Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.58% | -0.36 | 1.94% |
| Return on Equity (%) | ▼ | 15.75% | -5.97 | 21.72% |
| Net Interest Margin (%) | ▼ | 4.27% | -0.06 | 4.33% |
| Efficiency Ratio (%) | ▼ | 59.25% | +0.96 | 58.28% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.01 | $1 |
| Cost of Funds (%) | ▲ | 1.43% | -0.21 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $261 | +11.61 | $249 |
| Gross Loans ($M) | ▲ | $150 | +3.42 | $147 |
| Loan Growth YoY (%) | ▼ | 63.67% | -0.54 | 64.21% |
| Total Deposits ($M) | ▲ | $234 | +8.51 | $226 |
| Shareholders Equity ($M) | ▲ | $26 | +3.28 | $22 |
| Tang. Book Value ($M) | ▲ | $25 | +3.35 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +3.57 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 63.67% | -0.54 | 64.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.35 | 0.08% |
| Allowance / Loans (%) | — | 0.69% | -0.55% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.75% | +0.61 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▃▆█▇▁ | Net Interest Margin (%) | 4.38% | 4.43% | 4.42% | 4.33% | 4.38% | 4.43% | 4.41% | 4.27% |
| ▇██▇▆█▅▁ | Return on Assets (%) | 1.98% | 2.05% | 2.00% | 1.94% | 1.90% | 1.99% | 1.83% | 1.58% |
| ▆▃▇▂█▁▇▆ | Efficiency Ratio (%) | 59.1% | 58.4% | 59.4% | 58.3% | 59.9% | 57.8% | 59.5% | 59.2% |
| ▅█▇▇█▅▃▁ | Cost of Funds (%) | 1.56% | 1.67% | 1.61% | 1.64% | 1.65% | 1.57% | 1.51% | 1.43% |
| ▁▁▁▁███▄ | NPA / Assets (%) | 0.14% | 0.11% | 0.10% | 0.08% | 0.90% | 0.94% | 0.95% | 0.43% |
| ▁▁▁▁███▄ | Net Charge-Off Ratio (%) | 0.22% | 0.18% | 0.17% | 0.14% | 1.51% | 1.55% | 1.58% | 0.75% |
| ▁▃▃▄▃▆██ | Tang. Book Value ($M) | $19 | $21 | $21 | $22 | $21 | $23 | $25 | $25 |
| ▃▁▅▆▄▆▇█ | Gross Loans ($M) | $141 | $137 | $144 | $147 | $143 | $145 | $148 | $150 |
| ▁▁▃▆▄▄▅█ | Total Deposits ($M) | $204 | $206 | $214 | $226 | $217 | $216 | $219 | $234 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 7% |
| Agricultural | 27% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |