Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.09 | 1.29% |
| Return on Equity (%) | ▲ | 10.12% | +0.67 | 9.45% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.12 | 4.07% |
| Efficiency Ratio (%) | ▼ | 60.43% | +0.87 | 59.55% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.06 | $2 |
| Cost of Funds (%) | ▲ | 2.06% | -0.18 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $597 | +10.00 | $587 |
| Gross Loans ($M) | ▲ | $436 | +9.05 | $427 |
| Loan Growth YoY (%) | ▼ | 85.27% | -0.79 | 86.07% |
| Total Deposits ($M) | ▲ | $503 | +11.75 | $491 |
| Shareholders Equity ($M) | ▼ | $79 | -1.16 | $80 |
| Tang. Book Value ($M) | ▼ | $75 | -1.09 | $76 |
| TBV excl. AOCI ($M)** | ▼ | $77 | -0.62 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 85.27% | -0.79 | 86.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.05% | +1.64 | 1.41% |
| Allowance / Loans (%) | — | 1.66% | 0.65% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 4.02% | +2.36 | 1.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅█▁▅▇█▄ | Net Interest Margin (%) | 4.21% | 4.22% | 4.28% | 4.07% | 4.19% | 4.26% | 4.31% | 4.18% |
| ▆██▇█▇▁█ | Return on Assets (%) | 1.20% | 1.45% | 1.49% | 1.29% | 1.42% | 1.31% | 0.40% | 1.38% |
| ▃▁▁▇▃▅▄█ | Efficiency Ratio (%) | 57.9% | 56.9% | 56.5% | 59.6% | 57.9% | 58.5% | 58.1% | 60.4% |
| ▇▇█▄▄▄▂▁ | Cost of Funds (%) | 2.40% | 2.41% | 2.47% | 2.24% | 2.26% | 2.21% | 2.11% | 2.06% |
| ▁▁▁▁▂▂█▆ | NPA / Assets (%) | 1.21% | 1.45% | 1.48% | 1.41% | 1.68% | 1.72% | 3.72% | 3.05% |
| ▁▁▁▁▂▂█▇ | Net Charge-Off Ratio (%) | 1.35% | 1.64% | 1.66% | 1.66% | 2.09% | 2.01% | 4.44% | 4.02% |
| ▁▃▃▆██▃▅ | Tang. Book Value ($M) | $70 | $73 | $73 | $76 | $77 | $78 | $73 | $75 |
| █▆▅▁▃▇█▆ | Gross Loans ($M) | $441 | $436 | $435 | $427 | $431 | $438 | $439 | $436 |
| ▁▃▄▆▃▁▁█ | Total Deposits ($M) | $461 | $471 | $477 | $491 | $474 | $462 | $460 | $503 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 23% |