Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | — | 0.65% | 0.00 | 0.65% |
| Return on Equity (%) | ▼ | 8.51% | -0.05 | 8.56% |
| Net Interest Margin (%) | ▲ | 4.86% | +0.70 | 4.16% |
| Efficiency Ratio (%) | ▲ | 84.20% | -0.50 | 84.70% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.22 | $1 |
| Cost of Funds (%) | ▲ | 1.63% | -0.06 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $705 | +21.53 | $683 |
| Gross Loans ($M) | ▲ | $512 | +83.57 | $429 |
| Loan Growth YoY (%) | ▲ | 81.46% | +13.65 | 67.81% |
| Total Deposits ($M) | ▼ | $624 | -1.67 | $625 |
| Shareholders Equity ($M) | ▲ | $53 | +4.49 | $48 |
| Tang. Book Value ($M) | ▲ | $53 | +4.49 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +4.71 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 81.46% | +13.65 | 67.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.31% | +2.37 | 0.94% |
| Allowance / Loans (%) | — | 0.86% | -0.27% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 3.26% | +1.85 | 1.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.54% | -1.39 | 11.92% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▅▁▁▁▃█ | Net Interest Margin (%) | 4.53% | 4.56% | 4.56% | 4.16% | 4.17% | 4.25% | 4.38% | 4.86% |
| ██▇▁▁▄▄▁ | Return on Assets (%) | 1.10% | 1.13% | 1.06% | 0.65% | 0.68% | 0.89% | 0.87% | 0.65% |
| ▁▁▂██▄▅█ | Efficiency Ratio (%) | 76.7% | 76.1% | 77.5% | 84.7% | 83.8% | 80.2% | 80.8% | 84.2% |
| ▁▃▃▄██▆▃ | Cost of Funds (%) | 1.45% | 1.64% | 1.64% | 1.69% | 2.00% | 1.97% | 1.83% | 1.63% |
| ▁▁▂▂▄▄▅█ | NPA / Assets (%) | 0.58% | 0.72% | 0.99% | 0.94% | 1.77% | 1.71% | 2.04% | 3.31% |
| ▁▁▂▂▄▄▃█ | Net Charge-Off Ratio (%) | 0.85% | 1.08% | 1.43% | 1.42% | 2.02% | 1.81% | 1.57% | 3.26% |
| ▁█▃▁▂▆██ | Tang. Book Value ($M) | $48 | $52 | $50 | $48 | $49 | $51 | $53 | $53 |
| ▁▁▂▂▂▃▅█ | Gross Loans ($M) | $415 | $420 | $428 | $429 | $436 | $446 | $465 | $512 |
| ▁▁▃███▇█ | Total Deposits ($M) | $528 | $541 | $558 | $625 | $636 | $628 | $622 | $624 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 20% |