.9% | 66.5% | 56.3% | 57.2% | 57.1% | 55.5% | 61.0% |
| ▇██▄▃▃▃▁ | Cost of Funds (%) | 2.23% | 2.31% | 2.32% | 2.08% | 2.02% | 2.02% | 2.00% | 1.87% |
| ▂▅▁▃▄▇▃█ | NPA / Assets (%) | 0.90% | 1.25% | 0.74% | 1.00% | 1.11% | 1.44% | 0.96% | 1.58% |
| ▃█▁▄▅█▁█ | Net Charge-Off Ratio (%) | 1.39% | 1.86% | 1.07% | 1.47% | 1.60% | 1.87% | 1.17% | 1.95% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $24 | $25 | $25 | $26 | $26 | $27 | $28 | $28 |
| ▁▂▂▂▄▅▇█ | Gross Loans ($M) | $164 | $169 | $169 | $169 | $173 | $178 | $182 | $187 |
| █▄▄▄▃▁▂▇ | Total Deposits ($M) | $227 | $223 | $222 | $222 | $221 | $218 | $220 | $225 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 16% |
| Agricultural | 22% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 12% |