Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.06 | 1.32% |
| Return on Equity (%) | ▲ | 11.10% | +1.35 | 9.75% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.07 | 4.00% |
| Efficiency Ratio (%) | ▼ | 74.88% | +10.97 | 63.92% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.20 | $1 |
| Cost of Funds (%) | ▲ | 2.41% | -0.16 | 2.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $304 | +35.47 | $268 |
| Gross Loans ($M) | ▲ | $172 | +12.16 | $160 |
| Loan Growth YoY (%) | ▼ | 68.41% | -5.35 | 73.76% |
| Total Deposits ($M) | ▲ | $249 | +34.19 | $215 |
| Shareholders Equity ($M) | ▲ | $38 | +1.33 | $36 |
| Tang. Book Value ($M) | ▲ | $36 | +1.41 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +3.61 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 68.41% | -5.35 | 73.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.24 | 0.39% |
| Allowance / Loans (%) | — | 1.23% | 0.07% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -0.45 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▅▄▄▂ | Net Interest Margin (%) | 4.35% | 4.30% | 4.24% | 4.00% | 4.18% | 4.15% | 4.14% | 4.07% |
| ▁▁▂▃█▆▅▃ | Return on Assets (%) | 1.00% | 1.06% | 1.25% | 1.32% | 2.07% | 1.79% | 1.55% | 1.38% |
| ▅▅▄▄▁▂▄█ | Efficiency Ratio (%) | 67.5% | 67.0% | 65.4% | 63.9% | 56.1% | 59.2% | 63.6% | 74.9% |
| ▆█▅▃▂▂▃▁ | Cost of Funds (%) | 2.74% | 2.86% | 2.67% | 2.57% | 2.50% | 2.47% | 2.53% | 2.41% |
| ▁▁▃▅█▄▄▂ | NPA / Assets (%) | 0.06% | 0.00% | 0.25% | 0.39% | 0.67% | 0.33% | 0.27% | 0.14% |
| ▂▁▆█▅▂▁▃ | Net Charge-Off Ratio (%) | 0.10% | 0.00% | 0.42% | 0.65% | 0.40% | 0.15% | 0.00% | 0.20% |
| ▁▂▃▅▇█▆▇ | Tang. Book Value ($M) | $32 | $33 | $34 | $35 | $36 | $37 | $36 | $36 |
| ▁▄▃▄▆███ | Gross Loans ($M) | $149 | $160 | $157 | $160 | $167 | $173 | $175 | $172 |
| ▁▂▄▄▅███ | Total Deposits ($M) | $183 | $192 | $210 | $215 | $219 | $244 | $247 | $249 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 23% |