Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.44% | +1.96 | -1.52% |
| Return on Equity (%) | ▲ | 4.46% | +21.29 | -16.83% |
| Net Interest Margin (%) | ▼ | 3.84% | -0.16 | 4.00% |
| Efficiency Ratio (%) | ▼ | 81.83% | +13.80 | 68.03% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.91 | $2 |
| Cost of Funds (%) | ▲ | 2.30% | -0.03 | 2.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $634 | -56.60 | $691 |
| Gross Loans ($M) | ▼ | $474 | -14.45 | $488 |
| Loan Growth YoY (%) | ▲ | 82.86% | +5.44 | 77.42% |
| Total Deposits ($M) | ▼ | $557 | -59.83 | $617 |
| Shareholders Equity ($M) | ▲ | $64 | +3.70 | $60 |
| Tang. Book Value ($M) | ▲ | $60 | +4.63 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 82.86% | +5.44 | 77.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.43% | +0.88 | 1.54% |
| Allowance / Loans (%) | — | 2.53% | 0.40% | 2.13% |
| Net Charge-Off Ratio (%) | ▼ | 2.96% | +0.79 | 2.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▂▃▄▄▁ | Net Interest Margin (%) | 4.54% | 4.55% | 4.54% | 4.00% | 4.05% | 4.18% | 4.11% | 3.84% |
| ██▇▁▄▅▆▇ | Return on Assets (%) | 0.84% | 0.76% | 0.29% | -1.52% | -0.50% | -0.19% | 0.08% | 0.44% |
| ▁▂▂▂▃▄▆█ | Efficiency Ratio (%) | 64.7% | 67.8% | 67.4% | 68.0% | 70.4% | 73.2% | 75.5% | 81.8% |
| ██▆▂▆▅▁▁ | Cost of Funds (%) | 2.88% | 2.91% | 2.73% | 2.33% | 2.69% | 2.61% | 2.22% | 2.30% |
| ▁▁▄▅▅▆██ | NPA / Assets (%) | 0.53% | 0.68% | 1.26% | 1.54% | 1.67% | 1.82% | 2.25% | 2.43% |
| ▁▁▄▆▅▅██ | Net Charge-Off Ratio (%) | 0.69% | 0.83% | 1.56% | 2.17% | 2.01% | 2.10% | 2.86% | 2.96% |
| ▁▂▁▃▄▅▇█ | Tang. Book Value ($M) | $53 | $55 | $53 | $55 | $56 | $57 | $59 | $60 |
| ▁▄▇▇█▆▇▅ | Gross Loans ($M) | $428 | $460 | $487 | $488 | $502 | $481 | $488 | $474 |
| ▁▁▄█▄▂▇▅ | Total Deposits ($M) | $489 | $496 | $542 | $617 | $545 | $510 | $585 | $557 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 15% |
| Agricultural | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 4% |