Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.30 | 0.72% |
| Return on Equity (%) | ▲ | 10.98% | +1.95 | 9.03% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.42 | 4.02% |
| Efficiency Ratio (%) | ▼ | 70.36% | +4.59 | 65.77% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.05 | $1 |
| Cost of Funds (%) | ▲ | 0.77% | -0.17 | 0.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $146 | -0.87 | $147 |
| Gross Loans ($M) | ▲ | $92 | +4.67 | $88 |
| Loan Growth YoY (%) | ▲ | 70.49% | +5.64 | 64.85% |
| Total Deposits ($M) | ▼ | $129 | -4.21 | $133 |
| Shareholders Equity ($M) | ▲ | $13 | +1.44 | $12 |
| Tang. Book Value ($M) | ▲ | $13 | +1.44 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +1.20 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 70.49% | +5.64 | 64.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.09% | -0.20 | 1.29% |
| Allowance / Loans (%) | — | 1.65% | 0.07% | 1.57% |
| Net Charge-Off Ratio (%) | ▲ | 1.73% | -0.44 | 2.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.51% | +0.92 | 15.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▁▃▅█ | Net Interest Margin (%) | 4.10% | 4.01% | 4.04% | 4.02% | 4.05% | 4.13% | 4.25% | 4.44% |
| ███▃▁▃▅█ | Return on Assets (%) | 0.98% | 1.00% | 1.00% | 0.72% | 0.58% | 0.74% | 0.80% | 1.02% |
| ▃▂▂▁█▆▃▇ | Efficiency Ratio (%) | 67.7% | 67.2% | 67.0% | 65.8% | 71.7% | 69.7% | 67.7% | 70.4% |
| ▅█▇▄▅▄▃▁ | Cost of Funds (%) | 0.97% | 1.13% | 1.08% | 0.95% | 0.96% | 0.91% | 0.88% | 0.77% |
| ▁▅██▇▆▇▅ | NPA / Assets (%) | 0.79% | 1.07% | 1.33% | 1.29% | 1.21% | 1.16% | 1.26% | 1.09% |
| ▁▅█▇▅▅▆▃ | Net Charge-Off Ratio (%) | 1.41% | 1.97% | 2.35% | 2.17% | 2.00% | 1.98% | 2.01% | 1.73% |
| ▁▅▃▃▅▇█▇ | Tang. Book Value ($M) | $11 | $13 | $12 | $12 | $13 | $13 | $14 | $13 |
| ▁▂▁▁▅▃█▆ | Gross Loans ($M) | $87 | $88 | $87 | $88 | $92 | $90 | $95 | $92 |
| ▄█▇▃▄▆▄▁ | Total Deposits ($M) | $135 | $145 | $141 | $133 | $136 | $139 | $136 | $129 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 31% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 4% |