Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.06 | 0.98% |
| Return on Equity (%) | ▼ | 7.85% | -0.66 | 8.51% |
| Net Interest Margin (%) | ▲ | 4.43% | +0.40 | 4.02% |
| Efficiency Ratio (%) | ▼ | 65.62% | +1.12 | 64.50% |
| Pre-Provision Profit ($M) | — | $2 | 0.00 | $2 |
| Cost of Funds (%) | ▲ | 1.75% | -0.20 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $404 | -25.25 | $429 |
| Gross Loans ($M) | ▼ | $342 | -30.20 | $372 |
| Loan Growth YoY (%) | ▼ | 96.92% | -9.73 | 106.65% |
| Total Deposits ($M) | ▲ | $346 | +3.34 | $343 |
| Shareholders Equity ($M) | ▲ | $54 | +3.73 | $51 |
| Tang. Book Value ($M) | ▲ | $54 | +3.73 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +3.86 | $52 |
| Loan / Deposit Ratio (%) | ▼ | 96.92% | -9.73 | 106.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.49% | +0.25 | 0.24% |
| Allowance / Loans (%) | — | 1.91% | 0.14% | 1.78% |
| Net Charge-Off Ratio (%) | ▼ | 0.57% | +0.30 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -14.51 | 14.51% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▅▆█ | Net Interest Margin (%) | 3.81% | 3.87% | 3.87% | 4.02% | 4.19% | 4.18% | 4.25% | 4.43% |
| ▁▂▂▄▇▇█▅ | Return on Assets (%) | 0.86% | 0.90% | 0.92% | 0.98% | 1.13% | 1.11% | 1.17% | 1.04% |
| █▇▅▆▁▂▁█ | Efficiency Ratio (%) | 65.8% | 64.7% | 63.8% | 64.5% | 61.3% | 61.5% | 60.9% | 65.6% |
| ▅█▆▃▄▆▄▁ | Cost of Funds (%) | 2.11% | 2.35% | 2.16% | 1.95% | 2.00% | 2.20% | 2.01% | 1.75% |
| ▁▁▂▁▁▂█▃ | NPA / Assets (%) | 0.24% | 0.18% | 0.41% | 0.24% | 0.23% | 0.35% | 1.17% | 0.49% |
| ▂▁▃▂▁▂█▃ | Net Charge-Off Ratio (%) | 0.28% | 0.10% | 0.48% | 0.27% | 0.26% | 0.40% | 1.37% | 0.57% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $48 | $49 | $50 | $51 | $52 | $53 | $54 | $54 |
| ▇█▇▆██▃▁ | Gross Loans ($M) | $381 | $389 | $378 | $372 | $383 | $388 | $355 | $342 |
| ▇▆█▃▁▃▅▄ | Total Deposits ($M) | $358 | $355 | $366 | $343 | $330 | $341 | $348 | $346 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 9% |
| Agricultural | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 14% |