Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.07% | -0.02 | 2.09% |
| Return on Equity (%) | ▼ | 23.61% | -6.79 | 30.40% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.22 | 3.81% |
| Efficiency Ratio (%) | ▲ | 50.05% | -1.12 | 51.17% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.01 | $2 |
| Cost of Funds (%) | ▲ | 0.63% | -0.02 | 0.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $292 | +1.53 | $291 |
| Gross Loans ($M) | ▼ | $91 | -0.56 | $92 |
| Loan Growth YoY (%) | ▲ | 33.90% | +0.09 | 33.80% |
| Total Deposits ($M) | ▼ | $266 | -2.53 | $268 |
| Shareholders Equity ($M) | ▲ | $26 | +4.14 | $22 |
| Tang. Book Value ($M) | ▲ | $26 | +4.14 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +4.68 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 33.90% | +0.09 | 33.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 1.50% | 0.06% | 1.44% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.91% | +1.92 | 20.98% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅█▆▁▄▆▅█ | Net Interest Margin (%) | 3.93% | 4.01% | 3.96% | 3.81% | 3.91% | 3.95% | 3.94% | 4.03% |
| ▁▃▃▆███▆ | Return on Assets (%) | 1.68% | 1.82% | 1.87% | 2.09% | 2.26% | 2.24% | 2.19% | 2.07% |
| █▇▅▅▄▄▁▅ | Efficiency Ratio (%) | 56.8% | 53.6% | 51.0% | 51.2% | 47.8% | 47.6% | 42.0% | 50.0% |
| ▁█▅▄▂██▂ | Cost of Funds (%) | 0.61% | 0.71% | 0.66% | 0.65% | 0.63% | 0.70% | 0.71% | 0.63% |
| ▃▂▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
| ▂▂▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
| ▁▃▄▆▆███ | Tang. Book Value ($M) | $14 | $17 | $18 | $22 | $22 | $26 | $25 | $26 |
| ▁█▁▇▆▆▇▆ | Gross Loans ($M) | $88 | $93 | $89 | $92 | $92 | $91 | $93 | $91 |
| ▁▂▇▆█▅▆▆ | Total Deposits ($M) | $223 | $239 | $273 | $268 | $287 | $261 | $266 | $266 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 15% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 9% |