Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.35% | -0.17 | 0.53% |
| Return on Equity (%) | ▼ | 5.42% | -4.46 | 9.88% |
| Net Interest Margin (%) | ▲ | 2.69% | +0.26 | 2.43% |
| Efficiency Ratio (%) | ▼ | 85.71% | +5.88 | 79.83% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.06 | $0 |
| Cost of Funds (%) | ▲ | 2.07% | -0.08 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $208 | -3.12 | $211 |
| Gross Loans ($M) | ▲ | $90 | +15.96 | $74 |
| Loan Growth YoY (%) | ▲ | 49.90% | +10.01 | 39.89% |
| Total Deposits ($M) | ▼ | $179 | -5.13 | $185 |
| Shareholders Equity ($M) | ▲ | $13 | +1.59 | $12 |
| Tang. Book Value ($M) | ▲ | $13 | +1.59 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +0.70 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 49.90% | +10.01 | 39.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.12 | 0.17% |
| Allowance / Loans (%) | — | 0.96% | -0.14% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.20 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▄▅█ | Net Interest Margin (%) | 2.17% | 2.16% | 2.17% | 2.43% | 2.44% | 2.38% | 2.42% | 2.69% |
| ▁▃▂█▆▂▃▄ | Return on Assets (%) | 0.25% | 0.32% | 0.28% | 0.53% | 0.44% | 0.30% | 0.32% | 0.35% |
| ▆▆█▁▃▄▆▄ | Efficiency Ratio (%) | 89.8% | 89.9% | 93.4% | 79.8% | 83.8% | 85.9% | 88.5% | 85.7% |
| █▇▅▃▂█▅▁ | Cost of Funds (%) | 2.33% | 2.27% | 2.21% | 2.15% | 2.11% | 2.33% | 2.20% | 2.07% |
| █▁▁▂▁▅▂▅ | NPA / Assets (%) | 0.45% | 0.14% | 0.13% | 0.17% | 0.11% | 0.29% | 0.18% | 0.29% |
| █▂▁▂▁▄▂▄ | Net Charge-Off Ratio (%) | 1.27% | 0.40% | 0.35% | 0.47% | 0.25% | 0.67% | 0.40% | 0.67% |
| ▁▄▃▅▆███ | Tang. Book Value ($M) | $9 | $11 | $11 | $12 | $12 | $13 | $13 | $13 |
| ▁▁▃▂▆▇██ | Gross Loans ($M) | $72 | $73 | $79 | $74 | $86 | $89 | $93 | $90 |
| ▂▅██▃▁▅▆ | Total Deposits ($M) | $173 | $179 | $184 | $185 | $175 | $170 | $178 | $179 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 8% |
| Agricultural | 15% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 17% |