Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.53% | +0.22 | 1.31% |
| Return on Equity (%) | ▲ | 14.59% | +0.57 | 14.02% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.34 | 3.04% |
| Efficiency Ratio (%) | ▲ | 55.25% | -1.22 | 56.48% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $1 |
| Cost of Funds (%) | ▲ | 1.78% | -0.02 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $358 | +11.76 | $346 |
| Gross Loans ($M) | ▲ | $238 | +11.17 | $227 |
| Loan Growth YoY (%) | ▼ | 75.93% | -1.16 | 77.09% |
| Total Deposits ($M) | ▲ | $310 | +18.79 | $291 |
| Shareholders Equity ($M) | ▲ | $38 | +4.82 | $33 |
| Tang. Book Value ($M) | ▲ | $38 | +4.82 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +5.12 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 75.93% | -1.16 | 77.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.02 | 0.04% |
| Allowance / Loans (%) | — | 1.29% | 0.06% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.00 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 2.70% | 2.73% | 2.81% | 3.04% | 3.05% | 3.09% | 3.15% | 3.38% |
| ▁▂▁▆▅▅▅█ | Return on Assets (%) | 0.92% | 1.01% | 0.97% | 1.31% | 1.24% | 1.28% | 1.27% | 1.53% |
| █▆█▂▄▃▃▁ | Efficiency Ratio (%) | 63.6% | 61.5% | 63.8% | 56.5% | 58.6% | 57.5% | 58.1% | 55.3% |
| ▅█▇▁▄▄▄▁ | Cost of Funds (%) | 1.88% | 1.96% | 1.92% | 1.80% | 1.87% | 1.85% | 1.85% | 1.78% |
| ▂▄▁▁▁▁█▂ | NPA / Assets (%) | 0.05% | 0.08% | 0.03% | 0.04% | 0.04% | 0.03% | 0.16% | 0.06% |
| ▂▄▁▁▁▁█▁ | Net Charge-Off Ratio (%) | 0.08% | 0.13% | 0.04% | 0.06% | 0.06% | 0.05% | 0.24% | 0.06% |
| ▁▅▂▄▅███ | Tang. Book Value ($M) | $30 | $34 | $31 | $33 | $34 | $37 | $38 | $38 |
| ▁▁▂▃▃▄▆█ | Gross Loans ($M) | $222 | $223 | $225 | $227 | $227 | $230 | $233 | $238 |
| ▁▃▄▃▄▇█▇ | Total Deposits ($M) | $280 | $292 | $295 | $291 | $299 | $312 | $319 | $310 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 4% |
| Consumer | 4% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 10% |