Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.20% | -0.36 | 1.56% |
| Return on Equity (%) | ▼ | 14.49% | -4.16 | 18.65% |
| Net Interest Margin (%) | ▼ | 3.79% | -0.20 | 3.99% |
| Efficiency Ratio (%) | ▲ | 61.16% | -0.37 | 61.53% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.03 | $2 |
| Cost of Funds (%) | ▼ | 2.64% | +0.02 | 2.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $451 | +13.24 | $438 |
| Gross Loans ($M) | ▲ | $328 | +0.23 | $328 |
| Loan Growth YoY (%) | ▼ | 80.45% | -7.33 | 87.77% |
| Total Deposits ($M) | ▲ | $406 | +33.85 | $372 |
| Shareholders Equity ($M) | ▲ | $39 | +1.62 | $37 |
| Tang. Book Value ($M) | ▲ | $39 | +1.62 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +2.26 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 80.45% | -7.33 | 87.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.07% | +1.05 | 1.02% |
| Allowance / Loans (%) | — | 0.63% | 0.07% | 0.56% |
| Net Charge-Off Ratio (%) | ▼ | 2.46% | +1.16 | 1.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.13% | +0.64 | 14.49% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▄▅▄▁ | Net Interest Margin (%) | 4.26% | 4.29% | 4.25% | 3.99% | 3.98% | 4.05% | 4.04% | 3.79% |
| ███▅▆▆▆▁ | Return on Assets (%) | 1.86% | 1.83% | 1.89% | 1.56% | 1.72% | 1.70% | 1.63% | 1.20% |
| ▃▅▃█▁▁▂█ | Efficiency Ratio (%) | 58.2% | 59.2% | 58.1% | 61.5% | 57.2% | 56.7% | 57.5% | 61.2% |
| ▄█▇▄▅▆▁▅ | Cost of Funds (%) | 2.61% | 2.74% | 2.69% | 2.62% | 2.65% | 2.68% | 2.52% | 2.64% |
| ▁▃▂▂▃▆█▆ | NPA / Assets (%) | 0.72% | 1.24% | 1.02% | 1.02% | 1.44% | 2.10% | 2.66% | 2.07% |
| ▁▃▂▂▄▇█▆ | Net Charge-Off Ratio (%) | 0.89% | 1.53% | 1.29% | 1.30% | 1.89% | 2.81% | 3.32% | 2.46% |
| ▁▂▂▆▅▆▆█ | Tang. Book Value ($M) | $34 | $35 | $35 | $37 | $37 | $37 | $37 | $39 |
| ▁▄▄▆▇██▇ | Gross Loans ($M) | $312 | $321 | $321 | $328 | $330 | $332 | $334 | $328 |
| ▁▁▃▅▆▆██ | Total Deposits ($M) | $337 | $341 | $359 | $372 | $381 | $383 | $403 | $406 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 3% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 31% |