Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.66% | -0.52 | 1.19% |
| Return on Equity (%) | ▼ | 6.85% | -5.76 | 12.61% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.01 | 4.17% |
| Efficiency Ratio (%) | ▼ | 78.07% | +8.29 | 69.78% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.44 | $1 |
| Cost of Funds (%) | ▼ | 1.03% | +0.02 | 1.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $400 | +15.12 | $385 |
| Gross Loans ($M) | ▲ | $340 | +19.20 | $320 |
| Loan Growth YoY (%) | ▲ | 93.65% | +2.24 | 91.41% |
| Total Deposits ($M) | ▲ | $358 | +12.03 | $346 |
| Shareholders Equity ($M) | ▲ | $39 | +2.77 | $37 |
| Tang. Book Value ($M) | ▲ | $39 | +2.77 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +2.76 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 93.65% | +2.24 | 91.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.46% | -0.84 | 1.30% |
| Allowance / Loans (%) | — | 1.24% | -0.02% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.54% | -1.02 | 1.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.26% | +0.30 | 12.96% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▄▇█▇▅ | Net Interest Margin (%) | 4.15% | 4.13% | 4.13% | 4.17% | 4.21% | 4.23% | 4.21% | 4.18% |
| ▃▂▂█▅▄▄▁ | Return on Assets (%) | 0.80% | 0.79% | 0.78% | 1.19% | 0.98% | 0.91% | 0.86% | 0.66% |
| ▆▆▆▁▃▄▄█ | Efficiency Ratio (%) | 75.1% | 75.0% | 75.0% | 69.8% | 72.0% | 73.0% | 73.8% | 78.1% |
| ▁█▅▁▇██▂ | Cost of Funds (%) | 0.99% | 1.16% | 1.10% | 1.01% | 1.14% | 1.15% | 1.17% | 1.03% |
| ▂▂▂█▁▁▁▃ | NPA / Assets (%) | 0.34% | 0.34% | 0.31% | 1.30% | 0.13% | 0.12% | 0.17% | 0.46% |
| ▁▁▁█▁▁▂▃ | Net Charge-Off Ratio (%) | 0.01% | 0.02% | 0.02% | 1.56% | 0.16% | 0.15% | 0.21% | 0.54% |
| ▁▃▃▅▆▇██ | Tang. Book Value ($M) | $34 | $35 | $35 | $37 | $37 | $38 | $39 | $39 |
| ▁▁▃▅▅▅▆█ | Gross Loans ($M) | $300 | $301 | $314 | $320 | $322 | $323 | $327 | $340 |
| ▂▁▁▁▇██▅ | Total Deposits ($M) | $347 | $344 | $344 | $346 | $365 | $369 | $368 | $358 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 8% |