Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.50% | +0.21 | 0.29% |
| Return on Equity (%) | ▲ | 4.54% | +1.50 | 3.04% |
| Net Interest Margin (%) | ▼ | 3.79% | -0.24 | 4.03% |
| Efficiency Ratio (%) | ▲ | 85.39% | -4.34 | 89.73% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.06 | $1 |
| Cost of Funds (%) | ▲ | 1.89% | -0.51 | 2.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $434 | -69.04 | $503 |
| Gross Loans ($M) | ▼ | $293 | -89.41 | $382 |
| Loan Growth YoY (%) | ▼ | 75.13% | -8.19 | 83.31% |
| Total Deposits ($M) | ▼ | $384 | -66.65 | $450 |
| Shareholders Equity ($M) | ▼ | $49 | -0.73 | $49 |
| Tang. Book Value ($M) | ▼ | $49 | -0.73 | $49 |
| TBV excl. AOCI ($M)** | ▼ | $50 | -0.91 | $51 |
| Loan / Deposit Ratio (%) | ▼ | 75.13% | -8.19 | 83.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 4.60% | -0.93 | 5.54% |
| Allowance / Loans (%) | — | 1.45% | -0.30% | 1.75% |
| Net Charge-Off Ratio (%) | ▲ | 5.21% | -0.73 | 5.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▅▇█▆▃▃▁ | Net Interest Margin (%) | 3.99% | 3.94% | 4.00% | 4.03% | 3.96% | 3.87% | 3.88% | 3.79% |
| █▇▁▄▃▄▁▇ | Return on Assets (%) | 0.60% | 0.48% | 0.05% | 0.29% | 0.24% | 0.26% | 0.11% | 0.50% |
| ▁▂▄██▇▇▆ | Efficiency Ratio (%) | 71.9% | 75.3% | 81.8% | 89.7% | 91.7% | 88.7% | 87.2% | 85.4% |
| ▇██▅▄▄▃▁ | Cost of Funds (%) | 2.61% | 2.76% | 2.81% | 2.40% | 2.35% | 2.31% | 2.15% | 1.89% |
| ▁▃███▇▄▄ | NPA / Assets (%) | 3.55% | 4.18% | 5.72% | 5.54% | 5.55% | 5.35% | 4.46% | 4.60% |
| ▁▄▆▅▇█▃▂ | Net Charge-Off Ratio (%) | 4.66% | 5.60% | 6.08% | 5.94% | 6.54% | 6.86% | 5.39% | 5.21% |
| ▆█▂▄▁▂▁▂ | Tang. Book Value ($M) | $50 | $51 | $49 | $49 | $48 | $49 | $48 | $49 |
| ██▇▆▄▂▁▁ | Gross Loans ($M) | $417 | $410 | $393 | $382 | $340 | $322 | $300 | $293 |
| ██▆▅▄▄▁▁ | Total Deposits ($M) | $497 | $496 | $458 | $450 | $440 | $432 | $396 | $384 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 13% |