Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +3.26 | -1.85% |
| Return on Equity (%) | ▲ | 9.89% | +23.68 | -13.79% |
| Net Interest Margin (%) | ▼ | 3.32% | -0.94 | 4.27% |
| Efficiency Ratio (%) | ▲ | 58.20% | -0.66 | 58.87% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.15 | $1 |
| Cost of Funds (%) | ▲ | 0.51% | -0.03 | 0.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $189 | +3.15 | $186 |
| Gross Loans ($M) | ▼ | $43 | -12.56 | $56 |
| Loan Growth YoY (%) | ▼ | 26.49% | -8.05 | 34.54% |
| Total Deposits ($M) | ▲ | $161 | +1.61 | $159 |
| Shareholders Equity ($M) | ▲ | $27 | +1.63 | $26 |
| Tang. Book Value ($M) | ▲ | $25 | +1.63 | $24 |
| TBV excl. AOCI ($M)** | ▼ | $28 | -0.57 | $28 |
| Loan / Deposit Ratio (%) | ▼ | 26.49% | -8.05 | 34.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.36% | +1.36 | 0.00% |
| Allowance / Loans (%) | — | 1.27% | -0.01% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 5.98% | +5.97 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 42.20% | +7.12 | 35.08% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂█▇▆▆▄ | Net Interest Margin (%) | 2.73% | 2.90% | 3.10% | 4.27% | 3.90% | 3.80% | 3.83% | 3.32% |
| █▅▅▁▁▂▃▄ | Return on Assets (%) | 5.24% | 1.96% | 2.09% | -1.85% | -1.33% | -0.43% | 0.05% | 1.41% |
| ▁▂▃█████ | Efficiency Ratio (%) | 27.1% | 33.3% | 37.0% | 58.9% | 58.7% | 60.0% | 57.7% | 58.2% |
| ██▄▁▂▂▂▁ | Cost of Funds (%) | 0.92% | 0.91% | 0.69% | 0.54% | 0.60% | 0.61% | 0.59% | 0.51% |
| ▁▁▁▁▁▃▃█ | NPA / Assets (%) | 0.09% | 0.08% | 0.00% | 0.00% | 0.03% | 0.49% | 0.47% | 1.36% |
| ▁▁▁▁▁▃▃█ | Net Charge-Off Ratio (%) | 0.29% | 0.28% | 0.01% | 0.01% | 0.08% | 1.70% | 1.88% | 5.98% |
| ▁▅▄▆▅▆██ | Tang. Book Value ($M) | $19 | $22 | $22 | $24 | $23 | $23 | $25 | $25 |
| █████▇▄▁ | Gross Loans ($M) | $56 | $55 | $55 | $56 | $56 | $54 | $48 | $43 |
| ▃█▇▅▁▅█▆ | Total Deposits ($M) | $156 | $165 | $162 | $159 | $152 | $159 | $165 | $161 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 26% |
| Agricultural | 11% |
| Consumer | 4% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 3% |