Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.62% | -0.20 | 0.82% |
| Return on Equity (%) | ▼ | 6.72% | -2.40 | 9.12% |
| Net Interest Margin (%) | ▼ | 2.50% | -0.10 | 2.60% |
| Efficiency Ratio (%) | ▼ | 62.53% | +4.14 | 58.39% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.14 | $1 |
| Cost of Funds (%) | ▲ | 2.08% | -0.04 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $539 | +31.80 | $507 |
| Gross Loans ($M) | ▼ | $276 | -0.06 | $276 |
| Loan Growth YoY (%) | ▼ | 60.18% | -3.35 | 63.53% |
| Total Deposits ($M) | ▲ | $450 | +23.79 | $426 |
| Shareholders Equity ($M) | ▲ | $49 | +2.49 | $47 |
| Tang. Book Value ($M) | ▲ | $49 | +2.49 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +2.48 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 60.18% | -3.35 | 63.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.20% | +3.59 | 0.60% |
| Allowance / Loans (%) | — | 1.79% | -0.02% | 1.82% |
| Net Charge-Off Ratio (%) | ▼ | 7.31% | +6.21 | 1.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃█▇██▇ | Net Interest Margin (%) | 2.11% | 2.23% | 2.28% | 2.60% | 2.52% | 2.58% | 2.58% | 2.50% |
| ▁▂▃█▆█▅▄ | Return on Assets (%) | 0.49% | 0.56% | 0.59% | 0.82% | 0.71% | 0.78% | 0.69% | 0.62% |
| █▆▅▁▄▂▂▄ | Efficiency Ratio (%) | 69.4% | 65.7% | 65.0% | 58.4% | 62.6% | 60.3% | 60.6% | 62.5% |
| ██▅▁▃▂▁▁ | Cost of Funds (%) | 2.43% | 2.47% | 2.29% | 2.12% | 2.21% | 2.17% | 2.12% | 2.08% |
| ▁▁▁▁▄▄▆█ | NPA / Assets (%) | 0.52% | 0.45% | 0.40% | 0.60% | 2.15% | 2.07% | 3.01% | 4.20% |
| ▁▁▁▁▄▄▆█ | Net Charge-Off Ratio (%) | 0.88% | 0.83% | 0.74% | 1.11% | 3.86% | 3.72% | 5.56% | 7.31% |
| ▁▅▂▅▅███ | Tang. Book Value ($M) | $43 | $47 | $44 | $47 | $47 | $49 | $49 | $49 |
| █▁▁▁▂▇█▁ | Gross Loans ($M) | $288 | $275 | $275 | $276 | $277 | $286 | $288 | $276 |
| ▁▂▂▆▅▆██ | Total Deposits ($M) | $376 | $387 | $389 | $426 | $418 | $427 | $443 | $450 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 15% |