Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.26 | 0.93% |
| Return on Equity (%) | ▲ | 9.12% | +2.10 | 7.02% |
| Net Interest Margin (%) | ▼ | 4.20% | -0.01 | 4.22% |
| Efficiency Ratio (%) | ▲ | 63.89% | -4.31 | 68.19% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.13 | $1 |
| Cost of Funds (%) | ▲ | 2.01% | -0.17 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $180 | +17.55 | $163 |
| Gross Loans ($M) | ▲ | $138 | +12.56 | $126 |
| Loan Growth YoY (%) | ▼ | 87.45% | -1.50 | 88.95% |
| Total Deposits ($M) | ▲ | $156 | +16.67 | $139 |
| Shareholders Equity ($M) | ▲ | $23 | +1.29 | $22 |
| Tang. Book Value ($M) | ▲ | $23 | +1.29 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 87.45% | -1.50 | 88.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.50% | -0.07 | 0.58% |
| Allowance / Loans (%) | — | 1.47% | -0.09% | 1.56% |
| Net Charge-Off Ratio (%) | ▲ | 0.66% | -0.09 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇██▅ | Net Interest Margin (%) | 4.00% | 4.00% | 4.10% | 4.22% | 4.32% | 4.41% | 4.39% | 4.20% |
| ▁▁▁▄▅▇██ | Return on Assets (%) | 0.70% | 0.73% | 0.72% | 0.93% | 0.99% | 1.12% | 1.17% | 1.18% |
| ███▄▂▁▁▁ | Efficiency Ratio (%) | 74.8% | 74.5% | 73.6% | 68.2% | 66.1% | 63.7% | 64.0% | 63.9% |
| ██▇▄▃▃▄▁ | Cost of Funds (%) | 2.42% | 2.41% | 2.36% | 2.17% | 2.12% | 2.15% | 2.17% | 2.01% |
| ▂▁▁████▇ | NPA / Assets (%) | 0.13% | 0.05% | 0.00% | 0.58% | 0.56% | 0.53% | 0.51% | 0.50% |
| ▂▁▁█████ | Net Charge-Off Ratio (%) | 0.17% | 0.07% | 0.00% | 0.75% | 0.72% | 0.72% | 0.68% | 0.66% |
| ▁▅▅▆▇███ | Tang. Book Value ($M) | $19 | $22 | $22 | $22 | $23 | $23 | $23 | $23 |
| ▁▁▃▃▆▅██ | Gross Loans ($M) | $119 | $118 | $124 | $126 | $131 | $129 | $136 | $138 |
| ▁▄▄▂▄▇██ | Total Deposits ($M) | $135 | $143 | $143 | $139 | $145 | $152 | $156 | $156 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 10% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 13% |