Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.43% | -0.43 | 1.86% |
| Return on Equity (%) | ▼ | 13.56% | -5.21 | 18.77% |
| Net Interest Margin (%) | ▼ | 4.18% | -0.29 | 4.47% |
| Efficiency Ratio (%) | ▼ | 61.98% | +4.89 | 57.10% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.22 | $2 |
| Cost of Funds (%) | ▲ | 1.40% | -0.14 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $344 | +28.81 | $315 |
| Gross Loans ($M) | ▼ | $208 | -16.12 | $224 |
| Loan Growth YoY (%) | ▼ | 66.88% | -11.64 | 78.52% |
| Total Deposits ($M) | ▲ | $307 | +25.24 | $282 |
| Shareholders Equity ($M) | ▲ | $36 | +3.53 | $32 |
| Tang. Book Value ($M) | ▲ | $36 | +3.53 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +3.79 | $35 |
| Loan / Deposit Ratio (%) | ▼ | 66.88% | -11.64 | 78.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.60% | -0.27 | 1.87% |
| Allowance / Loans (%) | — | 1.13% | 0.00% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 2.41% | -0.07 | 2.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▅███▁ | Net Interest Margin (%) | 4.65% | 4.66% | 4.68% | 4.47% | 4.65% | 4.71% | 4.67% | 4.18% |
| ██▆▅▅▇▅▁ | Return on Assets (%) | 2.16% | 2.20% | 1.96% | 1.86% | 1.88% | 2.01% | 1.86% | 1.43% |
| ▁▁▄▃▁▁▅█ | Efficiency Ratio (%) | 55.6% | 54.8% | 58.0% | 57.1% | 55.5% | 55.1% | 59.0% | 62.0% |
| ▃█▇▄▄▃▄▁ | Cost of Funds (%) | 1.51% | 1.73% | 1.68% | 1.54% | 1.54% | 1.51% | 1.54% | 1.40% |
| ▂▁▆█▆▇█▇ | NPA / Assets (%) | 0.86% | 0.70% | 1.44% | 1.87% | 1.50% | 1.67% | 1.83% | 1.60% |
| ▂▁▆█▅▇██ | Net Charge-Off Ratio (%) | 1.13% | 0.90% | 1.92% | 2.48% | 1.77% | 2.18% | 2.40% | 2.41% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $30 | $32 | $31 | $32 | $33 | $35 | $35 | $36 |
| ▆██▅▇▆▂▁ | Gross Loans ($M) | $229 | $237 | $234 | $224 | $231 | $226 | $214 | $208 |
| ▁▃▄▃▂▄▅█ | Total Deposits ($M) | $272 | $282 | $286 | $282 | $279 | $286 | $292 | $307 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 12% |
| Agricultural | 7% |
| Consumer | 8% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 10% |