Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.95% | -2.24 | 1.29% |
| Return on Equity (%) | ▼ | -8.60% | -20.06 | 11.46% |
| Net Interest Margin (%) | ▼ | 4.49% | -0.06 | 4.55% |
| Efficiency Ratio (%) | ▲ | 53.21% | -1.56 | 54.77% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.40 | $3 |
| Cost of Funds (%) | ▲ | 1.93% | -0.13 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $558 | +51.01 | $507 |
| Gross Loans ($M) | ▲ | $402 | +4.77 | $398 |
| Loan Growth YoY (%) | ▼ | 79.98% | -8.74 | 88.72% |
| Total Deposits ($M) | ▲ | $486 | +48.52 | $438 |
| Shareholders Equity ($M) | ▲ | $60 | +2.83 | $57 |
| Tang. Book Value ($M) | ▲ | $59 | +3.13 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +3.88 | $59 |
| Loan / Deposit Ratio (%) | ▼ | 79.98% | -8.74 | 88.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.88% | +0.37 | 1.51% |
| Allowance / Loans (%) | — | 3.41% | 1.02% | 2.39% |
| Net Charge-Off Ratio (%) | ▼ | 2.61% | +0.68 | 1.93% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.64% | +1.52 | 14.13% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▆▇▂▆██▁ | Net Interest Margin (%) | 4.60% | 4.73% | 4.77% | 4.55% | 4.72% | 4.83% | 4.80% | 4.49% |
| ███████▁ | Return on Assets (%) | 1.39% | 1.41% | 1.30% | 1.29% | 1.30% | 1.32% | 1.28% | -0.95% |
| ▃▂▄▃▅▆█▁ | Efficiency Ratio (%) | 54.6% | 54.2% | 55.2% | 54.8% | 55.9% | 56.7% | 58.3% | 53.2% |
| ▂▆█▃▂▁▂▁ | Cost of Funds (%) | 2.00% | 2.19% | 2.34% | 2.05% | 1.99% | 1.91% | 1.99% | 1.93% |
| ▁▁▁▆▅▅██ | NPA / Assets (%) | 0.76% | 0.71% | 0.73% | 1.51% | 1.46% | 1.46% | 1.95% | 1.88% |
| ▁▁▁▅▅▅██ | Net Charge-Off Ratio (%) | 1.00% | 0.90% | 0.93% | 1.93% | 1.87% | 1.89% | 2.59% | 2.61% |
| ▁▃▃▅▆██▇ | Tang. Book Value ($M) | $51 | $54 | $54 | $56 | $58 | $60 | $61 | $59 |
| ▁▂▁▄▅█▇▅ | Gross Loans ($M) | $387 | $390 | $388 | $398 | $401 | $413 | $409 | $402 |
| ▂▁▁▃▃▅▆█ | Total Deposits ($M) | $434 | $418 | $424 | $438 | $442 | $459 | $467 | $486 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 9% |
| Agricultural | 7% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 9% |