Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.98% | -0.42 | 2.40% |
| Return on Equity (%) | ▼ | 17.90% | -5.70 | 23.60% |
| Net Interest Margin (%) | ▼ | 4.38% | -0.74 | 5.12% |
| Efficiency Ratio (%) | ▲ | 49.16% | -0.62 | 49.78% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.50 | $3 |
| Cost of Funds (%) | ▲ | 2.34% | -0.09 | 2.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $570 | +131.21 | $438 |
| Gross Loans ($M) | ▲ | $443 | +121.63 | $322 |
| Loan Growth YoY (%) | ▲ | 97.96% | +6.42 | 91.53% |
| Total Deposits ($M) | ▲ | $448 | +99.52 | $348 |
| Shareholders Equity ($M) | ▲ | $64 | +21.00 | $43 |
| Tang. Book Value ($M) | ▲ | $62 | +21.05 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +21.88 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 97.96% | +6.42 | 91.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.13% | +2.08 | 1.06% |
| Allowance / Loans (%) | — | 1.05% | 0.16% | 0.89% |
| Net Charge-Off Ratio (%) | ▼ | 3.98% | +2.58 | 1.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▅▅▃▂▁ | Net Interest Margin (%) | 5.62% | 5.61% | 5.39% | 5.12% | 5.07% | 4.77% | 4.61% | 4.38% |
| ▇█▇▆▆▁▁▁ | Return on Assets (%) | 2.46% | 2.59% | 2.43% | 2.40% | 2.41% | 1.96% | 1.90% | 1.98% |
| █▇▇▃▁▄▄▂ | Efficiency Ratio (%) | 55.8% | 54.2% | 54.2% | 49.8% | 47.3% | 50.6% | 50.9% | 49.2% |
| ▃▆▂▂▆█▂▁ | Cost of Funds (%) | 2.46% | 2.65% | 2.41% | 2.43% | 2.68% | 2.80% | 2.43% | 2.34% |
| ▅▅▄▁▅▆▇█ | NPA / Assets (%) | 2.10% | 2.18% | 2.06% | 1.06% | 2.12% | 2.51% | 2.66% | 3.13% |
| ▄▄▅▁▅▄▄█ | Net Charge-Off Ratio (%) | 2.47% | 2.62% | 2.76% | 1.40% | 2.75% | 2.50% | 2.47% | 3.98% |
| ▁▁▂▂▆▆██ | Tang. Book Value ($M) | $35 | $37 | $39 | $41 | $53 | $54 | $59 | $62 |
| ▁▁▁▃▆▇▇█ | Gross Loans ($M) | $264 | $277 | $279 | $322 | $378 | $408 | $419 | $443 |
| ▁▁▂▄▆▇██ | Total Deposits ($M) | $279 | $296 | $306 | $348 | $400 | $421 | $433 | $448 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 9% |
| Agricultural | 12% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 24% |