Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.04% | -0.38 | 0.42% |
| Return on Equity (%) | ▼ | 0.51% | -3.94 | 4.45% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.24 | 3.67% |
| Efficiency Ratio (%) | ▼ | 93.38% | +5.93 | 87.44% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.36 | $1 |
| Cost of Funds (%) | ▲ | 1.83% | -0.26 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $588 | -49.08 | $637 |
| Gross Loans ($M) | ▼ | $445 | -38.64 | $484 |
| Loan Growth YoY (%) | ▼ | 83.38% | -3.40 | 86.77% |
| Total Deposits ($M) | ▼ | $517 | -33.83 | $551 |
| Shareholders Equity ($M) | ▼ | $52 | -6.97 | $59 |
| Tang. Book Value ($M) | ▼ | $50 | -6.79 | $57 |
| TBV excl. AOCI ($M)** | ▼ | $53 | -6.66 | $60 |
| Loan / Deposit Ratio (%) | ▼ | 83.38% | -3.40 | 86.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 6.07% | +2.30 | 3.78% |
| Allowance / Loans (%) | — | 3.18% | 1.96% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 8.02% | +3.05 | 4.97% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.90% | -0.45 | 12.35% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆█▁▇█▇█ | Net Interest Margin (%) | 3.82% | 3.85% | 3.90% | 3.67% | 3.86% | 3.90% | 3.87% | 3.92% |
| ███▆▂▃▁▅ | Return on Assets (%) | 1.12% | 1.00% | 0.97% | 0.42% | -0.59% | -0.25% | -1.06% | 0.04% |
| ▁▁▂▆▄▄▅█ | Efficiency Ratio (%) | 72.5% | 73.9% | 75.4% | 87.4% | 81.4% | 81.4% | 83.1% | 93.4% |
| ████▄▃▁▁ | Cost of Funds (%) | 2.10% | 2.12% | 2.12% | 2.10% | 1.96% | 1.92% | 1.82% | 1.83% |
| ▂▁▁▂▆█▇█ | NPA / Assets (%) | 3.59% | 3.24% | 3.20% | 3.78% | 5.07% | 5.81% | 5.66% | 6.07% |
| ▁▁▁▂▆▇▇█ | Net Charge-Off Ratio (%) | 4.33% | 3.99% | 4.13% | 4.97% | 6.55% | 7.46% | 7.35% | 8.02% |
| ▇██▆▄▅▁▁ | Tang. Book Value ($M) | $57 | $59 | $59 | $57 | $55 | $56 | $50 | $50 |
| ██▆▅▅▃▃▁ | Gross Loans ($M) | $519 | $513 | $493 | $484 | $483 | $472 | $471 | $445 |
| ▄▆▇█▇▃▆▁ | Total Deposits ($M) | $530 | $541 | $543 | $551 | $546 | $527 | $538 | $517 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 7% |
| Agricultural | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 9% |