Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.06 | 0.91% |
| Return on Equity (%) | ▼ | 27.88% | -18.83 | 46.71% |
| Net Interest Margin (%) | ▼ | 3.26% | -0.03 | 3.29% |
| Efficiency Ratio (%) | ▲ | 72.48% | -1.53 | 74.02% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.03 | $0 |
| Cost of Funds (%) | ▼ | 1.55% | +0.04 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $143 | +2.31 | $141 |
| Gross Loans ($M) | ▲ | $47 | +4.97 | $42 |
| Loan Growth YoY (%) | ▲ | 34.83% | +3.43 | 31.40% |
| Total Deposits ($M) | ▲ | $133 | +1.20 | $132 |
| Shareholders Equity ($M) | ▲ | $4 | +1.66 | $2 |
| Tang. Book Value ($M) | ▲ | $4 | +1.66 | $2 |
| TBV excl. AOCI ($M)** | ▲ | $8 | +2.16 | $6 |
| Loan / Deposit Ratio (%) | ▲ | 34.83% | +3.43 | 31.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.44 | 0.44% |
| Allowance / Loans (%) | — | 1.44% | -0.10% | 1.54% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.11 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.31% | +0.14 | 24.18% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▁▃▂▁▁ | Net Interest Margin (%) | 3.56% | 3.50% | 3.49% | 3.29% | 3.36% | 3.31% | 3.29% | 3.26% |
| ▁▂▅▃██▃▅ | Return on Assets (%) | 0.86% | 0.89% | 0.95% | 0.91% | 1.02% | 1.04% | 0.90% | 0.97% |
| █▇▄▄▂▁▂▂ | Efficiency Ratio (%) | 77.4% | 76.2% | 74.5% | 74.0% | 72.6% | 71.6% | 73.0% | 72.5% |
| ▁▃▆▅█▇▇▆ | Cost of Funds (%) | 1.32% | 1.42% | 1.56% | 1.51% | 1.65% | 1.60% | 1.59% | 1.55% |
| ███▇▁▁▁▁ | NPA / Assets (%) | 0.51% | 0.45% | 0.48% | 0.44% | 0.03% | 0.03% | 0.03% | 0.00% |
| █▇▇▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.82% | 1.49% | 1.47% | 0.11% | 0.10% | 0.08% | 0.08% | 0.00% |
| ▂█▂▁▁▇█▅ | Tang. Book Value ($M) | $3 | $6 | $3 | $2 | $2 | $5 | $6 | $4 |
| ▁▄▆▅▆███ | Gross Loans ($M) | $36 | $41 | $43 | $42 | $44 | $46 | $47 | $47 |
| ▁▃▂█▃▃▅█ | Total Deposits ($M) | $120 | $124 | $122 | $132 | $125 | $123 | $127 | $133 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Consumer | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 3% |