Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -4.06% | -5.67 | 1.61% |
| Return on Equity (%) | ▼ | -35.49% | -45.76 | 10.27% |
| Net Interest Margin (%) | ▼ | 2.39% | -0.67 | 3.06% |
| Efficiency Ratio (%) | ▼ | 108.52% | +11.38 | 97.14% |
| Pre-Provision Profit ($M) | ▼ | $-1 | -1.51 | $0 |
| Cost of Funds (%) | ▼ | 2.33% | +0.29 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $114 | +25.10 | $88 |
| Gross Loans ($M) | ▲ | $89 | +23.12 | $66 |
| Loan Growth YoY (%) | ▲ | 101.99% | +6.36 | 95.63% |
| Total Deposits ($M) | ▲ | $87 | +18.43 | $68 |
| Shareholders Equity ($M) | ▼ | $12 | -2.00 | $14 |
| Tang. Book Value ($M) | ▼ | $12 | -2.00 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 101.99% | +6.36 | 95.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.28 | 0.80% |
| Allowance / Loans (%) | — | 0.28% | -0.13% | 0.41% |
| Net Charge-Off Ratio (%) | ▼ | 1.32% | +0.25 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($13.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▆█▆▇▇▁ | Net Interest Margin (%) | 2.76% | 2.75% | 2.81% | 3.06% | 2.84% | 2.93% | 2.92% | 2.39% |
| ▆██▆▇▆▄▁ | Return on Assets (%) | 1.72% | 3.45% | 4.04% | 1.61% | 2.46% | 1.36% | -0.77% | -4.06% |
| ▃▁▁▃▃▄▆█ | Efficiency Ratio (%) | 95.5% | 92.0% | 90.5% | 97.1% | 95.3% | 97.7% | 102.1% | 108.5% |
| ▂▃▆▂▁▇█▅ | Cost of Funds (%) | 2.08% | 2.14% | 2.38% | 2.05% | 1.96% | 2.45% | 2.61% | 2.33% |
| ▁▁▁▃▅▅█▇ | NPA / Assets (%) | 0.57% | 0.63% | 0.58% | 0.80% | 0.95% | 0.94% | 1.18% | 1.08% |
| ▁▂▁▄▅▇█▆ | Net Charge-Off Ratio (%) | 0.72% | 0.88% | 0.71% | 1.07% | 1.20% | 1.43% | 1.61% | 1.32% |
| ▁▄▆▇██▅▃ | Tang. Book Value ($M) | $11 | $13 | $14 | $14 | $15 | $15 | $14 | $12 |
| ▁▁▅▂▇▂▆█ | Gross Loans ($M) | $61 | $61 | $75 | $66 | $83 | $67 | $80 | $89 |
| ▁▁▁▃▅▇█▇ | Total Deposits ($M) | $54 | $54 | $55 | $68 | $75 | $86 | $94 | $87 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| Agricultural | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 88% |