Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.36 | 0.81% |
| Return on Equity (%) | ▲ | 12.25% | +2.97 | 9.28% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.27 | 3.41% |
| Efficiency Ratio (%) | ▲ | 59.44% | -1.23 | 60.67% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.31 | $2 |
| Cost of Funds (%) | ▲ | 2.12% | -0.15 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $557 | +15.11 | $542 |
| Gross Loans ($M) | ▲ | $429 | +8.80 | $420 |
| Loan Growth YoY (%) | ▼ | 91.71% | -1.40 | 93.11% |
| Total Deposits ($M) | ▲ | $460 | +15.97 | $444 |
| Shareholders Equity ($M) | ▲ | $54 | +6.67 | $47 |
| Tang. Book Value ($M) | ▲ | $53 | +6.64 | $46 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +6.95 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 91.71% | -1.40 | 93.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.46% | +0.94 | 0.52% |
| Allowance / Loans (%) | — | 1.58% | 0.06% | 1.52% |
| Net Charge-Off Ratio (%) | ▼ | 1.90% | +1.23 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 3.18% | 3.19% | 3.22% | 3.41% | 3.47% | 3.55% | 3.60% | 3.68% |
| ▄▃▂▁▅▇██ | Return on Assets (%) | 0.95% | 0.91% | 0.87% | 0.81% | 1.02% | 1.12% | 1.17% | 1.17% |
| ███▄▁▁▁▃ | Efficiency Ratio (%) | 63.8% | 63.3% | 63.7% | 60.7% | 58.3% | 57.9% | 58.0% | 59.4% |
| ██▇▃▄▅▂▁ | Cost of Funds (%) | 2.60% | 2.59% | 2.51% | 2.28% | 2.35% | 2.37% | 2.24% | 2.12% |
| ▆▄▄▁▆▄▄█ | NPA / Assets (%) | 1.12% | 0.88% | 0.96% | 0.52% | 1.12% | 0.91% | 0.97% | 1.46% |
| ▆▄▄▁▆▄▄█ | Net Charge-Off Ratio (%) | 1.49% | 1.16% | 1.27% | 0.67% | 1.45% | 1.18% | 1.26% | 1.90% |
| ▁▂▁▂▃▆██ | Tang. Book Value ($M) | $45 | $46 | $45 | $46 | $47 | $50 | $52 | $53 |
| ▁▂▃▆████ | Gross Loans ($M) | $385 | $391 | $397 | $420 | $431 | $432 | $432 | $429 |
| ▁▂▃▆████ | Total Deposits ($M) | $414 | $422 | $431 | $444 | $457 | $457 | $458 | $460 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 20% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 31% |