Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.74% | -0.11 | 1.86% |
| Return on Equity (%) | ▼ | 25.44% | -6.80 | 32.24% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.01 | 3.44% |
| Efficiency Ratio (%) | ▼ | 47.55% | +3.22 | 44.33% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.13 | $2 |
| Cost of Funds (%) | ▲ | 1.70% | -0.47 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $503 | +2.60 | $501 |
| Gross Loans ($M) | ▼ | $316 | -18.59 | $335 |
| Loan Growth YoY (%) | ▼ | 70.52% | -5.61 | 76.13% |
| Total Deposits ($M) | ▲ | $443 | +9.51 | $434 |
| Shareholders Equity ($M) | ▲ | $35 | +5.27 | $29 |
| Tang. Book Value ($M) | ▲ | $35 | +5.27 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +6.15 | $35 |
| Loan / Deposit Ratio (%) | ▼ | 70.52% | -5.61 | 76.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.63% | -0.73 | 1.37% |
| Allowance / Loans (%) | — | 1.07% | -0.23% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 1.01% | -1.04 | 2.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▇█▃▁▁▁▃ | Net Interest Margin (%) | 3.45% | 3.53% | 3.56% | 3.44% | 3.39% | 3.39% | 3.39% | 3.45% |
| ▂███▄▆▁▄ | Return on Assets (%) | 1.70% | 1.87% | 1.85% | 1.86% | 1.75% | 1.80% | 1.64% | 1.74% |
| ▂▁▃▄▇▅▆█ | Efficiency Ratio (%) | 42.4% | 41.2% | 43.1% | 44.3% | 46.6% | 44.8% | 45.9% | 47.5% |
| ██▆▆▅▄▂▁ | Cost of Funds (%) | 2.34% | 2.43% | 2.16% | 2.16% | 2.12% | 2.05% | 1.81% | 1.70% |
| ▁▁▁███▄▄ | NPA / Assets (%) | 0.00% | 0.03% | 0.01% | 1.37% | 1.22% | 1.21% | 0.63% | 0.63% |
| ▁▁▁█▁▁▅▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 2.04% | 0.01% | 0.01% | 1.04% | 1.01% |
| ▁▅▄▄▄▇██ | Tang. Book Value ($M) | $25 | $31 | $29 | $29 | $29 | $34 | $36 | $35 |
| ▅█▅▆▃▃▁▁ | Gross Loans ($M) | $330 | $343 | $331 | $335 | $321 | $323 | $314 | $316 |
| ▂▂▆▁▁▁█▄ | Total Deposits ($M) | $438 | $436 | $451 | $434 | $431 | $431 | $463 | $443 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 59% |
| C&I / Commercial | 12% |
| Agricultural | 15% |
| Other | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 17% |