Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.70% | -0.05 | 0.75% |
| Return on Equity (%) | ▼ | 8.41% | -0.76 | 9.17% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.19 | 3.55% |
| Efficiency Ratio (%) | ▼ | 76.18% | +0.21 | 75.97% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.10 | $1 |
| Cost of Funds (%) | ▲ | 2.52% | -0.10 | 2.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $331 | +31.05 | $300 |
| Gross Loans ($M) | ▲ | $245 | +8.34 | $237 |
| Loan Growth YoY (%) | ▼ | 88.71% | -3.39 | 92.10% |
| Total Deposits ($M) | ▲ | $273 | +19.88 | $253 |
| Shareholders Equity ($M) | ▲ | $27 | +2.40 | $25 |
| Tang. Book Value ($M) | ▲ | $26 | +2.43 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +3.96 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 88.71% | -3.39 | 92.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.72 | 0.95% |
| Allowance / Loans (%) | — | 1.24% | -0.35% | 1.59% |
| Net Charge-Off Ratio (%) | ▲ | 0.26% | -0.95 | 1.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇█▇ | Net Interest Margin (%) | 3.36% | 3.34% | 3.38% | 3.55% | 3.64% | 3.74% | 3.81% | 3.74% |
| ▁▂▄██▇██ | Return on Assets (%) | 0.25% | 0.34% | 0.44% | 0.75% | 0.71% | 0.68% | 0.72% | 0.70% |
| █▇▇▃▁▁▁▃ | Efficiency Ratio (%) | 84.9% | 83.2% | 82.3% | 76.0% | 72.5% | 72.4% | 71.9% | 76.2% |
| ▇█▆▃▂▁▂▁ | Cost of Funds (%) | 2.83% | 2.89% | 2.79% | 2.62% | 2.61% | 2.56% | 2.58% | 2.52% |
| █▆▆███▁▁ | NPA / Assets (%) | 1.04% | 0.81% | 0.76% | 0.95% | 0.98% | 1.00% | 0.25% | 0.23% |
| █▆▆███▁▁ | Net Charge-Off Ratio (%) | 1.24% | 1.02% | 0.95% | 1.21% | 1.28% | 1.30% | 0.27% | 0.26% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $22 | $23 | $23 | $24 | $25 | $26 | $27 | $26 |
| ▂▁▄▄▃▇██ | Gross Loans ($M) | $231 | $226 | $234 | $237 | $233 | $243 | $247 | $245 |
| ▁▁▂▄▅▄██ | Total Deposits ($M) | $234 | $237 | $242 | $253 | $257 | $253 | $274 | $273 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 50% |
| C&I / Commercial | 40% |
| Agricultural | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 21% |