Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.98% | -0.17 | 1.15% |
| Return on Equity (%) | ▼ | 8.58% | -1.31 | 9.89% |
| Net Interest Margin (%) | ▼ | 3.46% | -0.02 | 3.48% |
| Efficiency Ratio (%) | ▼ | 68.00% | +0.51 | 67.49% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.08 | $1 |
| Cost of Funds (%) | ▼ | 1.19% | +0.10 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $246 | +25.40 | $221 |
| Gross Loans ($M) | ▲ | $127 | +5.06 | $122 |
| Loan Growth YoY (%) | ▼ | 57.69% | -4.31 | 62.00% |
| Total Deposits ($M) | ▲ | $216 | +23.22 | $193 |
| Shareholders Equity ($M) | ▲ | $28 | +2.25 | $25 |
| Tang. Book Value ($M) | ▲ | $27 | +2.23 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +2.64 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 57.69% | -4.31 | 62.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.01 | 0.13% |
| Allowance / Loans (%) | — | 1.39% | -0.06% | 1.45% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -0.10 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▄▄▄▁ | Net Interest Margin (%) | 3.72% | 3.70% | 3.73% | 3.48% | 3.58% | 3.57% | 3.58% | 3.46% |
| ▇▆█▆▇▆█▁ | Return on Assets (%) | 1.20% | 1.18% | 1.22% | 1.15% | 1.20% | 1.17% | 1.25% | 0.98% |
| ▆█▇▃▁█▁▅ | Efficiency Ratio (%) | 68.2% | 68.7% | 68.3% | 67.5% | 67.0% | 68.6% | 67.1% | 68.0% |
| ▁▂▄▅███▇ | Cost of Funds (%) | 0.89% | 0.97% | 1.06% | 1.09% | 1.24% | 1.24% | 1.25% | 1.19% |
| ▇█▁▁▁▁▆▁ | NPA / Assets (%) | 0.28% | 0.32% | 0.12% | 0.13% | 0.15% | 0.13% | 0.27% | 0.12% |
| ▇█▂▂▃▁▆▁ | Net Charge-Off Ratio (%) | 0.48% | 0.56% | 0.21% | 0.24% | 0.26% | 0.14% | 0.44% | 0.14% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $24 | $26 | $24 | $25 | $26 | $27 | $28 | $27 |
| ▁▄▄▅▅▅▃█ | Gross Loans ($M) | $116 | $121 | $121 | $122 | $122 | $122 | $119 | $127 |
| ▁▂▂▄▄▇██ | Total Deposits ($M) | $175 | $182 | $182 | $193 | $193 | $206 | $212 | $216 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 10% |