Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.83% | +0.28 | 1.55% |
| Return on Equity (%) | ▲ | 14.88% | +0.65 | 14.23% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.25 | 4.01% |
| Efficiency Ratio (%) | ▲ | 44.58% | -6.28 | 50.87% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.54 | $2 |
| Cost of Funds (%) | ▲ | 1.34% | -0.10 | 1.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $401 | +27.65 | $374 |
| Gross Loans ($M) | ▲ | $234 | +19.92 | $214 |
| Loan Growth YoY (%) | ▲ | 67.02% | +2.11 | 64.91% |
| Total Deposits ($M) | ▲ | $344 | +20.23 | $324 |
| Shareholders Equity ($M) | ▲ | $50 | +7.77 | $42 |
| Tang. Book Value ($M) | ▲ | $50 | +7.77 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +8.05 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 67.02% | +2.11 | 64.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.52% | -0.40 | 1.92% |
| Allowance / Loans (%) | — | 1.27% | -0.35% | 1.62% |
| Net Charge-Off Ratio (%) | ▲ | 1.25% | -2.10 | 3.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▇▇▇█ | Net Interest Margin (%) | 3.80% | 3.86% | 3.87% | 4.01% | 4.15% | 4.18% | 4.20% | 4.27% |
| ▁▁▁▄▆▄▄█ | Return on Assets (%) | 1.37% | 1.33% | 1.36% | 1.55% | 1.66% | 1.58% | 1.56% | 1.83% |
| ▇██▄▄▅▆▁ | Efficiency Ratio (%) | 56.0% | 57.4% | 58.1% | 50.9% | 50.6% | 51.7% | 53.3% | 44.6% |
| ███▃▃▃▂▁ | Cost of Funds (%) | 1.59% | 1.61% | 1.60% | 1.44% | 1.43% | 1.43% | 1.39% | 1.34% |
| ▇▆▅█▂▄▁▁ | NPA / Assets (%) | 1.85% | 1.81% | 1.75% | 1.92% | 1.61% | 1.67% | 1.56% | 1.52% |
| ████▁▂▁▁ | Net Charge-Off Ratio (%) | 3.14% | 3.11% | 3.10% | 3.35% | 1.38% | 1.54% | 1.38% | 1.25% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $38 | $42 | $40 | $42 | $44 | $47 | $49 | $50 |
| ▁▁▁▁▁▄▅█ | Gross Loans ($M) | $214 | $215 | $213 | $214 | $213 | $221 | $224 | $234 |
| ▁▁▄▄▄▆██ | Total Deposits ($M) | $310 | $313 | $325 | $324 | $327 | $336 | $342 | $344 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 13% |
| Agricultural | 4% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 13% |