Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -2.24% | -2.74 | 0.51% |
| Return on Equity (%) | ▼ | -44.07% | -55.42 | 11.35% |
| Net Interest Margin (%) | ▼ | 1.40% | -0.72 | 2.12% |
| Efficiency Ratio (%) | ▼ | 104.37% | +34.60 | 69.77% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.72 | $1 |
| Cost of Funds (%) | ▼ | 3.63% | +0.70 | 2.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $371 | -34.83 | $406 |
| Gross Loans ($M) | ▲ | $82 | +2.39 | $79 |
| Loan Growth YoY (%) | ▲ | 24.34% | +0.51 | 23.83% |
| Total Deposits ($M) | ▲ | $334 | +2.90 | $331 |
| Shareholders Equity ($M) | ▲ | $19 | +1.02 | $18 |
| Tang. Book Value ($M) | ▲ | $19 | +1.02 | $18 |
| TBV excl. AOCI ($M)** | ▼ | $33 | -0.51 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 24.34% | +0.51 | 23.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.80% | -0.02% | 0.82% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.36% | -0.92 | 20.28% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▅▅▅▅▁ | Net Interest Margin (%) | 2.56% | 2.51% | 2.43% | 2.12% | 2.07% | 2.03% | 1.99% | 1.40% |
| ████▇▇▇▁ | Return on Assets (%) | 0.87% | 0.84% | 0.66% | 0.51% | 0.47% | 0.45% | 0.35% | -2.24% |
| ▁▁▂▃▃▃▄█ | Efficiency Ratio (%) | 54.8% | 55.8% | 61.1% | 69.8% | 71.3% | 72.4% | 73.8% | 104.4% |
| ▁▅▃▂▃▄▄█ | Cost of Funds (%) | 2.81% | 3.29% | 3.06% | 2.92% | 3.09% | 3.14% | 3.14% | 3.63% |
| █▆▅▃▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▆▄▃▁▁▁▁ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▁▄▂██▇ | Tang. Book Value ($M) | $17 | $19 | $17 | $18 | $17 | $20 | $20 | $19 |
| ▁▁▄▃▆▂█▆ | Gross Loans ($M) | $78 | $78 | $81 | $79 | $82 | $79 | $84 | $82 |
| █▅▁▁▂▄▂▂ | Total Deposits ($M) | $355 | $344 | $329 | $331 | $336 | $340 | $334 | $334 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 11% |
| Agricultural | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 30% |