Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.45% | +0.02 | 0.43% |
| Return on Equity (%) | ▲ | 5.04% | +0.16 | 4.88% |
| Net Interest Margin (%) | ▼ | 3.21% | -0.23 | 3.43% |
| Efficiency Ratio (%) | ▼ | 73.74% | +5.67 | 68.07% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.17 | $1 |
| Cost of Funds (%) | ▼ | 1.41% | +0.17 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $580 | +78.57 | $501 |
| Gross Loans ($M) | ▲ | $234 | +15.65 | $218 |
| Loan Growth YoY (%) | ▼ | 43.64% | -3.67 | 47.31% |
| Total Deposits ($M) | ▲ | $528 | +74.01 | $454 |
| Shareholders Equity ($M) | ▲ | $50 | +4.67 | $45 |
| Tang. Book Value ($M) | ▲ | $50 | +4.67 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +6.81 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 43.64% | -3.67 | 47.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.82% | -2.21 | 5.02% |
| Allowance / Loans (%) | — | 1.47% | -0.09% | 1.56% |
| Net Charge-Off Ratio (%) | ▲ | 3.15% | -5.55 | 8.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.43% | -0.49 | 20.91% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂███▇▅ | Net Interest Margin (%) | 2.87% | 2.84% | 2.92% | 3.43% | 3.45% | 3.41% | 3.37% | 3.21% |
| █▇█▁▅▆▁▂ | Return on Assets (%) | 0.67% | 0.62% | 0.65% | 0.43% | 0.55% | 0.59% | 0.40% | 0.45% |
| ▃▄▄▁▁▂█▇ | Efficiency Ratio (%) | 69.9% | 70.8% | 70.5% | 68.1% | 67.5% | 68.7% | 74.6% | 73.7% |
| ██▅▁▂▃▄▅ | Cost of Funds (%) | 1.52% | 1.55% | 1.41% | 1.23% | 1.31% | 1.33% | 1.39% | 1.41% |
| ▁▂▂█▄▃▂▁ | NPA / Assets (%) | 2.56% | 2.92% | 3.15% | 5.02% | 3.49% | 3.18% | 3.08% | 2.82% |
| ▅▆▃█▃▂▁▁ | Net Charge-Off Ratio (%) | 6.57% | 7.11% | 4.57% | 8.70% | 5.02% | 4.41% | 3.64% | 3.15% |
| ▁▅▁▄▅███ | Tang. Book Value ($M) | $41 | $46 | $42 | $45 | $46 | $50 | $51 | $50 |
| ▁▃▁▄▆█▇█ | Gross Loans ($M) | $202 | $211 | $204 | $218 | $225 | $236 | $228 | $234 |
| ▁▁▂▂▂▃▆█ | Total Deposits ($M) | $446 | $435 | $448 | $454 | $453 | $469 | $498 | $528 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 11% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 13% |