Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.47% | -0.35 | 1.82% |
| Return on Equity (%) | ▼ | 14.67% | -3.98 | 18.65% |
| Net Interest Margin (%) | ▼ | 3.81% | -0.19 | 4.00% |
| Efficiency Ratio (%) | ▼ | 57.76% | +6.02 | 51.74% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.12 | $2 |
| Cost of Funds (%) | ▼ | 1.28% | +0.19 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $329 | +22.06 | $307 |
| Gross Loans ($M) | ▼ | $150 | -5.78 | $156 |
| Loan Growth YoY (%) | ▼ | 50.23% | -5.75 | 55.97% |
| Total Deposits ($M) | ▲ | $296 | +19.85 | $276 |
| Shareholders Equity ($M) | ▲ | $33 | +2.11 | $31 |
| Tang. Book Value ($M) | ▲ | $33 | +2.11 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +2.77 | $35 |
| Loan / Deposit Ratio (%) | ▼ | 50.23% | -5.75 | 55.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.11 | 0.53% |
| Allowance / Loans (%) | — | 1.10% | 0.10% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.93% | -0.12 | 1.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.94% | -0.64 | 18.58% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▇█▆▆▇▆▁ | Net Interest Margin (%) | 3.96% | 4.02% | 4.08% | 4.00% | 4.00% | 4.01% | 4.00% | 3.81% |
| ▇██▅█▆▆▁ | Return on Assets (%) | 1.97% | 2.01% | 2.01% | 1.82% | 2.05% | 1.90% | 1.87% | 1.47% |
| ▁▁▁▂▁▂▂█ | Efficiency Ratio (%) | 50.6% | 50.0% | 50.9% | 51.7% | 50.1% | 51.9% | 52.0% | 57.8% |
| ▁▃▄▅▆▇▇█ | Cost of Funds (%) | 0.81% | 0.97% | 1.02% | 1.09% | 1.12% | 1.18% | 1.21% | 1.28% |
| ▁▁▁███▆▇ | NPA / Assets (%) | 0.05% | 0.05% | 0.07% | 0.53% | 0.53% | 0.50% | 0.41% | 0.42% |
| ▁▁▁███▇█ | Net Charge-Off Ratio (%) | 0.10% | 0.09% | 0.08% | 1.04% | 1.03% | 1.03% | 0.88% | 0.93% |
| ▁▅▂▅▆██▇ | Tang. Book Value ($M) | $28 | $31 | $29 | $31 | $32 | $33 | $34 | $33 |
| ▆█▇▄▅▅▃▁ | Gross Loans ($M) | $161 | $165 | $162 | $156 | $158 | $158 | $155 | $150 |
| ▁▁▁▁▁▇██ | Total Deposits ($M) | $276 | $276 | $275 | $276 | $273 | $293 | $297 | $296 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 89% |
| Brokered / Other | 3% |