Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.84% | -0.22 | 2.07% |
| Return on Equity (%) | ▼ | 22.35% | -4.54 | 26.89% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.00 | 4.23% |
| Efficiency Ratio (%) | ▼ | 59.78% | +4.87 | 54.91% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.08 | $1 |
| Cost of Funds (%) | ▲ | 1.18% | -0.05 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $174 | +1.09 | $173 |
| Gross Loans ($M) | ▲ | $78 | +1.00 | $77 |
| Loan Growth YoY (%) | ▲ | 47.99% | +0.57 | 47.42% |
| Total Deposits ($M) | ▲ | $160 | +0.30 | $159 |
| Shareholders Equity ($M) | ▲ | $13 | +0.86 | $13 |
| Tang. Book Value ($M) | ▲ | $13 | +0.86 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +0.96 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 47.99% | +0.57 | 47.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.33% | +0.77 | 0.56% |
| Allowance / Loans (%) | — | 1.95% | -0.09% | 2.04% |
| Net Charge-Off Ratio (%) | ▼ | 2.96% | +2.11 | 0.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄█▇▁▆██▁ | Net Interest Margin (%) | 4.29% | 4.37% | 4.35% | 4.23% | 4.34% | 4.37% | 4.37% | 4.23% |
| ██▆███▆▁ | Return on Assets (%) | 2.06% | 2.08% | 2.02% | 2.07% | 2.06% | 2.06% | 2.01% | 1.84% |
| ▁▂▄▁▂▂▄█ | Efficiency Ratio (%) | 55.3% | 55.6% | 56.9% | 54.9% | 55.5% | 56.0% | 56.9% | 59.8% |
| ▃▇█▃▂▃▄▁ | Cost of Funds (%) | 1.24% | 1.32% | 1.35% | 1.23% | 1.22% | 1.23% | 1.27% | 1.18% |
| ▂▄▂▄▁▃▂█ | NPA / Assets (%) | 0.29% | 0.63% | 0.33% | 0.56% | 0.01% | 0.46% | 0.21% | 1.33% |
| ▁▃▁▃▁▃▂█ | Net Charge-Off Ratio (%) | 0.21% | 0.86% | 0.29% | 0.85% | 0.03% | 1.01% | 0.45% | 2.96% |
| ▁▄▄▁▃▆█▄ | Tang. Book Value ($M) | $12 | $13 | $13 | $13 | $13 | $14 | $15 | $13 |
| █▇▃▁▁▁▄▂ | Gross Loans ($M) | $85 | $83 | $79 | $77 | $77 | $77 | $80 | $78 |
| ▃▁▁█▄▄▅█ | Total Deposits ($M) | $153 | $149 | $150 | $159 | $154 | $154 | $155 | $160 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 10% |