Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.50 | 1.08% |
| Return on Equity (%) | ▲ | 13.18% | +3.21 | 9.97% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.37 | 3.36% |
| Efficiency Ratio (%) | ▲ | 56.40% | -8.13 | 64.53% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.39 | $1 |
| Cost of Funds (%) | ▲ | 1.35% | -0.26 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $330 | +7.38 | $322 |
| Gross Loans ($M) | ▼ | $194 | -1.14 | $195 |
| Loan Growth YoY (%) | ▼ | 65.99% | -1.58 | 67.57% |
| Total Deposits ($M) | ▲ | $286 | +4.83 | $281 |
| Shareholders Equity ($M) | ▲ | $40 | +4.70 | $35 |
| Tang. Book Value ($M) | ▲ | $40 | +4.70 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +5.20 | $41 |
| Loan / Deposit Ratio (%) | ▼ | 65.99% | -1.58 | 67.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.02 | 0.20% |
| Allowance / Loans (%) | — | 2.87% | 0.07% | 2.80% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.04 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 3.22% | 3.22% | 3.26% | 3.36% | 3.39% | 3.47% | 3.48% | 3.74% |
| ▁▁▃▂▃▂▂█ | Return on Assets (%) | 1.06% | 1.00% | 1.17% | 1.08% | 1.15% | 1.12% | 1.13% | 1.59% |
| ▆▇█▇▄▅█▁ | Efficiency Ratio (%) | 62.9% | 64.4% | 66.7% | 64.5% | 61.2% | 62.6% | 66.6% | 56.4% |
| ▄▇█▇█▇▆▁ | Cost of Funds (%) | 1.50% | 1.62% | 1.69% | 1.62% | 1.65% | 1.64% | 1.60% | 1.35% |
| ▁▁▁█▇▇▇█ | NPA / Assets (%) | 0.03% | 0.05% | 0.03% | 0.20% | 0.19% | 0.18% | 0.18% | 0.22% |
| ▁▁▁█▇▇▇█ | Net Charge-Off Ratio (%) | 0.05% | 0.08% | 0.06% | 0.33% | 0.31% | 0.31% | 0.30% | 0.37% |
| ▁▂▂▃▂▆██ | Tang. Book Value ($M) | $33 | $35 | $35 | $35 | $34 | $38 | $40 | $40 |
| ▁▃▃▃█▅▁▂ | Gross Loans ($M) | $191 | $195 | $195 | $195 | $204 | $199 | $191 | $194 |
| ▁▃▃▅▆██▇ | Total Deposits ($M) | $265 | $274 | $273 | $281 | $284 | $290 | $289 | $286 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 11% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 12% |