Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.84% | -0.15 | 0.99% |
| Return on Equity (%) | ▼ | 5.05% | -0.63 | 5.68% |
| Net Interest Margin (%) | ▼ | 4.21% | -0.06 | 4.27% |
| Efficiency Ratio (%) | ▲ | 71.57% | -0.15 | 71.72% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $1 |
| Cost of Funds (%) | ▲ | 1.51% | -0.13 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $490 | +46.45 | $443 |
| Gross Loans ($M) | ▲ | $322 | +1.75 | $320 |
| Loan Growth YoY (%) | ▼ | 80.54% | -8.45 | 88.99% |
| Total Deposits ($M) | ▲ | $394 | +40.00 | $354 |
| Shareholders Equity ($M) | ▲ | $81 | +3.60 | $77 |
| Tang. Book Value ($M) | ▲ | $80 | +3.60 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +3.50 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 80.54% | -8.45 | 88.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.76% | +2.22 | 0.54% |
| Allowance / Loans (%) | — | 1.39% | -0.17% | 1.56% |
| Net Charge-Off Ratio (%) | ▼ | 4.19% | +3.56 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅█▇█▃ | Net Interest Margin (%) | 4.11% | 4.13% | 4.22% | 4.27% | 4.40% | 4.34% | 4.39% | 4.21% |
| ▄▄▁█▇▇▆▄ | Return on Assets (%) | 0.82% | 0.81% | 0.69% | 0.99% | 0.92% | 0.96% | 0.92% | 0.84% |
| ▃▃█▁▃▁▃▁ | Efficiency Ratio (%) | 73.7% | 73.6% | 78.2% | 71.7% | 74.0% | 72.1% | 73.8% | 71.6% |
| ███▄▃▇▅▁ | Cost of Funds (%) | 1.82% | 1.84% | 1.83% | 1.64% | 1.63% | 1.79% | 1.69% | 1.51% |
| ▁▂▁▁▁▂▃█ | NPA / Assets (%) | 0.55% | 0.61% | 0.51% | 0.54% | 0.30% | 0.88% | 0.95% | 2.76% |
| ▁▁▁▁▁▂▃█ | Net Charge-Off Ratio (%) | 0.59% | 0.71% | 0.55% | 0.64% | 0.36% | 1.27% | 1.45% | 4.19% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $73 | $75 | $75 | $76 | $77 | $79 | $79 | $80 |
| █▇█▆▅▁▂▇ | Gross Loans ($M) | $324 | $321 | $324 | $320 | $318 | $312 | $313 | $322 |
| ▁▁▂▃▇▇▇█ | Total Deposits ($M) | $333 | $338 | $343 | $354 | $382 | $387 | $383 | $394 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 30% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 10% |