Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.26 | 0.94% |
| Return on Equity (%) | ▲ | 12.84% | +2.52 | 10.32% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.36 | 3.33% |
| Efficiency Ratio (%) | ▲ | 57.16% | -4.51 | 61.68% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.49 | $1 |
| Cost of Funds (%) | ▲ | 1.75% | -0.08 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $487 | +32.44 | $455 |
| Gross Loans ($M) | ▲ | $288 | +9.93 | $278 |
| Loan Growth YoY (%) | ▼ | 79.11% | -0.58 | 79.69% |
| Total Deposits ($M) | ▲ | $360 | +14.43 | $346 |
| Shareholders Equity ($M) | ▲ | $46 | +4.87 | $41 |
| Tang. Book Value ($M) | ▲ | $43 | +4.96 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +5.45 | $44 |
| Loan / Deposit Ratio (%) | ▼ | 79.11% | -0.58 | 79.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.39% | +0.51 | 0.89% |
| Allowance / Loans (%) | — | 1.20% | 0.15% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 1.43% | +0.06 | 1.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆███ | Net Interest Margin (%) | 3.02% | 3.07% | 3.17% | 3.33% | 3.47% | 3.61% | 3.63% | 3.69% |
| ▁▁▂▄███▇ | Return on Assets (%) | 0.61% | 0.64% | 0.74% | 0.94% | 1.33% | 1.32% | 1.27% | 1.20% |
| ██▇▄▁▁▂▂ | Efficiency Ratio (%) | 72.3% | 70.8% | 68.7% | 61.7% | 53.6% | 52.9% | 55.4% | 57.2% |
| ██▇▃▄▆▄▁ | Cost of Funds (%) | 2.02% | 2.02% | 1.96% | 1.83% | 1.88% | 1.95% | 1.88% | 1.75% |
| ▁▁▁▄▇▅██ | NPA / Assets (%) | 0.41% | 0.41% | 0.43% | 0.89% | 1.21% | 1.04% | 1.47% | 1.39% |
| ▁▁▁▅█▇▅▅ | Net Charge-Off Ratio (%) | 0.64% | 0.64% | 0.59% | 1.36% | 1.93% | 1.61% | 1.41% | 1.43% |
| ▁▃▂▃▆███ | Tang. Book Value ($M) | $36 | $38 | $37 | $38 | $41 | $43 | $43 | $43 |
| ▁▁▄▄▆█▇▆ | Gross Loans ($M) | $268 | $267 | $278 | $278 | $287 | $296 | $292 | $288 |
| ▁▂▅▆▆▅▇█ | Total Deposits ($M) | $315 | $325 | $338 | $346 | $344 | $339 | $354 | $360 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 14% |
| Agricultural | 5% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 18% |