Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.12% | -1.03 | 0.91% |
| Return on Equity (%) | ▼ | -1.33% | -10.91 | 9.58% |
| Net Interest Margin (%) | ▼ | 5.34% | -0.17 | 5.51% |
| Efficiency Ratio (%) | ▼ | 78.42% | +9.28 | 69.14% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.38 | $1 |
| Cost of Funds (%) | ▲ | 1.86% | -0.08 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $348 | +29.46 | $318 |
| Gross Loans ($M) | ▲ | $257 | +24.96 | $232 |
| Loan Growth YoY (%) | ▲ | 80.21% | +0.16 | 80.05% |
| Total Deposits ($M) | ▲ | $315 | +29.44 | $286 |
| Shareholders Equity ($M) | ▼ | $31 | -0.08 | $31 |
| Tang. Book Value ($M) | ▼ | $30 | -0.01 | $30 |
| TBV excl. AOCI ($M)** | ▼ | $32 | -0.11 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 80.21% | +0.16 | 80.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.74% | +0.26 | 0.48% |
| Allowance / Loans (%) | — | 1.46% | 0.23% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 1.00% | +0.35 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.69% | -1.37 | 12.06% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆▆▅▇██▁ | Net Interest Margin (%) | 5.53% | 5.55% | 5.55% | 5.51% | 5.61% | 5.65% | 5.64% | 5.34% |
| ███▅▅▅▃▁ | Return on Assets (%) | 1.74% | 1.80% | 1.64% | 0.91% | 1.04% | 0.90% | 0.46% | -0.12% |
| ▁▁▁▁▁▁▂█ | Efficiency Ratio (%) | 69.2% | 68.2% | 69.2% | 69.1% | 68.2% | 68.2% | 69.7% | 78.4% |
| █▇▇▄▁▁▅▃ | Cost of Funds (%) | 2.16% | 2.06% | 2.06% | 1.94% | 1.73% | 1.73% | 1.95% | 1.86% |
| ▃██▁▁▄▆▄ | NPA / Assets (%) | 0.71% | 1.14% | 1.13% | 0.48% | 0.52% | 0.75% | 0.91% | 0.74% |
| ▃██▁▁▃▅▄ | Net Charge-Off Ratio (%) | 0.92% | 1.56% | 1.57% | 0.66% | 0.67% | 0.99% | 1.19% | 1.00% |
| ▁▆▂▅▅█▆▅ | Tang. Book Value ($M) | $29 | $30 | $29 | $30 | $30 | $31 | $30 | $30 |
| ▁▁▃▃▆███ | Gross Loans ($M) | $220 | $225 | $233 | $232 | $247 | $256 | $260 | $257 |
| ▁▃▅▅▄▇▇█ | Total Deposits ($M) | $256 | $276 | $291 | $286 | $278 | $305 | $305 | $315 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 20% |
| Agricultural | 2% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 17% |