Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.28 | 0.42% |
| Return on Equity (%) | ▲ | 6.91% | +2.46 | 4.45% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.35 | 2.87% |
| Efficiency Ratio (%) | ▲ | 72.03% | -9.10 | 81.14% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.33 | $0 |
| Cost of Funds (%) | ▲ | 1.56% | -0.56 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $364 | +20.19 | $344 |
| Gross Loans ($M) | ▼ | $195 | -28.99 | $224 |
| Loan Growth YoY (%) | ▼ | 58.69% | -12.97 | 71.65% |
| Total Deposits ($M) | ▲ | $328 | +18.81 | $309 |
| Shareholders Equity ($M) | ▲ | $36 | +1.55 | $35 |
| Tang. Book Value ($M) | ▲ | $36 | +1.55 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +2.29 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 58.69% | -12.97 | 71.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.05 | 0.11% |
| Allowance / Loans (%) | — | 1.53% | 0.20% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.19 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.36% | +1.90 | 15.47% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.64% | 2.63% | 2.60% | 2.87% | 2.95% | 3.01% | 3.07% | 3.23% |
| ▁▁▃▄▆▆▆█ | Return on Assets (%) | 0.17% | 0.15% | 0.33% | 0.42% | 0.50% | 0.53% | 0.52% | 0.70% |
| ███▄▃▃▃▁ | Efficiency Ratio (%) | 91.0% | 92.5% | 91.8% | 81.1% | 79.1% | 78.6% | 77.6% | 72.0% |
| ██▆▅▄▄▁▁ | Cost of Funds (%) | 2.45% | 2.49% | 2.18% | 2.12% | 1.96% | 1.92% | 1.67% | 1.56% |
| ▇██▃▁▁▃▅ | NPA / Assets (%) | 0.20% | 0.23% | 0.24% | 0.11% | 0.06% | 0.06% | 0.11% | 0.15% |
| ███▁▁▁▅█ | Net Charge-Off Ratio (%) | 0.19% | 0.17% | 0.18% | 0.00% | 0.00% | 0.00% | 0.10% | 0.19% |
| ▁▄▃▅▇███ | Tang. Book Value ($M) | $32 | $34 | $33 | $35 | $35 | $36 | $36 | $36 |
| ██▅▄▄▂▁▁ | Gross Loans ($M) | $259 | $257 | $235 | $224 | $220 | $207 | $198 | $195 |
| ▆▅█▃▄▁▃▇ | Total Deposits ($M) | $325 | $317 | $338 | $309 | $312 | $295 | $308 | $328 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 14% |
| Agricultural | 12% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 30% |