Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.00% | -0.25 | 1.25% |
| Return on Equity (%) | ▼ | 11.27% | -2.55 | 13.82% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.42 | 3.88% |
| Efficiency Ratio (%) | ▼ | 72.91% | +7.18 | 65.73% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.07 | $1 |
| Cost of Funds (%) | ▲ | 1.83% | -0.10 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $281 | +31.13 | $249 |
| Gross Loans ($M) | ▲ | $222 | +49.76 | $172 |
| Loan Growth YoY (%) | ▲ | 86.84% | +10.92 | 75.92% |
| Total Deposits ($M) | ▲ | $253 | +28.71 | $224 |
| Shareholders Equity ($M) | ▲ | $25 | +2.37 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +2.37 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +2.49 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 86.84% | +10.92 | 75.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.69% | +0.23 | 0.47% |
| Allowance / Loans (%) | — | 1.01% | -0.08% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.24 | 0.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇▇▁▅▆▇█ | Net Interest Margin (%) | 4.21% | 4.25% | 4.24% | 3.88% | 4.13% | 4.15% | 4.20% | 4.30% |
| ▅▇█▅█▇▅▁ | Return on Assets (%) | 1.24% | 1.37% | 1.46% | 1.25% | 1.42% | 1.40% | 1.26% | 1.00% |
| ▇▅▃▃▁▁▃█ | Efficiency Ratio (%) | 71.1% | 68.4% | 66.4% | 65.7% | 63.6% | 63.3% | 66.8% | 72.9% |
| ▄▆█▅▅▁▄▁ | Cost of Funds (%) | 1.90% | 1.94% | 2.00% | 1.93% | 1.93% | 1.83% | 1.91% | 1.83% |
| ▁▁▁▅██▇▇ | NPA / Assets (%) | 0.01% | 0.01% | 0.06% | 0.47% | 0.84% | 0.76% | 0.71% | 0.69% |
| ▁▁▁▅█▄▄▃ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.08% | 0.68% | 1.16% | 0.47% | 0.46% | 0.43% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $21 | $22 | $22 | $23 | $24 | $25 | $25 | $25 |
| ▁▁▁▂▄▅▆█ | Gross Loans ($M) | $165 | $169 | $169 | $172 | $186 | $198 | $206 | $222 |
| ▁▁▂▃▄███ | Total Deposits ($M) | $207 | $209 | $215 | $224 | $231 | $256 | $257 | $253 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 12% |
| Agricultural | 11% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 20% |