Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.73% | -0.06 | 0.78% |
| Return on Equity (%) | ▼ | 8.32% | -1.01 | 9.33% |
| Net Interest Margin (%) | ▲ | 3.30% | +0.01 | 3.30% |
| Efficiency Ratio (%) | ▼ | 64.90% | +0.10 | 64.80% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.06 | $1 |
| Cost of Funds (%) | ▲ | 2.74% | -0.26 | 3.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $376 | +23.58 | $352 |
| Gross Loans ($M) | ▲ | $276 | +16.84 | $259 |
| Loan Growth YoY (%) | ▼ | 79.48% | -0.09 | 79.56% |
| Total Deposits ($M) | ▲ | $342 | +21.24 | $321 |
| Shareholders Equity ($M) | ▲ | $33 | +2.40 | $30 |
| Tang. Book Value ($M) | ▲ | $33 | +2.40 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +2.56 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 79.48% | -0.09 | 79.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.47% | +2.24 | 1.23% |
| Allowance / Loans (%) | — | 1.26% | 0.01% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 4.74% | +3.06 | 1.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.02% | +0.73 | 14.29% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃█████ | Net Interest Margin (%) | 2.74% | 2.83% | 2.91% | 3.30% | 3.31% | 3.28% | 3.31% | 3.30% |
| ▁▂▄████▇ | Return on Assets (%) | 0.49% | 0.55% | 0.63% | 0.78% | 0.77% | 0.76% | 0.77% | 0.73% |
| █▇▆▂▁▁▁▂ | Efficiency Ratio (%) | 76.9% | 74.4% | 71.3% | 64.8% | 62.3% | 63.2% | 61.7% | 64.9% |
| ██▇▅▄▄▃▁ | Cost of Funds (%) | 3.15% | 3.18% | 3.12% | 3.00% | 2.95% | 2.91% | 2.87% | 2.74% |
| ▁▁▁▂▄▄▅█ | NPA / Assets (%) | 0.94% | 0.72% | 0.98% | 1.23% | 1.78% | 2.06% | 2.19% | 3.47% |
| ▁▁▁▂▄▄▄█ | Net Charge-Off Ratio (%) | 1.36% | 1.05% | 1.38% | 1.67% | 2.45% | 2.82% | 2.86% | 4.74% |
| ▁▄▁▄▅▇██ | Tang. Book Value ($M) | $28 | $30 | $29 | $30 | $31 | $32 | $32 | $33 |
| ▁▂▃▅▆▇██ | Gross Loans ($M) | $233 | $241 | $248 | $259 | $260 | $266 | $271 | $276 |
| ▁▄▄▄▅▆▆█ | Total Deposits ($M) | $303 | $318 | $321 | $321 | $326 | $331 | $332 | $342 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 10% |
| Agricultural | 9% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 19% |