Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.79 | 0.31% |
| Return on Equity (%) | ▲ | 12.76% | +8.06 | 4.70% |
| Net Interest Margin (%) | ▲ | 3.51% | +0.64 | 2.87% |
| Efficiency Ratio (%) | ▲ | 70.63% | -16.62 | 87.25% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.78 | $0 |
| Cost of Funds (%) | ▲ | 1.81% | -0.40 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $447 | -21.39 | $469 |
| Gross Loans ($M) | ▲ | $270 | +6.18 | $264 |
| Loan Growth YoY (%) | ▼ | 65.56% | -3.50 | 69.05% |
| Total Deposits ($M) | ▲ | $407 | +29.28 | $378 |
| Shareholders Equity ($M) | ▲ | $39 | +7.63 | $31 |
| Tang. Book Value ($M) | ▲ | $39 | +7.63 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +6.14 | $39 |
| Loan / Deposit Ratio (%) | ▼ | 65.56% | -3.50 | 69.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.23% | -0.25 | 1.47% |
| Allowance / Loans (%) | — | 1.09% | 0.05% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 2.00% | -0.19 | 2.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.67% | 2.66% | 2.70% | 2.87% | 2.99% | 3.15% | 3.23% | 3.51% |
| ▂▂▂▁▄▆▆█ | Return on Assets (%) | 0.47% | 0.50% | 0.51% | 0.31% | 0.64% | 0.83% | 0.88% | 1.10% |
| ▆▅▅█▆▃▃▁ | Efficiency Ratio (%) | 82.5% | 80.8% | 79.3% | 87.2% | 83.0% | 76.8% | 75.2% | 70.6% |
| ███▇▇▇▄▁ | Cost of Funds (%) | 2.29% | 2.34% | 2.29% | 2.22% | 2.21% | 2.21% | 2.03% | 1.81% |
| ▁▂▄█▄▁▇▆ | NPA / Assets (%) | 0.73% | 0.83% | 1.03% | 1.47% | 1.03% | 0.81% | 1.33% | 1.23% |
| ▁▂▄█▆▃█▇ | Net Charge-Off Ratio (%) | 0.81% | 1.08% | 1.40% | 2.19% | 1.70% | 1.29% | 2.14% | 2.00% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $27 | $32 | $30 | $31 | $32 | $36 | $38 | $39 |
| ▁▃▅▆▇██▇ | Gross Loans ($M) | $238 | $248 | $260 | $264 | $269 | $274 | $276 | $270 |
| ▁▃▃▄▄▅██ | Total Deposits ($M) | $351 | $369 | $373 | $378 | $376 | $383 | $410 | $407 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 7% |
| Agricultural | 13% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 9% |