Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.86% | -0.19 | 1.06% |
| Return on Equity (%) | ▼ | 8.01% | -3.12 | 11.13% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.19 | 3.30% |
| Efficiency Ratio (%) | ▼ | 68.97% | +4.25 | 64.71% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.03 | $2 |
| Cost of Funds (%) | — | 1.80% | 0.00 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $723 | +50.91 | $672 |
| Gross Loans ($M) | ▲ | $521 | +44.46 | $477 |
| Loan Growth YoY (%) | ▲ | 81.44% | +2.31 | 79.13% |
| Total Deposits ($M) | ▲ | $632 | +37.90 | $594 |
| Shareholders Equity ($M) | ▲ | $78 | +7.43 | $71 |
| Tang. Book Value ($M) | ▲ | $70 | +7.73 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +7.65 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 81.44% | +2.31 | 79.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -1.11 | 1.23% |
| Allowance / Loans (%) | — | 1.21% | -0.14% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -1.56 | 1.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -13.75 | 13.75% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▇███ | Net Interest Margin (%) | 3.21% | 3.22% | 3.24% | 3.30% | 3.46% | 3.48% | 3.49% | 3.50% |
| ▃▂▂▃██▇▁ | Return on Assets (%) | 1.01% | 0.95% | 1.00% | 1.06% | 1.42% | 1.36% | 1.34% | 0.86% |
| ▃▄▃▄▁▁▁█ | Efficiency Ratio (%) | 64.4% | 64.9% | 64.6% | 64.7% | 62.0% | 62.2% | 62.1% | 69.0% |
| ▃█▆▂▁▅▄▂ | Cost of Funds (%) | 1.83% | 2.01% | 1.94% | 1.80% | 1.73% | 1.89% | 1.85% | 1.80% |
| ████▁▁▁▁ | NPA / Assets (%) | 1.18% | 1.20% | 1.19% | 1.23% | 0.20% | 0.13% | 0.13% | 0.13% |
| ████▁▁▁▁ | Net Charge-Off Ratio (%) | 1.69% | 1.72% | 1.70% | 1.74% | 0.27% | 0.18% | 0.19% | 0.18% |
| ▁▂▁▆▇███ | Tang. Book Value ($M) | $46 | $50 | $48 | $62 | $65 | $68 | $69 | $70 |
| ▁▂▃▄▆▇██ | Gross Loans ($M) | $441 | $456 | $470 | $477 | $493 | $503 | $514 | $521 |
| ▁▂▆▅▃▃▆█ | Total Deposits ($M) | $554 | $573 | $606 | $594 | $581 | $583 | $610 | $632 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 13% |
| Agricultural | 22% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 15% |