Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.92% | -0.57 | 1.48% |
| Return on Equity (%) | ▼ | 6.17% | -3.49 | 9.66% |
| Net Interest Margin (%) | ▼ | 4.41% | -0.64 | 5.06% |
| Efficiency Ratio (%) | ▼ | 64.03% | +8.75 | 55.28% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.47 | $2 |
| Cost of Funds (%) | ▲ | 2.01% | -0.03 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $317 | +19.14 | $297 |
| Gross Loans ($M) | ▲ | $233 | +10.98 | $222 |
| Loan Growth YoY (%) | ▼ | 87.01% | -3.14 | 90.15% |
| Total Deposits ($M) | ▲ | $262 | +21.24 | $241 |
| Shareholders Equity ($M) | ▲ | $47 | +1.52 | $45 |
| Tang. Book Value ($M) | ▲ | $47 | +1.52 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +2.46 | $46 |
| Loan / Deposit Ratio (%) | ▼ | 87.01% | -3.14 | 90.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.44% | +1.17 | 1.27% |
| Allowance / Loans (%) | — | 2.21% | -0.08% | 2.29% |
| Net Charge-Off Ratio (%) | ▼ | 2.45% | +2.16 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.43% | -0.50 | 22.94% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▇▇▇▇▁ | Net Interest Margin (%) | 5.14% | 5.17% | 5.20% | 5.06% | 5.09% | 5.06% | 5.03% | 4.41% |
| █▇▇▆▆▆▆▁ | Return on Assets (%) | 1.76% | 1.56% | 1.56% | 1.48% | 1.51% | 1.47% | 1.46% | 0.92% |
| ▁▁▁▃▁▅▄█ | Efficiency Ratio (%) | 51.9% | 53.0% | 52.7% | 55.3% | 53.4% | 58.1% | 57.9% | 64.0% |
| ▃▆█▁▃▅▅▁ | Cost of Funds (%) | 2.10% | 2.20% | 2.28% | 2.03% | 2.09% | 2.15% | 2.14% | 2.01% |
| ▅▅▂▁▂▂▄█ | NPA / Assets (%) | 1.95% | 1.91% | 1.45% | 1.27% | 1.53% | 1.48% | 1.76% | 2.44% |
| ▅▆▁▁▂▃▅█ | Net Charge-Off Ratio (%) | 1.40% | 1.73% | 0.18% | 0.29% | 0.67% | 0.93% | 1.39% | 2.45% |
| ▁▂▄▆▄▆██ | Tang. Book Value ($M) | $42 | $43 | $44 | $45 | $44 | $45 | $47 | $47 |
| ▄█▁▁▅█▅▇ | Gross Loans ($M) | $229 | $237 | $224 | $222 | $230 | $236 | $231 | $233 |
| ▁▃▃▅▇███ | Total Deposits ($M) | $217 | $233 | $231 | $241 | $254 | $258 | $257 | $262 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 10% |
| Agricultural | 14% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 16% |