Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.66% | -0.44 | 2.09% |
| Return on Equity (%) | ▼ | 25.09% | -11.14 | 36.23% |
| Net Interest Margin (%) | ▼ | 3.99% | -0.15 | 4.14% |
| Efficiency Ratio (%) | ▼ | 58.08% | +3.45 | 54.62% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.16 | $1 |
| Cost of Funds (%) | ▲ | 1.57% | -0.15 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $291 | -3.59 | $295 |
| Gross Loans ($M) | ▼ | $168 | -2.48 | $171 |
| Loan Growth YoY (%) | ▲ | 61.24% | +0.24 | 61.00% |
| Total Deposits ($M) | ▼ | $270 | -4.38 | $275 |
| Shareholders Equity ($M) | ▲ | $19 | +0.83 | $18 |
| Tang. Book Value ($M) | ▲ | $19 | +0.83 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +0.62 | $22 |
| Loan / Deposit Ratio (%) | ▲ | 61.24% | +0.24 | 61.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.97% | +3.30 | 0.67% |
| Allowance / Loans (%) | — | 1.49% | -0.24% | 1.74% |
| Net Charge-Off Ratio (%) | ▼ | 6.46% | +5.30 | 1.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▅▄█▅▅▁ | Net Interest Margin (%) | 4.12% | 4.16% | 4.16% | 4.14% | 4.30% | 4.17% | 4.17% | 3.99% |
| ▅▅▅▇█▅▅▁ | Return on Assets (%) | 1.94% | 1.94% | 1.91% | 2.09% | 2.16% | 1.97% | 1.92% | 1.66% |
| ▂▂▃▄▁▄▄█ | Efficiency Ratio (%) | 53.2% | 53.0% | 53.6% | 54.6% | 52.1% | 54.3% | 55.0% | 58.1% |
| ▇█▅▃▃▃▃▁ | Cost of Funds (%) | 2.02% | 2.11% | 1.89% | 1.72% | 1.71% | 1.75% | 1.73% | 1.57% |
| ▃▃▁▁▁▇██ | NPA / Assets (%) | 1.53% | 1.50% | 0.79% | 0.67% | 0.69% | 3.50% | 3.72% | 3.97% |
| ▃▃▁▁▁███ | Net Charge-Off Ratio (%) | 2.52% | 2.45% | 1.32% | 1.16% | 0.74% | 5.95% | 6.02% | 6.46% |
| ▄█▁▅▅▇▇▇ | Tang. Book Value ($M) | $18 | $20 | $16 | $18 | $18 | $20 | $19 | $19 |
| ▂▃▂▂█▂▁▁ | Gross Loans ($M) | $171 | $173 | $171 | $171 | $185 | $171 | $168 | $168 |
| ▅▄▃▂▅█▁▁ | Total Deposits ($M) | $281 | $278 | $276 | $275 | $281 | $290 | $271 | $270 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 10% |
| Agricultural | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 26% |