Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.55% | +0.31 | 1.24% |
| Return on Equity (%) | ▲ | 12.58% | +0.29 | 12.29% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.35 | 3.73% |
| Efficiency Ratio (%) | ▲ | 64.24% | -4.78 | 69.02% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.10 | $0 |
| Cost of Funds (%) | ▲ | 1.46% | -0.05 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $124 | +2.57 | $122 |
| Gross Loans ($M) | ▲ | $61 | +1.86 | $60 |
| Loan Growth YoY (%) | ▲ | 56.10% | +1.91 | 54.19% |
| Total Deposits ($M) | ▼ | $108 | -0.58 | $108 |
| Shareholders Equity ($M) | ▲ | $16 | +2.84 | $13 |
| Tang. Book Value ($M) | ▲ | $16 | +2.84 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +2.95 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 56.10% | +1.91 | 54.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.89% | -0.23 | 1.12% |
| Allowance / Loans (%) | — | 1.58% | 0.14% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 1.79% | -0.49 | 2.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆███ | Net Interest Margin (%) | 3.47% | 3.47% | 3.53% | 3.73% | 3.94% | 4.06% | 4.12% | 4.08% |
| ▁▁▁▂██▇▄ | Return on Assets (%) | 1.19% | 1.12% | 1.09% | 1.24% | 2.28% | 2.21% | 2.00% | 1.55% |
| ████▁▁▃▆ | Efficiency Ratio (%) | 67.8% | 69.8% | 69.9% | 69.0% | 50.3% | 51.2% | 55.4% | 64.2% |
| █▅▃▁▁▁▁▁ | Cost of Funds (%) | 2.03% | 1.76% | 1.64% | 1.51% | 1.44% | 1.50% | 1.46% | 1.46% |
| ▁██▇▇█▆▅ | NPA / Assets (%) | 0.24% | 1.21% | 1.20% | 1.12% | 1.11% | 1.30% | 0.94% | 0.89% |
| ▁█▇▇▆▇▅▅ | Net Charge-Off Ratio (%) | 0.54% | 2.74% | 2.41% | 2.28% | 2.12% | 2.42% | 1.76% | 1.79% |
| ▁▃▁▃▅▇██ | Tang. Book Value ($M) | $11 | $13 | $12 | $13 | $14 | $15 | $15 | $16 |
| ▁▂▅▅▅██▆ | Gross Loans ($M) | $53 | $56 | $60 | $60 | $61 | $64 | $66 | $61 |
| ▁▄██▄▅██ | Total Deposits ($M) | $99 | $103 | $109 | $108 | $103 | $104 | $108 | $108 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 16% |
| Agricultural | 2% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 10% |