Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.35 | 0.76% |
| Return on Equity (%) | ▲ | 7.97% | +1.82 | 6.15% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.60 | 2.48% |
| Efficiency Ratio (%) | ▲ | 54.46% | -11.01 | 65.47% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $0 |
| Cost of Funds (%) | ▲ | 1.81% | -0.10 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $171 | +4.23 | $167 |
| Gross Loans ($M) | ▼ | $107 | -1.79 | $109 |
| Loan Growth YoY (%) | ▲ | 85.33% | +0.34 | 85.00% |
| Total Deposits ($M) | ▼ | $124 | -2.74 | $127 |
| Shareholders Equity ($M) | ▲ | $24 | +2.91 | $21 |
| Tang. Book Value ($M) | ▲ | $20 | +2.91 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +3.07 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 85.33% | +0.34 | 85.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.20% | -0.19 | 1.39% |
| Allowance / Loans (%) | — | 1.07% | 0.14% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 1.92% | -0.21 | 2.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▃▁▂▃▄█ | Net Interest Margin (%) | 2.60% | 2.55% | 2.65% | 2.48% | 2.62% | 2.66% | 2.71% | 3.08% |
| ▅▄▅▁▆▇▇█ | Return on Assets (%) | 0.96% | 0.90% | 0.95% | 0.76% | 0.99% | 1.04% | 1.04% | 1.11% |
| ▄▆▅█▄▃▄▁ | Efficiency Ratio (%) | 59.7% | 61.4% | 61.2% | 65.5% | 58.9% | 57.7% | 58.6% | 54.5% |
| ▄█▅▃▂▂▃▁ | Cost of Funds (%) | 1.97% | 2.19% | 2.01% | 1.91% | 1.86% | 1.89% | 1.93% | 1.81% |
| ▁▁▁██▇▇▇ | NPA / Assets (%) | 0.12% | 0.12% | 0.06% | 1.39% | 1.48% | 1.24% | 1.22% | 1.20% |
| ▁▁▁██▇▇▇ | Net Charge-Off Ratio (%) | 0.18% | 0.18% | 0.09% | 2.13% | 2.36% | 1.95% | 1.94% | 1.92% |
| ▁▄▂▃▅███ | Tang. Book Value ($M) | $15 | $17 | $16 | $17 | $18 | $19 | $19 | $20 |
| ▇█▄▄▁▃▄▁ | Gross Loans ($M) | $110 | $111 | $109 | $109 | $107 | $108 | $108 | $107 |
| ▁▁▃▇█▅▁▁ | Total Deposits ($M) | $123 | $123 | $125 | $127 | $128 | $126 | $123 | $124 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 5% |
| Agricultural | 13% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 31% |