Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.02 | 1.34% |
| Return on Equity (%) | ▼ | 16.62% | -6.34 | 22.96% |
| Net Interest Margin (%) | ▲ | 3.10% | +0.36 | 2.74% |
| Efficiency Ratio (%) | ▼ | 57.81% | +1.67 | 56.14% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.01 | $2 |
| Cost of Funds (%) | ▲ | 1.79% | -0.29 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $438 | -4.30 | $443 |
| Gross Loans ($M) | ▼ | $249 | -6.83 | $256 |
| Loan Growth YoY (%) | ▼ | 66.21% | -0.43 | 66.64% |
| Total Deposits ($M) | ▼ | $370 | -7.99 | $378 |
| Shareholders Equity ($M) | ▲ | $35 | +8.75 | $26 |
| Tang. Book Value ($M) | ▲ | $32 | +8.75 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +8.38 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 66.21% | -0.43 | 66.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.03 | 0.15% |
| Allowance / Loans (%) | — | 1.67% | 0.08% | 1.59% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.05 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 2.60% | 2.59% | 2.61% | 2.74% | 2.88% | 2.94% | 2.99% | 3.10% |
| ▁▁▁██▇██ | Return on Assets (%) | 1.08% | 1.07% | 1.08% | 1.34% | 1.35% | 1.31% | 1.35% | 1.36% |
| ▇██▁▂▅▅▃ | Efficiency Ratio (%) | 61.5% | 62.1% | 62.6% | 56.1% | 57.4% | 59.4% | 59.4% | 57.8% |
| ▆██▅▅▅▃▁ | Cost of Funds (%) | 2.13% | 2.31% | 2.33% | 2.08% | 2.12% | 2.13% | 1.96% | 1.79% |
| ▄▁▁▄▃▃▇█ | NPA / Assets (%) | 0.15% | 0.13% | 0.13% | 0.15% | 0.15% | 0.14% | 0.17% | 0.18% |
| ▄▁▁▄▂▂▆█ | Net Charge-Off Ratio (%) | 0.26% | 0.23% | 0.22% | 0.26% | 0.24% | 0.24% | 0.28% | 0.31% |
| ▁▅▁▂▂▆██ | Tang. Book Value ($M) | $22 | $28 | $22 | $23 | $24 | $29 | $32 | $32 |
| ▁▇█▄▅▄▃▁ | Gross Loans ($M) | $248 | $264 | $267 | $256 | $259 | $255 | $254 | $249 |
| ▁▁▃█▅▃▂▇ | Total Deposits ($M) | $346 | $343 | $356 | $378 | $361 | $355 | $349 | $370 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 10% |
| Agricultural | 22% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 8% |