Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.19% | -0.07 | 1.26% |
| Return on Equity (%) | ▼ | 8.75% | -1.80 | 10.55% |
| Net Interest Margin (%) | ▲ | 2.94% | +0.18 | 2.77% |
| Efficiency Ratio (%) | ▼ | 55.87% | +2.77 | 53.10% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.01 | $0 |
| Cost of Funds (%) | ▲ | 2.06% | -0.46 | 2.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $113 | -3.65 | $117 |
| Gross Loans ($M) | ▼ | $63 | -12.57 | $76 |
| Loan Growth YoY (%) | ▼ | 67.09% | -13.03 | 80.12% |
| Total Deposits ($M) | ▼ | $93 | -0.61 | $93 |
| Shareholders Equity ($M) | ▲ | $16 | +1.82 | $14 |
| Tang. Book Value ($M) | ▲ | $16 | +1.82 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +1.79 | $16 |
| Loan / Deposit Ratio (%) | ▼ | 67.09% | -13.03 | 80.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.61% | +0.27 | 0.34% |
| Allowance / Loans (%) | — | 1.79% | 0.30% | 1.50% |
| Net Charge-Off Ratio (%) | ▼ | 0.95% | +0.42 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▁▃▅▆▆█ | Net Interest Margin (%) | 2.76% | 2.71% | 2.67% | 2.77% | 2.83% | 2.84% | 2.86% | 2.94% |
| █▅▃▄▅▄▂▁ | Return on Assets (%) | 1.36% | 1.29% | 1.24% | 1.26% | 1.30% | 1.26% | 1.23% | 1.19% |
| ▁▄▆▃▃▅▇█ | Efficiency Ratio (%) | 52.0% | 53.5% | 54.5% | 53.1% | 53.1% | 54.1% | 55.3% | 55.9% |
| ▂██▆▅█▃▁ | Cost of Funds (%) | 2.21% | 2.61% | 2.69% | 2.51% | 2.38% | 2.64% | 2.26% | 2.06% |
| █▁▁▂▁▁▁▅ | NPA / Assets (%) | 0.95% | 0.25% | 0.23% | 0.34% | 0.28% | 0.28% | 0.20% | 0.61% |
| █▁▁▂▁▁▁▅ | Net Charge-Off Ratio (%) | 1.55% | 0.40% | 0.36% | 0.53% | 0.44% | 0.45% | 0.34% | 0.95% |
| ▁▄▁▂▁▅██ | Tang. Book Value ($M) | $14 | $15 | $14 | $14 | $14 | $15 | $16 | $16 |
| ▄▆███▅▅▁ | Gross Loans ($M) | $69 | $72 | $76 | $76 | $77 | $71 | $70 | $63 |
| ▁▃█▅▅▄█▅ | Total Deposits ($M) | $86 | $89 | $99 | $93 | $94 | $91 | $99 | $93 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 19% |
| Agricultural | 32% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 30% |