Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.73% | +0.12 | 0.61% |
| Return on Equity (%) | ▲ | 7.27% | +0.90 | 6.37% |
| Net Interest Margin (%) | ▲ | 4.15% | +0.02 | 4.13% |
| Efficiency Ratio (%) | ▼ | 75.90% | +0.25 | 75.64% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.02 | $1 |
| Cost of Funds (%) | ▲ | 1.01% | -0.08 | 1.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $379 | +20.65 | $358 |
| Gross Loans ($M) | ▼ | $221 | -5.66 | $227 |
| Loan Growth YoY (%) | ▼ | 65.79% | -5.30 | 71.09% |
| Total Deposits ($M) | ▲ | $333 | +16.56 | $317 |
| Shareholders Equity ($M) | ▲ | $38 | +2.98 | $35 |
| Tang. Book Value ($M) | ▲ | $38 | +2.98 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +3.76 | $39 |
| Loan / Deposit Ratio (%) | ▼ | 65.79% | -5.30 | 71.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.98% | -0.70 | 1.69% |
| Allowance / Loans (%) | — | 0.76% | 0.12% | 0.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.96% | -0.70 | 1.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.23% | +0.20 | 15.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▆█▇ | Net Interest Margin (%) | 3.80% | 3.84% | 3.87% | 4.13% | 4.16% | 4.11% | 4.26% | 4.15% |
| ▄▆▃▅▅▁██ | Return on Assets (%) | 0.58% | 0.66% | 0.55% | 0.61% | 0.62% | 0.47% | 0.73% | 0.73% |
| ▆▃▄█▇▄▁█ | Efficiency Ratio (%) | 74.9% | 73.8% | 74.2% | 75.6% | 75.5% | 74.0% | 72.7% | 75.9% |
| █▇▇▂▂▃▂▁ | Cost of Funds (%) | 1.40% | 1.33% | 1.34% | 1.08% | 1.07% | 1.12% | 1.06% | 1.01% |
| █▅▄▄▃▃▂▁ | NPA / Assets (%) | 2.66% | 2.02% | 1.64% | 1.69% | 1.43% | 1.53% | 1.28% | 0.98% |
| █▆▂▃▂▃▂▁ | Net Charge-Off Ratio (%) | 3.55% | 2.59% | 1.56% | 1.66% | 1.59% | 1.76% | 1.31% | 0.96% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $32 | $35 | $34 | $35 | $36 | $37 | $38 | $38 |
| ██▆▄▄▄▄▁ | Gross Loans ($M) | $233 | $232 | $229 | $227 | $227 | $227 | $226 | $221 |
| ▄▃▁▂▄▅▇█ | Total Deposits ($M) | $321 | $317 | $312 | $317 | $320 | $323 | $329 | $333 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 10% |