Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.82% | +0.49 | 1.34% |
| Return on Equity (%) | ▲ | 20.43% | +6.50 | 13.93% |
| Net Interest Margin (%) | ▲ | 5.38% | +0.18 | 5.20% |
| Efficiency Ratio (%) | ▲ | 63.73% | -9.56 | 73.29% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.46 | $1 |
| Cost of Funds (%) | ▲ | 0.45% | -0.05 | 0.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $257 | +26.58 | $231 |
| Gross Loans ($M) | ▼ | $147 | -12.62 | $160 |
| Loan Growth YoY (%) | ▼ | 63.16% | -14.25 | 77.41% |
| Total Deposits ($M) | ▲ | $232 | +26.47 | $205 |
| Shareholders Equity ($M) | ▲ | $23 | +0.10 | $23 |
| Tang. Book Value ($M) | ▲ | $22 | +0.11 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +0.21 | $25 |
| Loan / Deposit Ratio (%) | ▼ | 63.16% | -14.25 | 77.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -2.08 | 2.14% |
| Allowance / Loans (%) | — | 0.70% | -0.01% | 0.71% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -1.92 | 2.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇███ | Net Interest Margin (%) | 4.73% | 4.78% | 4.91% | 5.20% | 5.30% | 5.39% | 5.44% | 5.38% |
| ▆▇▇▇▁▄▅█ | Return on Assets (%) | 1.10% | 1.23% | 1.29% | 1.34% | -0.93% | 0.11% | 0.50% | 1.82% |
| █▇▆▇▆▄▄▁ | Efficiency Ratio (%) | 75.4% | 73.0% | 71.9% | 73.3% | 71.2% | 68.4% | 68.4% | 63.7% |
| ▁▂▆▆██▄▃ | Cost of Funds (%) | 0.41% | 0.43% | 0.49% | 0.50% | 0.53% | 0.52% | 0.47% | 0.45% |
| ▃▃▃███▃▁ | NPA / Assets (%) | 0.72% | 0.69% | 0.73% | 2.14% | 2.07% | 1.97% | 0.73% | 0.05% |
| ▁▁▁███▁▁ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.02% | 2.02% | 2.08% | 2.11% | 0.09% | 0.09% |
| ▁▇▆█▁▆██ | Tang. Book Value ($M) | $20 | $22 | $22 | $22 | $20 | $22 | $22 | $22 |
| ▄▅▅█▆▅▁▂ | Gross Loans ($M) | $152 | $154 | $153 | $160 | $155 | $152 | $145 | $147 |
| ▄▆▃▁▂▇▇█ | Total Deposits ($M) | $216 | $225 | $213 | $205 | $212 | $225 | $227 | $232 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 14% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 3% |