Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.44% | +0.35 | 0.09% |
| Return on Equity (%) | ▲ | 4.94% | +3.87 | 1.07% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.49 | 2.65% |
| Efficiency Ratio (%) | ▲ | 83.37% | -14.42 | 97.79% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.29 | $0 |
| Cost of Funds (%) | ▲ | 1.48% | -0.24 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $249 | +10.72 | $239 |
| Gross Loans ($M) | ▲ | $97 | +10.46 | $87 |
| Loan Growth YoY (%) | ▲ | 42.76% | +3.11 | 39.65% |
| Total Deposits ($M) | ▲ | $226 | +8.67 | $218 |
| Shareholders Equity ($M) | ▲ | $22 | +2.35 | $19 |
| Tang. Book Value ($M) | ▲ | $22 | +2.35 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +2.43 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 42.76% | +3.11 | 39.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.05 | 0.24% |
| Allowance / Loans (%) | — | 0.71% | -0.08% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.53% | -0.14 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 21.23% | -0.45 | 21.68% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 2.36% | 2.41% | 2.45% | 2.65% | 2.81% | 2.91% | 2.97% | 3.13% |
| ▁▂▃▄▇███ | Return on Assets (%) | -0.23% | -0.07% | 0.02% | 0.09% | 0.31% | 0.45% | 0.48% | 0.44% |
| █▆▆▅▂▁▁▁ | Efficiency Ratio (%) | 113.5% | 105.2% | 102.5% | 97.8% | 88.5% | 83.3% | 81.5% | 83.4% |
| ▇██▆▅▃▂▁ | Cost of Funds (%) | 1.79% | 1.82% | 1.85% | 1.72% | 1.68% | 1.60% | 1.53% | 1.48% |
| ▄▃▂▁█▁▃▃ | NPA / Assets (%) | 0.33% | 0.31% | 0.29% | 0.24% | 0.47% | 0.23% | 0.32% | 0.30% |
| ▅▅▃▂█▁▄▁ | Net Charge-Off Ratio (%) | 0.98% | 0.90% | 0.80% | 0.67% | 1.26% | 0.59% | 0.80% | 0.53% |
| ▁▅▁▄▅▇██ | Tang. Book Value ($M) | $18 | $20 | $18 | $19 | $20 | $21 | $22 | $22 |
| ▁▁▃▅▅▇██ | Gross Loans ($M) | $76 | $78 | $83 | $87 | $89 | $93 | $95 | $97 |
| ▁▁▂▅▄▅▅█ | Total Deposits ($M) | $205 | $205 | $210 | $218 | $215 | $216 | $217 | $226 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 16% |