Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.65% | -1.25 | 1.91% |
| Return on Equity (%) | ▼ | 4.49% | -8.69 | 13.18% |
| Net Interest Margin (%) | ▼ | 4.16% | -0.10 | 4.26% |
| Efficiency Ratio (%) | ▼ | 84.54% | +25.88 | 58.65% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.94 | $2 |
| Cost of Funds (%) | ▲ | 1.30% | -0.03 | 1.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $358 | +23.53 | $335 |
| Gross Loans ($M) | ▲ | $249 | +11.63 | $237 |
| Loan Growth YoY (%) | ▼ | 80.78% | -1.92 | 82.70% |
| Total Deposits ($M) | ▲ | $305 | +21.01 | $284 |
| Shareholders Equity ($M) | ▲ | $51 | +2.33 | $49 |
| Tang. Book Value ($M) | ▲ | $51 | +2.33 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +2.29 | $51 |
| Loan / Deposit Ratio (%) | ▼ | 80.78% | -1.92 | 82.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.74% | +0.37 | 0.37% |
| Allowance / Loans (%) | — | 0.92% | -0.00% | 0.92% |
| Net Charge-Off Ratio (%) | ▼ | 0.87% | +0.35 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.86% | -0.50 | 19.36% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▅▄▆██▁ | Net Interest Margin (%) | 4.36% | 4.34% | 4.30% | 4.26% | 4.34% | 4.41% | 4.41% | 4.16% |
| ███████▁ | Return on Assets (%) | 1.92% | 1.91% | 1.82% | 1.91% | 1.96% | 1.92% | 1.91% | 0.65% |
| ▁▁▁▁▁▁▁█ | Efficiency Ratio (%) | 55.7% | 56.4% | 57.8% | 58.7% | 57.3% | 55.7% | 56.6% | 84.5% |
| ▁▄█▆▅▅▇▄ | Cost of Funds (%) | 1.25% | 1.31% | 1.38% | 1.33% | 1.32% | 1.32% | 1.37% | 1.30% |
| ▁▁▃▃█▃▂▆ | NPA / Assets (%) | 0.16% | 0.06% | 0.39% | 0.37% | 1.11% | 0.37% | 0.27% | 0.74% |
| ▂▁▃▃█▃▁▅ | Net Charge-Off Ratio (%) | 0.21% | 0.09% | 0.51% | 0.52% | 1.50% | 0.48% | 0.03% | 0.87% |
| ▁▃▃▅▆███ | Tang. Book Value ($M) | $45 | $47 | $47 | $49 | $49 | $51 | $51 | $51 |
| ▁▂▅▂▅▇█▆ | Gross Loans ($M) | $232 | $236 | $246 | $237 | $244 | $251 | $256 | $249 |
| ▁▁▂▄▃▁▅█ | Total Deposits ($M) | $270 | $270 | $276 | $284 | $280 | $271 | $288 | $305 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 3% |
| Agricultural | 13% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 74% |
| Interest-Bearing (core) | 19% |
| Brokered / Other | 7% |