Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.65% | -0.00 | 0.65% |
| Return on Equity (%) | ▼ | 7.25% | -0.70 | 7.95% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.07 | 4.03% |
| Efficiency Ratio (%) | ▼ | 81.75% | +1.37 | 80.39% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.01 | $0 |
| Cost of Funds (%) | ▼ | 1.10% | +0.13 | 0.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $260 | +21.23 | $238 |
| Gross Loans ($M) | ▲ | $174 | +14.71 | $160 |
| Loan Growth YoY (%) | ▼ | 75.76% | -1.77 | 77.53% |
| Total Deposits ($M) | ▲ | $228 | +24.28 | $204 |
| Shareholders Equity ($M) | ▲ | $23 | +2.77 | $20 |
| Tang. Book Value ($M) | ▲ | $23 | +2.77 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +2.65 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 75.76% | -1.77 | 77.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.58% | +0.17 | 0.41% |
| Allowance / Loans (%) | — | 0.89% | -0.13% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.86% | +0.25 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.58% | -0.91 | 17.49% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▃▅▆█ | Net Interest Margin (%) | 3.76% | 3.77% | 3.84% | 4.03% | 3.87% | 3.93% | 4.00% | 4.09% |
| ▄▁▃▇▄▇█▆ | Return on Assets (%) | 0.61% | 0.55% | 0.59% | 0.65% | 0.60% | 0.66% | 0.68% | 0.65% |
| █▆▁▁▆▂▁▆ | Efficiency Ratio (%) | 82.3% | 81.6% | 80.4% | 80.4% | 81.7% | 80.7% | 80.4% | 81.8% |
| █▇▃▁█▅▄▄ | Cost of Funds (%) | 1.25% | 1.20% | 1.07% | 0.97% | 1.26% | 1.13% | 1.11% | 1.10% |
| ▁▄▅▂▃▅█▆ | NPA / Assets (%) | 0.32% | 0.48% | 0.51% | 0.41% | 0.43% | 0.54% | 0.69% | 0.58% |
| ▁▄▅▂▃▅█▆ | Net Charge-Off Ratio (%) | 0.48% | 0.72% | 0.78% | 0.61% | 0.65% | 0.81% | 1.01% | 0.86% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $18 | $20 | $19 | $20 | $21 | $22 | $23 | $23 |
| ▁▂▁▂▅▆██ | Gross Loans ($M) | $156 | $159 | $158 | $160 | $166 | $169 | $174 | $174 |
| ▁▁▃▂▅▆▆█ | Total Deposits ($M) | $196 | $200 | $205 | $204 | $213 | $219 | $220 | $228 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 10% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 4% |