Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -4.34% | -4.65 | 0.30% |
| Return on Equity (%) | ▼ | -47.61% | -50.64 | 3.03% |
| Net Interest Margin (%) | ▲ | 3.40% | +0.18 | 3.22% |
| Efficiency Ratio (%) | ▲ | 61.87% | -3.84 | 65.71% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.43 | $2 |
| Cost of Funds (%) | ▲ | 2.38% | -0.17 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $685 | +37.06 | $648 |
| Gross Loans ($M) | ▼ | $471 | -70.65 | $541 |
| Loan Growth YoY (%) | ▼ | 79.33% | -19.81 | 99.14% |
| Total Deposits ($M) | ▲ | $582 | +43.53 | $539 |
| Shareholders Equity ($M) | ▼ | $61 | -6.21 | $67 |
| Tang. Book Value ($M) | ▼ | $61 | -6.21 | $67 |
| TBV excl. AOCI ($M)** | ▼ | $65 | -2.15 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 79.33% | -19.81 | 99.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 5.10% | +0.21 | 4.88% |
| Allowance / Loans (%) | — | 1.89% | 0.53% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 7.38% | +1.53 | 5.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▄▄▄▂ | Net Interest Margin (%) | 3.99% | 4.06% | 3.96% | 3.22% | 3.57% | 3.64% | 3.63% | 3.40% |
| ███▇▇▇▇▁ | Return on Assets (%) | 1.20% | 1.27% | 1.20% | 0.30% | 0.05% | 0.06% | 0.01% | -4.34% |
| ▁▁▂█▇▇▆▇ | Efficiency Ratio (%) | 48.2% | 49.5% | 51.1% | 65.7% | 63.3% | 61.8% | 59.2% | 61.9% |
| ▇█▄▃▃▂▁▁ | Cost of Funds (%) | 2.89% | 3.04% | 2.66% | 2.55% | 2.50% | 2.49% | 2.31% | 2.38% |
| ▁▁▄███▇█ | NPA / Assets (%) | 0.29% | 0.28% | 2.45% | 4.88% | 4.64% | 4.90% | 4.17% | 5.10% |
| ▁▁▄▇▇▇▇█ | Net Charge-Off Ratio (%) | 0.34% | 0.33% | 3.02% | 5.85% | 5.73% | 6.34% | 5.94% | 7.38% |
| ▂▅▆▇▇▇█▁ | Tang. Book Value ($M) | $63 | $65 | $66 | $67 | $67 | $67 | $68 | $61 |
| ▇███▆▅▄▁ | Gross Loans ($M) | $537 | $546 | $550 | $541 | $527 | $518 | $507 | $471 |
| ▁▁▄▂▂▄█▅ | Total Deposits ($M) | $523 | $530 | $570 | $539 | $542 | $568 | $621 | $582 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 12% |
| Agricultural | 16% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 11% |