Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.15 | 1.37% |
| Return on Equity (%) | ▼ | 21.76% | -1.60 | 23.36% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.12 | 3.21% |
| Efficiency Ratio (%) | ▲ | 52.53% | -4.88 | 57.41% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.56 | $2 |
| Cost of Funds (%) | ▲ | 2.76% | -0.16 | 2.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $517 | +86.61 | $430 |
| Gross Loans ($M) | ▲ | $288 | +26.91 | $261 |
| Loan Growth YoY (%) | ▼ | 60.44% | -7.90 | 68.34% |
| Total Deposits ($M) | ▲ | $471 | +93.56 | $377 |
| Shareholders Equity ($M) | ▲ | $33 | +5.81 | $28 |
| Tang. Book Value ($M) | ▲ | $33 | +5.81 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +8.08 | $34 |
| Loan / Deposit Ratio (%) | ▼ | 60.44% | -7.90 | 68.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.66% | -0.04 | 0.71% |
| Allowance / Loans (%) | — | 1.36% | -0.08% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 1.15% | -0.01 | 1.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▁▁▂▄███ | Net Interest Margin (%) | 3.31% | 3.17% | 3.18% | 3.21% | 3.25% | 3.35% | 3.34% | 3.33% |
| ▂▁▁▄▆█▅▇ | Return on Assets (%) | 1.21% | 1.16% | 1.17% | 1.37% | 1.43% | 1.58% | 1.40% | 1.52% |
| ███▄▃▂▃▁ | Efficiency Ratio (%) | 63.5% | 63.5% | 62.4% | 57.4% | 56.1% | 54.3% | 56.0% | 52.5% |
| ▁▃█▄▄▆▄▂ | Cost of Funds (%) | 2.68% | 2.84% | 3.20% | 2.92% | 2.92% | 3.01% | 2.88% | 2.76% |
| ▁█▄▁▁▂▁▁ | NPA / Assets (%) | 0.66% | 1.17% | 0.85% | 0.71% | 0.64% | 0.74% | 0.67% | 0.66% |
| ▁█▄▂▁▃▂▂ | Net Charge-Off Ratio (%) | 1.03% | 1.99% | 1.39% | 1.16% | 1.09% | 1.28% | 1.18% | 1.15% |
| ▁▂▁▄▃██▆ | Tang. Book Value ($M) | $21 | $25 | $22 | $28 | $27 | $36 | $38 | $33 |
| ▁▂▃▅▆▇██ | Gross Loans ($M) | $234 | $241 | $251 | $261 | $273 | $279 | $284 | $288 |
| ▁▂▂▃▅▆▇█ | Total Deposits ($M) | $330 | $354 | $363 | $377 | $405 | $428 | $452 | $471 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Agricultural | 3% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 27% |