Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.07 | 1.11% |
| Return on Equity (%) | ▼ | 11.13% | -1.03 | 12.16% |
| Net Interest Margin (%) | ▲ | 3.48% | +0.05 | 3.43% |
| Efficiency Ratio (%) | ▲ | 61.57% | -0.73 | 62.30% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.06 | $1 |
| Cost of Funds (%) | ▲ | 0.65% | -0.03 | 0.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $275 | +5.91 | $269 |
| Gross Loans ($M) | ▲ | $113 | +7.49 | $106 |
| Loan Growth YoY (%) | ▲ | 45.83% | +2.59 | 43.24% |
| Total Deposits ($M) | ▲ | $245 | +2.52 | $242 |
| Shareholders Equity ($M) | ▲ | $29 | +3.57 | $25 |
| Tang. Book Value ($M) | ▲ | $29 | +3.57 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +3.75 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 45.83% | +2.59 | 43.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -0.05 | 0.24% |
| Allowance / Loans (%) | — | 1.09% | -0.02% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.45% | -0.16 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▅▁▅▇█▄ | Net Interest Margin (%) | 3.48% | 3.47% | 3.49% | 3.43% | 3.49% | 3.52% | 3.54% | 3.48% |
| ▆██▃▁▅▄▇ | Return on Assets (%) | 1.17% | 1.20% | 1.22% | 1.11% | 1.06% | 1.14% | 1.13% | 1.18% |
| ▄▁▁▆█▅▅▄ | Efficiency Ratio (%) | 61.5% | 60.0% | 59.9% | 62.3% | 63.7% | 61.9% | 62.1% | 61.6% |
| ▁▄▆▇█▂▃▅ | Cost of Funds (%) | 0.59% | 0.64% | 0.67% | 0.68% | 0.71% | 0.61% | 0.62% | 0.65% |
| █▁█▇▇▆▄▃ | NPA / Assets (%) | 0.25% | 0.16% | 0.25% | 0.24% | 0.23% | 0.22% | 0.20% | 0.19% |
| █▁█▇▅▅▃▂ | Net Charge-Off Ratio (%) | 0.65% | 0.40% | 0.64% | 0.61% | 0.55% | 0.54% | 0.49% | 0.45% |
| ▁▆▁▃▃▇██ | Tang. Book Value ($M) | $23 | $28 | $23 | $25 | $25 | $28 | $29 | $29 |
| ▁▂▂▄▆▇██ | Gross Loans ($M) | $101 | $103 | $103 | $106 | $110 | $111 | $113 | $113 |
| ▃▁▄▇▃▅▇█ | Total Deposits ($M) | $235 | $231 | $236 | $242 | $235 | $238 | $242 | $245 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 14% |