Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.38% | -0.42 | 2.80% |
| Return on Equity (%) | ▼ | 26.92% | -10.51 | 37.43% |
| Net Interest Margin (%) | ▼ | 4.09% | -0.48 | 4.57% |
| Efficiency Ratio (%) | ▼ | 38.90% | +5.27 | 33.63% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.13 | $1 |
| Cost of Funds (%) | ▲ | 2.18% | -0.43 | 2.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $154 | +6.16 | $148 |
| Gross Loans ($M) | ▲ | $124 | +5.81 | $119 |
| Loan Growth YoY (%) | ▼ | 88.96% | -4.07 | 93.03% |
| Total Deposits ($M) | ▲ | $139 | +12.08 | $127 |
| Shareholders Equity ($M) | ▲ | $14 | +2.80 | $11 |
| Tang. Book Value ($M) | ▲ | $14 | +2.94 | $11 |
| Loan / Deposit Ratio (%) | ▼ | 88.96% | -4.07 | 93.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.51% | -0.04 | 0.55% |
| Allowance / Loans (%) | — | 0.64% | 0.16% | 0.48% |
| Net Charge-Off Ratio (%) | ▲ | 0.61% | -0.07 | 0.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▄█▆▆▅▁ | Net Interest Margin (%) | 4.32% | 4.27% | 4.32% | 4.57% | 4.40% | 4.42% | 4.37% | 4.09% |
| ▄▄▁█▇▇▅▄ | Return on Assets (%) | 2.37% | 2.39% | 2.05% | 2.80% | 2.62% | 2.64% | 2.45% | 2.38% |
| ▄▄█▁▁▁▃▃ | Efficiency Ratio (%) | 41.2% | 40.3% | 49.3% | 33.6% | 34.9% | 34.8% | 37.6% | 38.9% |
| ▅▇█▆▃▄▂▁ | Cost of Funds (%) | 2.51% | 2.74% | 2.82% | 2.61% | 2.36% | 2.42% | 2.27% | 2.18% |
| ▇▇▁█▁▄▃█ | NPA / Assets (%) | 0.47% | 0.43% | 0.05% | 0.55% | 0.05% | 0.25% | 0.21% | 0.51% |
| ▇▆▁█▁▄▃█ | Net Charge-Off Ratio (%) | 0.60% | 0.52% | 0.07% | 0.68% | 0.06% | 0.30% | 0.26% | 0.61% |
| ▁▂▂▃▅▇██ | Tang. Book Value ($M) | $9 | $10 | $10 | $11 | $12 | $13 | $13 | $14 |
| ▁▅▆▃▆▇█▆ | Gross Loans ($M) | $112 | $123 | $124 | $119 | $124 | $128 | $131 | $124 |
| ▁▁▃▁▁▄█▇ | Total Deposits ($M) | $126 | $125 | $130 | $127 | $126 | $134 | $143 | $139 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 43% |
| C&I / Commercial | 8% |
| Agricultural | 44% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 36% |
| Brokered / Other | 34% |