Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.76% | -0.24 | 0.99% |
| Return on Equity (%) | ▼ | 7.84% | -4.13 | 11.97% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.21 | 3.23% |
| Efficiency Ratio (%) | ▼ | 63.30% | +1.77 | 61.54% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.01 | $2 |
| Cost of Funds (%) | ▲ | 2.17% | -0.11 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $497 | -8.40 | $505 |
| Gross Loans ($M) | ▼ | $365 | -19.82 | $385 |
| Loan Growth YoY (%) | ▼ | 102.67% | -8.53 | 111.20% |
| Total Deposits ($M) | ▲ | $352 | +8.92 | $343 |
| Shareholders Equity ($M) | ▲ | $48 | +5.62 | $43 |
| Tang. Book Value ($M) | ▲ | $48 | +5.65 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +5.33 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 102.67% | -8.53 | 111.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.61% | +0.27 | 1.34% |
| Allowance / Loans (%) | — | 1.15% | 0.13% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.71% | -1.05 | 1.76% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.07% | +1.03 | 14.04% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▇███ | Net Interest Margin (%) | 2.57% | 2.66% | 2.75% | 3.23% | 3.27% | 3.37% | 3.41% | 3.44% |
| ▁▁▂█▂▆█▄ | Return on Assets (%) | 0.58% | 0.61% | 0.67% | 0.99% | 0.66% | 0.89% | 0.95% | 0.76% |
| █▇▆▂▁▁▁▃ | Efficiency Ratio (%) | 73.4% | 71.6% | 68.9% | 61.5% | 59.3% | 59.2% | 60.5% | 63.3% |
| ▂▇█▃▄▆▃▁ | Cost of Funds (%) | 2.23% | 2.48% | 2.54% | 2.28% | 2.34% | 2.40% | 2.27% | 2.17% |
| ▁▄▅▄██▇█ | NPA / Assets (%) | 1.04% | 1.33% | 1.39% | 1.34% | 1.64% | 1.65% | 1.54% | 1.61% |
| ▅███▅▅▆▁ | Net Charge-Off Ratio (%) | 1.39% | 1.78% | 1.82% | 1.76% | 1.32% | 1.29% | 1.53% | 0.71% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $39 | $43 | $40 | $43 | $43 | $46 | $48 | $48 |
| ▃▆▆█▆▃▁▂ | Gross Loans ($M) | $368 | $378 | $377 | $385 | $378 | $368 | $361 | $365 |
| █▇▄▆▄▁██ | Total Deposits ($M) | $348 | $344 | $334 | $343 | $334 | $320 | $348 | $352 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Agricultural | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 14% |