Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.92% | -0.40 | 2.32% |
| Return on Equity (%) | ▼ | 18.82% | -6.95 | 25.77% |
| Net Interest Margin (%) | ▲ | 4.25% | +0.12 | 4.12% |
| Efficiency Ratio (%) | ▲ | 55.12% | -2.16 | 57.28% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▲ | 1.56% | -0.01 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $249 | +7.62 | $241 |
| Gross Loans ($M) | ▲ | $168 | +0.07 | $168 |
| Loan Growth YoY (%) | ▼ | 75.17% | -1.44 | 76.61% |
| Total Deposits ($M) | ▲ | $222 | +4.04 | $218 |
| Shareholders Equity ($M) | ▲ | $25 | +3.21 | $22 |
| Tang. Book Value ($M) | ▲ | $25 | +3.21 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +3.14 | $25 |
| Loan / Deposit Ratio (%) | ▼ | 75.17% | -1.44 | 76.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.94% | -0.08 | 1.02% |
| Allowance / Loans (%) | — | 0.97% | 0.10% | 0.87% |
| Net Charge-Off Ratio (%) | ▲ | 0.99% | -0.47 | 1.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▅███ | Net Interest Margin (%) | 4.08% | 4.09% | 4.11% | 4.12% | 4.18% | 4.25% | 4.27% | 4.25% |
| ▁▁▁▆▃█▆▃ | Return on Assets (%) | 1.67% | 1.73% | 1.75% | 2.32% | 1.98% | 2.56% | 2.26% | 1.92% |
| ▆▇▆▅█▁▂▃ | Efficiency Ratio (%) | 57.5% | 58.6% | 57.9% | 57.3% | 60.1% | 52.5% | 54.1% | 55.1% |
| ▁▅▇▁▄██▁ | Cost of Funds (%) | 1.57% | 1.67% | 1.74% | 1.58% | 1.65% | 1.76% | 1.75% | 1.56% |
| ▃▁▃▇███▆ | NPA / Assets (%) | 0.50% | 0.21% | 0.57% | 1.02% | 1.25% | 1.22% | 1.19% | 0.94% |
| ▃▁▃▇██▆▄ | Net Charge-Off Ratio (%) | 0.73% | 0.29% | 0.80% | 1.46% | 1.75% | 1.75% | 1.31% | 0.99% |
| ▁▄▁▄▄▇▇█ | Tang. Book Value ($M) | $20 | $22 | $20 | $22 | $22 | $25 | $25 | $25 |
| ▁▃▄▆███▆ | Gross Loans ($M) | $157 | $163 | $165 | $168 | $175 | $174 | $175 | $168 |
| ▁▁▂▆██▅█ | Total Deposits ($M) | $206 | $206 | $209 | $218 | $222 | $223 | $217 | $222 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 17% |
| Agricultural | 2% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 10% |