Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.89% | -0.15 | 1.03% |
| Return on Equity (%) | ▼ | 9.11% | -2.21 | 11.32% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.10 | 3.35% |
| Efficiency Ratio (%) | ▲ | 71.08% | -0.68 | 71.76% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.12 | $2 |
| Cost of Funds (%) | ▲ | 1.48% | -0.05 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $672 | +27.91 | $644 |
| Gross Loans ($M) | ▼ | $363 | -4.91 | $368 |
| Loan Growth YoY (%) | ▼ | 60.76% | -3.67 | 64.44% |
| Total Deposits ($M) | ▲ | $592 | +26.50 | $565 |
| Shareholders Equity ($M) | ▲ | $64 | +4.50 | $60 |
| Tang. Book Value ($M) | ▲ | $63 | +4.50 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +4.17 | $69 |
| Loan / Deposit Ratio (%) | ▼ | 60.76% | -3.67 | 64.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.99% | -0.31 | 2.30% |
| Allowance / Loans (%) | — | 1.07% | -0.06% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 2.17% | -0.91 | 3.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇████ | Net Interest Margin (%) | 2.95% | 3.02% | 3.08% | 3.35% | 3.43% | 3.45% | 3.45% | 3.45% |
| ▁▃▄▆██▆▂ | Return on Assets (%) | 0.81% | 0.92% | 0.94% | 1.03% | 1.14% | 1.12% | 1.05% | 0.89% |
| █▅▄▂▁▂▄▁ | Efficiency Ratio (%) | 74.8% | 72.9% | 72.8% | 71.8% | 70.9% | 71.6% | 72.6% | 71.1% |
| ██▆▂▂▁▁▁ | Cost of Funds (%) | 1.77% | 1.77% | 1.69% | 1.54% | 1.52% | 1.50% | 1.47% | 1.48% |
| ▁▁▁██▆▄▃ | NPA / Assets (%) | 1.90% | 1.85% | 1.88% | 2.30% | 2.31% | 2.18% | 2.06% | 1.99% |
| █▇▁█▃▃▁▁ | Net Charge-Off Ratio (%) | 3.02% | 2.91% | 2.24% | 3.08% | 2.49% | 2.42% | 2.13% | 2.17% |
| ▁▅▁▄▄███ | Tang. Book Value ($M) | $55 | $60 | $56 | $58 | $58 | $62 | $63 | $63 |
| ██▆▅▇▁▅▃ | Gross Loans ($M) | $375 | $376 | $369 | $368 | $371 | $356 | $368 | $363 |
| ▁▁▃▃▁▂▄█ | Total Deposits ($M) | $553 | $555 | $565 | $565 | $556 | $561 | $569 | $592 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 13% |