Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.67% | -0.46 | 2.13% |
| Return on Equity (%) | ▼ | 18.67% | -5.00 | 23.67% |
| Net Interest Margin (%) | ▼ | 4.30% | -0.04 | 4.34% |
| Efficiency Ratio (%) | ▼ | 52.35% | +0.51 | 51.84% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.15 | $2 |
| Cost of Funds (%) | ▼ | 1.85% | +0.24 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $467 | +71.43 | $395 |
| Gross Loans ($M) | ▲ | $346 | +47.92 | $299 |
| Loan Growth YoY (%) | ▼ | 81.06% | -2.03 | 83.09% |
| Total Deposits ($M) | ▲ | $421 | +66.53 | $355 |
| Shareholders Equity ($M) | ▲ | $42 | +4.78 | $37 |
| Tang. Book Value ($M) | ▲ | $42 | +4.78 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +5.11 | $39 |
| Loan / Deposit Ratio (%) | ▼ | 81.06% | -2.03 | 83.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.62% | +0.77 | 0.86% |
| Allowance / Loans (%) | — | 1.42% | 0.17% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 1.75% | +0.62 | 1.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.01% | -0.72 | 13.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▆█▃ | Net Interest Margin (%) | 4.22% | 4.23% | 4.29% | 4.34% | 4.34% | 4.39% | 4.48% | 4.30% |
| ▅▆▇█▆▆▆▁ | Return on Assets (%) | 1.93% | 1.98% | 2.02% | 2.13% | 1.99% | 2.01% | 1.99% | 1.67% |
| █▆▁▃▅▂▇▅ | Efficiency Ratio (%) | 53.0% | 52.4% | 51.2% | 51.8% | 52.2% | 51.7% | 52.7% | 52.3% |
| ▂▃▃▁▅█▆▇ | Cost of Funds (%) | 1.66% | 1.71% | 1.73% | 1.61% | 1.81% | 1.93% | 1.85% | 1.85% |
| ▁▁▂▄█▇▇█ | NPA / Assets (%) | 0.07% | 0.17% | 0.40% | 0.86% | 1.72% | 1.43% | 1.39% | 1.62% |
| ▁▁▂▄█▇▅▇ | Net Charge-Off Ratio (%) | 0.09% | 0.22% | 0.53% | 1.13% | 2.30% | 1.91% | 1.36% | 1.75% |
| ▁▂▂▅▆▇██ | Tang. Book Value ($M) | $31 | $33 | $33 | $37 | $38 | $40 | $41 | $42 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $265 | $277 | $288 | $299 | $309 | $316 | $337 | $346 |
| ▁▂▃▃▅▅██ | Total Deposits ($M) | $320 | $337 | $346 | $355 | $373 | $379 | $414 | $421 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 19% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 20% |