Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.86% | -0.12 | 0.98% |
| Return on Equity (%) | ▼ | 10.78% | -4.06 | 14.84% |
| Net Interest Margin (%) | ▼ | 3.17% | -0.06 | 3.23% |
| Efficiency Ratio (%) | ▲ | 66.03% | -1.75 | 67.79% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.33 | $1 |
| Cost of Funds (%) | ▲ | 1.15% | -0.54 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $356 | +123.26 | $233 |
| Gross Loans ($M) | ▲ | $230 | +71.04 | $159 |
| Loan Growth YoY (%) | ▼ | 69.82% | -3.27 | 73.09% |
| Total Deposits ($M) | ▲ | $326 | +110.89 | $215 |
| Shareholders Equity ($M) | ▲ | $28 | +12.27 | $16 |
| Tang. Book Value ($M) | ▲ | $26 | +9.57 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +11.50 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 69.82% | -3.27 | 73.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.20% | +0.56 | 0.64% |
| Allowance / Loans (%) | — | 1.17% | -0.11% | 1.28% |
| Net Charge-Off Ratio (%) | ▲ | 0.85% | -0.09 | 0.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.82% | +1.20 | 12.62% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆██▃ | Net Interest Margin (%) | 2.98% | 3.04% | 3.09% | 3.23% | 3.37% | 3.52% | 3.59% | 3.17% |
| ▁▂▃▇▆██▅ | Return on Assets (%) | 0.51% | 0.64% | 0.69% | 0.98% | 0.90% | 1.08% | 1.11% | 0.86% |
| █▇▆▃▂▁▁▂ | Efficiency Ratio (%) | 74.5% | 72.9% | 71.7% | 67.8% | 65.6% | 63.8% | 64.0% | 66.0% |
| ██▆▆▅▄▃▁ | Cost of Funds (%) | 1.91% | 1.86% | 1.72% | 1.69% | 1.58% | 1.50% | 1.43% | 1.15% |
| ▁▁▁▁▁██▇ | NPA / Assets (%) | 0.59% | 0.65% | 0.65% | 0.64% | 0.65% | 1.39% | 1.39% | 1.20% |
| ▁▂▂▂▂██▁ | Net Charge-Off Ratio (%) | 0.89% | 0.97% | 0.95% | 0.94% | 0.94% | 1.40% | 1.39% | 0.85% |
| ▁▁▁▂▂▃▃█ | Tang. Book Value ($M) | $14 | $15 | $15 | $16 | $17 | $17 | $18 | $26 |
| ▁▁▁▁▁▁▁█ | Gross Loans ($M) | $150 | $153 | $159 | $159 | $158 | $155 | $159 | $230 |
| ▁▁▁▁▁▁▁█ | Total Deposits ($M) | $210 | $211 | $218 | $215 | $213 | $213 | $215 | $326 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 11% |
| Agricultural | 10% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 4% |