Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.01% | -0.02 | 1.04% |
| Return on Equity (%) | ▼ | 16.09% | -2.28 | 18.37% |
| Net Interest Margin (%) | ▼ | 3.73% | -0.27 | 4.00% |
| Efficiency Ratio (%) | ▼ | 67.94% | +6.48 | 61.46% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.25 | $1 |
| Cost of Funds (%) | ▲ | 1.70% | -0.07 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $351 | +2.05 | $349 |
| Gross Loans ($M) | ▼ | $202 | -3.70 | $206 |
| Loan Growth YoY (%) | ▼ | 61.69% | -1.34 | 63.03% |
| Total Deposits ($M) | ▲ | $323 | +0.26 | $323 |
| Shareholders Equity ($M) | ▲ | $22 | +2.59 | $20 |
| Tang. Book Value ($M) | ▲ | $22 | +2.59 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +2.50 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 61.69% | -1.34 | 63.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.29% | +1.00 | 2.29% |
| Allowance / Loans (%) | — | 1.47% | 0.25% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 5.71% | +1.82 | 3.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.47% | +0.58 | 11.89% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆█▇██▁ | Net Interest Margin (%) | 3.72% | 3.79% | 3.90% | 4.00% | 3.93% | 3.97% | 3.97% | 3.73% |
| ████▁▄▅█ | Return on Assets (%) | 1.08% | 1.14% | 1.09% | 1.04% | -0.13% | 0.49% | 0.65% | 1.01% |
| ▆▄▃▁▃▁▂█ | Efficiency Ratio (%) | 65.6% | 64.3% | 63.2% | 61.5% | 63.4% | 61.6% | 62.4% | 67.9% |
| ▇██▃▆▆▃▁ | Cost of Funds (%) | 1.92% | 1.98% | 1.95% | 1.77% | 1.89% | 1.89% | 1.79% | 1.70% |
| ▁▁▁▅███▇ | NPA / Assets (%) | 0.33% | 0.31% | 0.31% | 2.29% | 3.91% | 3.51% | 3.57% | 3.29% |
| ▁▁▁▅█▇█▇ | Net Charge-Off Ratio (%) | 0.60% | 0.53% | 0.51% | 3.89% | 6.48% | 5.63% | 5.96% | 5.71% |
| ▁▆▃▄▂▆██ | Tang. Book Value ($M) | $17 | $21 | $18 | $20 | $18 | $21 | $22 | $22 |
| ▁▂▄▇▇█▇▅ | Gross Loans ($M) | $186 | $193 | $199 | $206 | $208 | $212 | $209 | $202 |
| ▄▁▁█▇▅██ | Total Deposits ($M) | $311 | $302 | $300 | $323 | $320 | $314 | $321 | $323 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 21% |
| Agricultural | 2% |
| Consumer | 13% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 38% |
| Brokered / Other | 24% |