Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.22% | -0.95 | 2.17% |
| Return on Equity (%) | ▼ | 9.83% | -7.37 | 17.20% |
| Net Interest Margin (%) | ▼ | 3.04% | -0.78 | 3.82% |
| Efficiency Ratio (%) | ▼ | 58.68% | +13.91 | 44.77% |
| Pre-Provision Profit ($M) | ▼ | $2 | -1.05 | $3 |
| Cost of Funds (%) | ▲ | 2.39% | -0.09 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $601 | +35.63 | $565 |
| Gross Loans ($M) | ▲ | $301 | +1.42 | $300 |
| Loan Growth YoY (%) | ▼ | 57.28% | -4.85 | 62.13% |
| Total Deposits ($M) | ▲ | $517 | +44.29 | $473 |
| Shareholders Equity ($M) | ▲ | $76 | +1.96 | $74 |
| Tang. Book Value ($M) | ▲ | $76 | +1.88 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +3.00 | $84 |
| Loan / Deposit Ratio (%) | ▼ | 57.28% | -4.85 | 62.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.22% | +0.95 | 0.27% |
| Allowance / Loans (%) | — | 1.57% | -0.34% | 1.91% |
| Net Charge-Off Ratio (%) | ▼ | 2.28% | +1.94 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.86% | -1.47 | 22.33% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆█▇▆▅▁ | Net Interest Margin (%) | 3.92% | 3.75% | 3.64% | 3.82% | 3.72% | 3.63% | 3.52% | 3.04% |
| █▇▄▆▇▆▆▁ | Return on Assets (%) | 2.49% | 2.20% | 1.79% | 2.17% | 2.18% | 2.03% | 2.09% | 1.22% |
| ▁▂▅▃▄▄▅█ | Efficiency Ratio (%) | 39.7% | 42.9% | 49.9% | 44.8% | 47.2% | 48.8% | 49.8% | 58.7% |
| ▃▃█▂▁▁▁▁ | Cost of Funds (%) | 2.69% | 2.78% | 3.90% | 2.48% | 2.44% | 2.26% | 2.28% | 2.39% |
| ▂▅▁▁▃▁▁█ | NPA / Assets (%) | 0.42% | 0.77% | 0.26% | 0.27% | 0.48% | 0.22% | 0.21% | 1.22% |
| ▁▃▁▁▂▁▁█ | Net Charge-Off Ratio (%) | 0.50% | 0.79% | 0.33% | 0.34% | 0.75% | 0.29% | 0.26% | 2.28% |
| ▁▃▄▅▆█▆▆ | Tang. Book Value ($M) | $62 | $68 | $70 | $74 | $77 | $83 | $76 | $76 |
| ▁▁▆▆▄▄█▆ | Gross Loans ($M) | $239 | $240 | $306 | $300 | $279 | $285 | $331 | $301 |
| ▁▁▅▅▅▅██ | Total Deposits ($M) | $406 | $412 | $483 | $473 | $468 | $482 | $529 | $517 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 8% |
| Agricultural | 34% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 21% |