Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.56% | +0.16 | 0.40% |
| Return on Equity (%) | ▲ | 6.07% | +1.27 | 4.80% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.45 | 3.37% |
| Efficiency Ratio (%) | ▲ | 77.50% | -8.70 | 86.20% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.34 | $0 |
| Cost of Funds (%) | ▲ | 1.42% | -0.01 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $317 | -2.67 | $319 |
| Gross Loans ($M) | ▼ | $173 | -5.25 | $178 |
| Loan Growth YoY (%) | ▼ | 59.61% | -1.32 | 60.93% |
| Total Deposits ($M) | ▼ | $286 | -3.40 | $289 |
| Shareholders Equity ($M) | ▲ | $29 | +2.80 | $26 |
| Tang. Book Value ($M) | ▲ | $28 | +2.92 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +3.35 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 59.61% | -1.32 | 60.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.95% | +0.86 | 0.08% |
| Allowance / Loans (%) | — | 1.63% | 0.38% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 1.73% | +1.58 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▆█ | Net Interest Margin (%) | 3.21% | 3.28% | 3.36% | 3.37% | 3.46% | 3.49% | 3.62% | 3.82% |
| █████▁▃█ | Return on Assets (%) | 0.51% | 0.55% | 0.54% | 0.40% | 0.47% | -2.72% | -1.85% | 0.56% |
| ▅▄▄█▇▅▃▁ | Efficiency Ratio (%) | 82.2% | 81.0% | 81.5% | 86.2% | 84.5% | 82.9% | 80.2% | 77.5% |
| █▆▃▁▅▄▅▁ | Cost of Funds (%) | 1.80% | 1.68% | 1.52% | 1.43% | 1.66% | 1.61% | 1.64% | 1.42% |
| ▁▁▁▁▁███ | NPA / Assets (%) | 0.13% | 0.08% | 0.11% | 0.08% | 0.08% | 0.89% | 1.00% | 0.95% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.20% | 0.14% | 0.18% | 0.15% | 0.14% | 1.64% | 1.78% | 1.73% |
| ▁▅▁▄▄▇██ | Tang. Book Value ($M) | $23 | $26 | $24 | $25 | $25 | $27 | $28 | $28 |
| █▆▅▅▆▄▁▁ | Gross Loans ($M) | $184 | $180 | $179 | $178 | $181 | $178 | $174 | $173 |
| ▁▄▂▇▅█▅▆ | Total Deposits ($M) | $257 | $274 | $265 | $289 | $279 | $298 | $278 | $286 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 12% |