Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.37% | -0.19 | 1.56% |
| Return on Equity (%) | ▼ | 14.21% | -5.20 | 19.41% |
| Net Interest Margin (%) | ▼ | 4.57% | -0.12 | 4.68% |
| Efficiency Ratio (%) | ▼ | 68.63% | +5.97 | 62.66% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.22 | $2 |
| Cost of Funds (%) | ▲ | 1.49% | -0.20 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $424 | +42.55 | $381 |
| Gross Loans ($M) | ▲ | $286 | +14.19 | $272 |
| Loan Growth YoY (%) | ▼ | 74.66% | -3.07 | 77.73% |
| Total Deposits ($M) | ▲ | $378 | +33.09 | $345 |
| Shareholders Equity ($M) | ▲ | $39 | +8.16 | $31 |
| Tang. Book Value ($M) | ▲ | $39 | +8.16 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +9.15 | $35 |
| Loan / Deposit Ratio (%) | ▼ | 74.66% | -3.07 | 77.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.06 | 0.08% |
| Allowance / Loans (%) | — | 1.49% | -0.05% | 1.54% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.01 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.41% | +1.46 | 11.95% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁██▇█▅ | Net Interest Margin (%) | 4.46% | 4.43% | 4.43% | 4.68% | 4.65% | 4.65% | 4.67% | 4.57% |
| ▄▄▃▆███▁ | Return on Assets (%) | 1.49% | 1.47% | 1.45% | 1.56% | 1.63% | 1.61% | 1.60% | 1.37% |
| ▃▄▄▁▁▂▃█ | Efficiency Ratio (%) | 64.4% | 65.1% | 65.5% | 62.7% | 62.5% | 63.5% | 64.5% | 68.6% |
| ▆█▆▃▂▂▂▁ | Cost of Funds (%) | 1.92% | 2.07% | 1.86% | 1.69% | 1.58% | 1.59% | 1.62% | 1.49% |
| ▄██▇▇▄▃▁ | NPA / Assets (%) | 0.04% | 0.09% | 0.08% | 0.08% | 0.08% | 0.05% | 0.04% | 0.02% |
| ▅█▃▃▃▁▁▂ | Net Charge-Off Ratio (%) | 0.07% | 0.14% | 0.04% | 0.04% | 0.04% | 0.00% | 0.01% | 0.03% |
| ▁▁▁▂▃▄██ | Tang. Book Value ($M) | $29 | $30 | $30 | $31 | $32 | $34 | $40 | $39 |
| ▁▁▁▆▅▄▆█ | Gross Loans ($M) | $247 | $250 | $251 | $272 | $269 | $265 | $276 | $286 |
| ▂▂▁▁▄▇▃█ | Total Deposits ($M) | $348 | $347 | $342 | $345 | $358 | $369 | $355 | $378 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 9% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |