Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.17 | 1.04% |
| Return on Equity (%) | ▲ | 15.04% | +0.34 | 14.70% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.19 | 3.54% |
| Efficiency Ratio (%) | ▲ | 62.22% | -2.91 | 65.12% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.16 | $1 |
| Cost of Funds (%) | ▲ | 1.12% | -0.10 | 1.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $256 | +15.49 | $241 |
| Gross Loans ($M) | ▲ | $185 | +5.09 | $180 |
| Loan Growth YoY (%) | ▼ | 79.76% | -2.12 | 81.88% |
| Total Deposits ($M) | ▲ | $230 | +11.95 | $218 |
| Shareholders Equity ($M) | ▲ | $20 | +3.47 | $17 |
| Tang. Book Value ($M) | ▲ | $20 | +3.47 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +4.02 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 79.76% | -2.12 | 81.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.15 | 0.39% |
| Allowance / Loans (%) | — | 1.02% | 0.07% | 0.95% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.19 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.12% | +0.39 | 13.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆███ | Net Interest Margin (%) | 3.18% | 3.22% | 3.28% | 3.54% | 3.60% | 3.70% | 3.75% | 3.73% |
| ▁▂▁▆▅▆▇█ | Return on Assets (%) | 0.78% | 0.86% | 0.75% | 1.04% | 1.01% | 1.09% | 1.11% | 1.21% |
| ▇▆█▃▃▁▁▁ | Efficiency Ratio (%) | 71.4% | 69.4% | 73.3% | 65.1% | 65.1% | 63.5% | 63.5% | 62.2% |
| ▇█▇▃▂▃▃▁ | Cost of Funds (%) | 1.46% | 1.52% | 1.42% | 1.22% | 1.20% | 1.23% | 1.22% | 1.12% |
| ▁▄▇█▂▁▆▁ | NPA / Assets (%) | 0.26% | 0.32% | 0.36% | 0.39% | 0.27% | 0.26% | 0.35% | 0.24% |
| ▁▄▆█▂▁▆▁ | Net Charge-Off Ratio (%) | 0.35% | 0.43% | 0.48% | 0.53% | 0.37% | 0.36% | 0.47% | 0.34% |
| ▁▃▂▃▅▆██ | Tang. Book Value ($M) | $15 | $17 | $16 | $17 | $18 | $19 | $20 | $20 |
| ▁▂▃▅▇███ | Gross Loans ($M) | $173 | $174 | $177 | $180 | $183 | $184 | $184 | $185 |
| ▃▃▁▄▆▇▅█ | Total Deposits ($M) | $215 | $215 | $209 | $218 | $224 | $226 | $221 | $230 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 10% |