Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.78% | -0.04 | 0.82% |
| Return on Equity (%) | ▼ | 11.80% | -3.25 | 15.05% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.08 | 3.62% |
| Efficiency Ratio (%) | ▼ | 72.47% | +2.73 | 69.74% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.02 | $1 |
| Cost of Funds (%) | ▲ | 1.70% | -0.19 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $348 | +10.21 | $338 |
| Gross Loans ($M) | ▼ | $153 | -0.87 | $154 |
| Loan Growth YoY (%) | ▼ | 46.56% | -1.27 | 47.83% |
| Total Deposits ($M) | ▲ | $324 | +6.90 | $317 |
| Shareholders Equity ($M) | ▲ | $23 | +3.44 | $19 |
| Tang. Book Value ($M) | ▲ | $23 | +3.44 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +4.27 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 46.56% | -1.27 | 47.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.37 | 0.19% |
| Allowance / Loans (%) | — | 1.34% | -0.02% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 0.89% | +0.79 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▅▁▆██▄ | Net Interest Margin (%) | 3.78% | 3.73% | 3.71% | 3.62% | 3.73% | 3.78% | 3.78% | 3.70% |
| █▆▆▁▃▃▅▁ | Return on Assets (%) | 1.19% | 1.08% | 1.09% | 0.82% | 0.90% | 0.93% | 1.04% | 0.78% |
| ▁▂▃▇▅▆▆█ | Efficiency Ratio (%) | 61.4% | 63.8% | 64.3% | 69.7% | 68.2% | 68.7% | 68.7% | 72.5% |
| ▂▇█▆▆▄▄▁ | Cost of Funds (%) | 1.76% | 1.91% | 1.97% | 1.89% | 1.88% | 1.83% | 1.81% | 1.70% |
| ▁▁▃▃▇█▇█ | NPA / Assets (%) | 0.03% | 0.04% | 0.23% | 0.19% | 0.51% | 0.60% | 0.50% | 0.56% |
| ▁▁▄▁▆█▆▇ | Net Charge-Off Ratio (%) | 0.07% | 0.08% | 0.51% | 0.10% | 0.79% | 1.04% | 0.78% | 0.89% |
| ▁▇▁▃▂▇██ | Tang. Book Value ($M) | $18 | $22 | $17 | $19 | $19 | $22 | $23 | $23 |
| ▁▃▁▆█▅▂▅ | Gross Loans ($M) | $150 | $152 | $151 | $154 | $155 | $153 | $151 | $153 |
| ▁▁▅▆▆▇██ | Total Deposits ($M) | $297 | $300 | $314 | $317 | $318 | $322 | $327 | $324 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 11% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |