Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.72% | +0.14 | 1.58% |
| Return on Equity (%) | ▼ | 12.99% | -0.09 | 13.08% |
| Net Interest Margin (%) | ▲ | 4.86% | +0.22 | 4.64% |
| Efficiency Ratio (%) | ▼ | 63.00% | +0.15 | 62.86% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.02 | $2 |
| Cost of Funds (%) | ▲ | 1.38% | -0.14 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $385 | +2.91 | $382 |
| Gross Loans ($M) | ▼ | $250 | -20.38 | $270 |
| Loan Growth YoY (%) | ▼ | 74.39% | -5.97 | 80.36% |
| Total Deposits ($M) | ▼ | $332 | -0.79 | $332 |
| Shareholders Equity ($M) | ▲ | $51 | +3.52 | $47 |
| Tang. Book Value ($M) | ▲ | $50 | +3.52 | $46 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +3.41 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 74.39% | -5.97 | 80.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.89% | +0.32 | 0.57% |
| Allowance / Loans (%) | — | 1.31% | 0.11% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 1.35% | +0.55 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▁▆██▆ | Net Interest Margin (%) | 4.69% | 4.70% | 4.71% | 4.64% | 4.86% | 4.97% | 4.97% | 4.86% |
| ▁▂▅▄▆██▆ | Return on Assets (%) | 1.33% | 1.42% | 1.60% | 1.58% | 1.73% | 1.82% | 1.87% | 1.72% |
| ▄▄▂█▄▂▁█ | Efficiency Ratio (%) | 61.4% | 61.2% | 60.5% | 62.9% | 61.2% | 60.6% | 59.9% | 63.0% |
| ▃██▄▃▃▁▁ | Cost of Funds (%) | 1.48% | 1.67% | 1.69% | 1.52% | 1.46% | 1.47% | 1.38% | 1.38% |
| ▂▁▁▄▃▂█▇ | NPA / Assets (%) | 0.32% | 0.26% | 0.18% | 0.57% | 0.45% | 0.36% | 1.03% | 0.89% |
| ▂▁▁▄▃▂█▇ | Net Charge-Off Ratio (%) | 0.45% | 0.36% | 0.26% | 0.81% | 0.61% | 0.50% | 1.51% | 1.35% |
| ▁▃▃▅▄▆██ | Tang. Book Value ($M) | $42 | $45 | $45 | $46 | $46 | $48 | $50 | $50 |
| ▆█▆██▆▃▁ | Gross Loans ($M) | $264 | $268 | $263 | $270 | $268 | $264 | $255 | $250 |
| ▄▅█▆▄▁▅▆ | Total Deposits ($M) | $324 | $329 | $338 | $332 | $324 | $315 | $327 | $332 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 10% |
| Agricultural | 6% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 18% |