Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.90% | -0.77 | 2.67% |
| Return on Equity (%) | ▼ | 17.43% | -6.42 | 23.85% |
| Net Interest Margin (%) | ▼ | 4.50% | -0.56 | 5.06% |
| Efficiency Ratio (%) | ▼ | 53.96% | +7.42 | 46.53% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.05 | $2 |
| Cost of Funds (%) | ▲ | 2.23% | -0.07 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $407 | +96.58 | $311 |
| Gross Loans ($M) | ▲ | $264 | +47.23 | $216 |
| Loan Growth YoY (%) | ▼ | 72.23% | -5.95 | 78.18% |
| Total Deposits ($M) | ▲ | $360 | +86.85 | $273 |
| Shareholders Equity ($M) | ▲ | $44 | +7.67 | $36 |
| Tang. Book Value ($M) | ▲ | $38 | +7.77 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +8.27 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 72.23% | -5.95 | 78.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.93% | +0.76 | 1.17% |
| Allowance / Loans (%) | — | 1.42% | 0.04% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 1.59% | +1.58 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▇█▇▇▁ | Net Interest Margin (%) | 5.08% | 5.11% | 5.16% | 5.06% | 5.09% | 5.03% | 5.01% | 4.50% |
| ▅▄▆█▆▅▅▁ | Return on Assets (%) | 2.29% | 2.25% | 2.42% | 2.67% | 2.38% | 2.38% | 2.38% | 1.90% |
| ▁▁▁▄▃▄▄█ | Efficiency Ratio (%) | 41.8% | 42.0% | 40.8% | 46.5% | 45.1% | 46.6% | 46.5% | 54.0% |
| ██▇▆▁▄▄▄ | Cost of Funds (%) | 2.41% | 2.45% | 2.35% | 2.30% | 2.03% | 2.20% | 2.22% | 2.23% |
| ▄▂▁▂█▆▁▇ | NPA / Assets (%) | 1.55% | 1.21% | 1.12% | 1.17% | 2.17% | 1.78% | 1.00% | 1.93% |
| █▁▁▁▇▅▁▆ | Net Charge-Off Ratio (%) | 2.14% | 0.00% | 0.00% | 0.02% | 1.66% | 1.29% | 0.17% | 1.59% |
| ▁▂▃▃▄▆██ | Tang. Book Value ($M) | $25 | $28 | $29 | $30 | $30 | $34 | $36 | $38 |
| ▁▁▁▂▅▅▆█ | Gross Loans ($M) | $209 | $209 | $215 | $216 | $239 | $238 | $247 | $264 |
| ▁▁▂▂▄▅▇█ | Total Deposits ($M) | $258 | $269 | $283 | $273 | $308 | $320 | $335 | $360 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 51% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 30% |