Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.05% | -0.21 | 1.26% |
| Return on Equity (%) | ▼ | 6.84% | -2.01 | 8.85% |
| Net Interest Margin (%) | ▼ | 3.63% | -0.05 | 3.68% |
| Efficiency Ratio (%) | ▼ | 63.90% | +7.90 | 56.00% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.29 | $2 |
| Cost of Funds (%) | ▲ | 1.79% | -0.23 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $383 | +2.70 | $381 |
| Gross Loans ($M) | ▼ | $149 | -7.13 | $156 |
| Loan Growth YoY (%) | ▼ | 44.82% | -1.95 | 46.78% |
| Total Deposits ($M) | ▼ | $324 | -1.76 | $325 |
| Shareholders Equity ($M) | ▲ | $59 | +4.68 | $55 |
| Tang. Book Value ($M) | ▲ | $59 | +4.68 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +5.94 | $59 |
| Loan / Deposit Ratio (%) | ▼ | 44.82% | -1.95 | 46.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.39 | 0.25% |
| Allowance / Loans (%) | — | 2.54% | 0.12% | 2.41% |
| Net Charge-Off Ratio (%) | ▼ | 1.63% | +1.03 | 0.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅█▆▅█▇█▁ | Net Interest Margin (%) | 3.69% | 3.71% | 3.70% | 3.68% | 3.72% | 3.71% | 3.72% | 3.63% |
| ██▇▄▆▆▅▁ | Return on Assets (%) | 1.49% | 1.53% | 1.42% | 1.26% | 1.38% | 1.41% | 1.34% | 1.05% |
| ▁▁▂▄▂▂▃█ | Efficiency Ratio (%) | 50.0% | 49.9% | 52.5% | 56.0% | 52.8% | 53.1% | 55.1% | 63.9% |
| ▇█▃▆▆▅▁▁ | Cost of Funds (%) | 2.09% | 2.14% | 1.92% | 2.02% | 2.01% | 2.00% | 1.82% | 1.79% |
| ▁▁▁▂▂▇██ | NPA / Assets (%) | 0.16% | 0.18% | 0.20% | 0.25% | 0.22% | 0.52% | 0.63% | 0.63% |
| ▁▁▁▂▂▆██ | Net Charge-Off Ratio (%) | 0.34% | 0.38% | 0.48% | 0.60% | 0.53% | 1.25% | 1.60% | 1.63% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $50 | $52 | $53 | $55 | $56 | $58 | $59 | $59 |
| ██▆▄▄▃▁▁ | Gross Loans ($M) | $163 | $163 | $158 | $156 | $155 | $153 | $151 | $149 |
| ▃▁▇█▄▄██ | Total Deposits ($M) | $306 | $297 | $321 | $325 | $309 | $310 | $324 | $324 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 14% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 10% |