Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.89% | -0.10 | 1.00% |
| Return on Equity (%) | ▼ | 9.05% | -2.84 | 11.89% |
| Net Interest Margin (%) | ▲ | 2.92% | +0.23 | 2.70% |
| Efficiency Ratio (%) | ▼ | 58.43% | +1.23 | 57.20% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.01 | $1 |
| Cost of Funds (%) | ▲ | 1.53% | -0.31 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $284 | -14.98 | $299 |
| Gross Loans ($M) | ▼ | $194 | -12.29 | $206 |
| Loan Growth YoY (%) | ▼ | 77.51% | -3.67 | 81.18% |
| Total Deposits ($M) | ▼ | $247 | -4.05 | $251 |
| Shareholders Equity ($M) | ▲ | $28 | +2.04 | $26 |
| Tang. Book Value ($M) | ▲ | $22 | +2.04 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +1.65 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 77.51% | -3.67 | 81.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.19% | +1.74 | 0.45% |
| Allowance / Loans (%) | — | 1.40% | 0.11% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 3.21% | +2.56 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.12% | +0.92 | 11.20% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▅▆▇█ | Net Interest Margin (%) | 2.25% | 2.24% | 2.27% | 2.70% | 2.65% | 2.75% | 2.81% | 2.92% |
| ▂▁▁█▃▅▆▇ | Return on Assets (%) | 0.63% | 0.56% | 0.61% | 1.00% | 0.67% | 0.81% | 0.84% | 0.89% |
| ▆█▇▁▄▂▂▂ | Efficiency Ratio (%) | 63.0% | 65.0% | 63.4% | 57.2% | 60.5% | 58.8% | 59.0% | 58.4% |
| ███▄▄▄▃▁ | Cost of Funds (%) | 2.14% | 2.21% | 2.14% | 1.84% | 1.83% | 1.82% | 1.70% | 1.53% |
| ▁▁▁▁▇▃▃█ | NPA / Assets (%) | 0.45% | 0.55% | 0.54% | 0.45% | 1.86% | 1.05% | 1.02% | 2.19% |
| ▁▁▁▁▇▃▃█ | Net Charge-Off Ratio (%) | 0.68% | 0.82% | 0.79% | 0.65% | 2.70% | 1.53% | 1.50% | 3.21% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $18 | $20 | $19 | $20 | $21 | $22 | $23 | $22 |
| ▄▅█▇▅▄▁▁ | Gross Loans ($M) | $201 | $203 | $209 | $206 | $202 | $200 | $195 | $194 |
| ▂▁▃█▄▆▅▇ | Total Deposits ($M) | $237 | $234 | $239 | $251 | $242 | $246 | $244 | $247 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 8% |
| Agricultural | 24% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 5% |