Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.32% | +0.31 | 0.01% |
| Return on Equity (%) | ▲ | 5.16% | +4.98 | 0.18% |
| Net Interest Margin (%) | ▲ | 3.51% | +0.39 | 3.12% |
| Efficiency Ratio (%) | ▲ | 86.52% | -13.21 | 99.73% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.42 | $0 |
| Cost of Funds (%) | ▲ | 2.28% | -0.19 | 2.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $349 | +30.78 | $318 |
| Gross Loans ($M) | ▲ | $258 | +28.86 | $229 |
| Loan Growth YoY (%) | ▲ | 79.11% | +1.81 | 77.31% |
| Total Deposits ($M) | ▲ | $323 | +29.80 | $293 |
| Shareholders Equity ($M) | ▲ | $23 | +2.09 | $20 |
| Tang. Book Value ($M) | ▲ | $23 | +2.09 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +1.81 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 79.11% | +1.81 | 77.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.15 | 0.35% |
| Allowance / Loans (%) | — | 0.93% | -0.13% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.06 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.91% | -0.79 | 10.71% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▇▇█ | Net Interest Margin (%) | 2.72% | 2.75% | 2.77% | 3.12% | 3.24% | 3.34% | 3.36% | 3.51% |
| ▁▁▂▅▆▇▇█ | Return on Assets (%) | -0.32% | -0.31% | -0.21% | 0.01% | 0.15% | 0.23% | 0.17% | 0.32% |
| ███▅▃▂▃▁ | Efficiency Ratio (%) | 110.1% | 109.2% | 110.4% | 99.7% | 95.0% | 91.7% | 93.2% | 86.5% |
| ██▆▄▂▄▁▂ | Cost of Funds (%) | 2.79% | 2.80% | 2.59% | 2.46% | 2.29% | 2.49% | 2.20% | 2.28% |
| ▃▁▄▂▁▂▅█ | NPA / Assets (%) | 0.37% | 0.31% | 0.39% | 0.35% | 0.33% | 0.34% | 0.42% | 0.50% |
| ▆▃█▃▃▃▁▁ | Net Charge-Off Ratio (%) | 0.55% | 0.47% | 0.59% | 0.48% | 0.48% | 0.47% | 0.44% | 0.43% |
| ▁▄▁▃▃▇██ | Tang. Book Value ($M) | $20 | $21 | $20 | $20 | $21 | $22 | $22 | $23 |
| ▁▂▃▄▆▇▇█ | Gross Loans ($M) | $208 | $216 | $224 | $229 | $240 | $246 | $249 | $258 |
| ▁▃▄▂▅▅█▆ | Total Deposits ($M) | $283 | $300 | $311 | $293 | $319 | $315 | $345 | $323 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 3% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 28% |