Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.14% | -0.48 | 1.62% |
| Return on Equity (%) | ▼ | 11.29% | -5.33 | 16.62% |
| Net Interest Margin (%) | ▲ | 4.88% | +0.08 | 4.81% |
| Efficiency Ratio (%) | ▼ | 60.65% | +3.37 | 57.29% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.05 | $2 |
| Cost of Funds (%) | ▲ | 2.54% | -0.30 | 2.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $319 | +20.76 | $298 |
| Gross Loans ($M) | ▲ | $236 | +22.50 | $213 |
| Loan Growth YoY (%) | ▲ | 83.09% | +2.93 | 80.16% |
| Total Deposits ($M) | ▲ | $281 | +17.56 | $263 |
| Shareholders Equity ($M) | ▲ | $32 | +2.87 | $29 |
| Tang. Book Value ($M) | ▲ | $32 | +2.89 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +2.93 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 83.09% | +2.93 | 80.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.93% | -0.08 | 1.01% |
| Allowance / Loans (%) | — | 1.11% | -0.02% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 1.09% | -0.32 | 1.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▆▃▇██▆ | Net Interest Margin (%) | 4.72% | 4.82% | 4.89% | 4.81% | 4.91% | 4.97% | 4.95% | 4.88% |
| ▄▁▂█▅▄▃▂ | Return on Assets (%) | 1.25% | 1.00% | 1.12% | 1.62% | 1.36% | 1.29% | 1.21% | 1.14% |
| ▄▁▃▂▂▁▄█ | Efficiency Ratio (%) | 58.2% | 56.5% | 57.8% | 57.3% | 57.0% | 56.4% | 58.3% | 60.7% |
| ███▆▄▄▃▁ | Cost of Funds (%) | 2.98% | 3.03% | 2.98% | 2.85% | 2.78% | 2.78% | 2.71% | 2.54% |
| █▃▄▂▂▁▁▁ | NPA / Assets (%) | 2.20% | 1.19% | 1.41% | 1.01% | 0.98% | 0.79% | 0.90% | 0.93% |
| █▂▂▂▂▁▁▁ | Net Charge-Off Ratio (%) | 2.86% | 1.47% | 1.37% | 1.41% | 1.27% | 1.01% | 1.15% | 1.09% |
| ▁▁▂▄▅▆██ | Tang. Book Value ($M) | $27 | $27 | $28 | $29 | $30 | $30 | $31 | $32 |
| ▁▁▃▂▄▅▅█ | Gross Loans ($M) | $206 | $209 | $214 | $213 | $218 | $222 | $224 | $236 |
| ▁▁▃▄▅▆▇█ | Total Deposits ($M) | $250 | $249 | $257 | $263 | $268 | $271 | $275 | $281 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 18% |
| Agricultural | 4% |
| Consumer | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 15% |