Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.89 | 0.78% |
| Return on Equity (%) | ▲ | 15.77% | +8.98 | 6.79% |
| Net Interest Margin (%) | ▲ | 4.39% | +0.79 | 3.60% |
| Efficiency Ratio (%) | ▲ | 42.65% | -5.47 | 48.12% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.32 | $4 |
| Cost of Funds (%) | ▲ | 2.28% | -0.27 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $787 | +24.83 | $762 |
| Gross Loans ($M) | ▲ | $655 | +39.68 | $615 |
| Loan Growth YoY (%) | ▲ | 98.31% | +3.99 | 94.33% |
| Total Deposits ($M) | ▲ | $641 | +1.03 | $640 |
| Shareholders Equity ($M) | ▼ | $89 | -3.21 | $92 |
| Tang. Book Value ($M) | ▼ | $89 | -3.21 | $92 |
| TBV excl. AOCI ($M)** | ▼ | $90 | -3.76 | $94 |
| Loan / Deposit Ratio (%) | ▲ | 98.31% | +3.99 | 94.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 6.08% | +3.22 | 2.86% |
| Allowance / Loans (%) | — | 3.71% | 1.90% | 1.81% |
| Net Charge-Off Ratio (%) | ▼ | 5.24% | +1.69 | 3.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆▅▁▅▅▅█ | Net Interest Margin (%) | 4.14% | 4.10% | 4.04% | 3.60% | 4.00% | 4.06% | 4.05% | 4.39% |
| ██▇▅▆▂▁█ | Return on Assets (%) | 1.88% | 1.73% | 1.44% | 0.78% | 0.96% | 0.00% | -0.60% | 1.67% |
| ▁▂▂█▃▄▃▂ | Efficiency Ratio (%) | 41.0% | 42.1% | 42.0% | 48.1% | 42.9% | 43.8% | 43.1% | 42.7% |
| ▄█▃▄▂▂▁▁ | Cost of Funds (%) | 2.52% | 2.85% | 2.42% | 2.55% | 2.38% | 2.37% | 2.28% | 2.28% |
| ▁▁▂▂▆▄▆█ | NPA / Assets (%) | 2.26% | 2.68% | 2.76% | 2.86% | 4.88% | 3.88% | 5.07% | 6.08% |
| ▁▂▃▃▆▂██ | Net Charge-Off Ratio (%) | 2.76% | 3.17% | 3.59% | 3.55% | 4.57% | 3.35% | 5.31% | 5.24% |
| ▂▄▅▇█▅▁▄ | Tang. Book Value ($M) | $87 | $90 | $90 | $92 | $94 | $90 | $85 | $89 |
| ▁▁▄▂▃▅██ | Gross Loans ($M) | $608 | $611 | $626 | $615 | $623 | $633 | $651 | $655 |
| ▁▁▇▂▁▄█▂ | Total Deposits ($M) | $626 | $619 | $703 | $640 | $613 | $662 | $731 | $641 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 32% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 24% |