Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.21% | -1.42 | 1.21% |
| Return on Equity (%) | ▼ | -2.20% | -15.09 | 12.89% |
| Net Interest Margin (%) | ▲ | 5.03% | +0.58 | 4.45% |
| Efficiency Ratio (%) | ▲ | 61.50% | -3.67 | 65.18% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $2 |
| Cost of Funds (%) | ▲ | 1.47% | -0.11 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $457 | -1.89 | $459 |
| Gross Loans ($M) | ▼ | $355 | -13.71 | $369 |
| Loan Growth YoY (%) | ▼ | 88.67% | -3.15 | 91.82% |
| Total Deposits ($M) | ▼ | $397 | -0.74 | $397 |
| Shareholders Equity ($M) | ▼ | $43 | -0.71 | $44 |
| Tang. Book Value ($M) | ▼ | $40 | -0.60 | $40 |
| TBV excl. AOCI ($M)** | ▼ | $41 | -0.95 | $42 |
| Loan / Deposit Ratio (%) | ▼ | 88.67% | -3.15 | 91.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.11% | +0.17 | 1.95% |
| Allowance / Loans (%) | — | 1.06% | -0.11% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 2.43% | +0.08 | 2.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.50% | +0.17 | 10.33% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▄▁▂▃▄█ | Net Interest Margin (%) | 4.57% | 4.61% | 4.74% | 4.45% | 4.55% | 4.63% | 4.71% | 5.03% |
| ███▆▃▄▄▁ | Return on Assets (%) | 1.56% | 1.62% | 1.75% | 1.21% | 0.32% | 0.72% | 0.77% | -0.21% |
| ▄▃▁█▅▅▃▄ | Efficiency Ratio (%) | 61.6% | 60.4% | 58.7% | 65.2% | 62.3% | 62.4% | 61.1% | 61.5% |
| ▁█▇▇█▇▅▄ | Cost of Funds (%) | 1.34% | 1.64% | 1.61% | 1.58% | 1.66% | 1.62% | 1.53% | 1.47% |
| ▃▁▃▃▆█▆▃ | NPA / Assets (%) | 1.81% | 1.18% | 1.86% | 1.95% | 2.97% | 3.69% | 2.83% | 2.11% |
| ▃▁▃▃▆█▆▄ | Net Charge-Off Ratio (%) | 2.26% | 1.38% | 2.23% | 2.35% | 3.42% | 4.10% | 3.22% | 2.43% |
| ▁▅▇█▇███ | Tang. Book Value ($M) | $31 | $37 | $39 | $40 | $38 | $39 | $40 | $40 |
| ▁▅█▇██▇▂ | Gross Loans ($M) | $350 | $364 | $375 | $369 | $374 | $374 | $370 | $355 |
| ▃▁█▆▂▅█▆ | Total Deposits ($M) | $389 | $383 | $402 | $397 | $386 | $395 | $404 | $397 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 16% |
| Agricultural | 11% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 16% |