Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.09 | 0.54% |
| Return on Equity (%) | ▲ | 5.50% | +0.48 | 5.02% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.27 | 3.47% |
| Efficiency Ratio (%) | ▲ | 77.04% | -2.77 | 79.81% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.20 | $1 |
| Cost of Funds (%) | ▲ | 1.01% | -0.13 | 1.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $417 | +16.05 | $400 |
| Gross Loans ($M) | ▲ | $286 | +9.52 | $277 |
| Loan Growth YoY (%) | ▼ | 79.41% | -1.14 | 80.55% |
| Total Deposits ($M) | ▲ | $358 | +17.68 | $341 |
| Shareholders Equity ($M) | ▲ | $48 | +4.36 | $44 |
| Tang. Book Value ($M) | ▲ | $48 | +4.38 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +4.28 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 79.41% | -1.14 | 80.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.03 | 0.27% |
| Allowance / Loans (%) | — | 0.58% | -0.25% | 0.84% |
| Net Charge-Off Ratio (%) | ▲ | 0.35% | -0.04 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 3.26% | 3.30% | 3.29% | 3.47% | 3.48% | 3.51% | 3.55% | 3.73% |
| ▂▁▁▅▄▆▇█ | Return on Assets (%) | 0.47% | 0.45% | 0.43% | 0.54% | 0.51% | 0.56% | 0.58% | 0.63% |
| █▇█▄▂▂▁▁ | Efficiency Ratio (%) | 83.6% | 82.3% | 83.1% | 79.8% | 78.6% | 77.9% | 77.6% | 77.0% |
| ▆██▄▄▅▃▁ | Cost of Funds (%) | 1.21% | 1.29% | 1.30% | 1.14% | 1.13% | 1.16% | 1.10% | 1.01% |
| ▂▇▆▆█▅▁▅ | NPA / Assets (%) | 0.16% | 0.31% | 0.27% | 0.27% | 0.34% | 0.26% | 0.12% | 0.24% |
| ▂█▆▆█▅▁▅ | Net Charge-Off Ratio (%) | 0.23% | 0.46% | 0.38% | 0.39% | 0.50% | 0.37% | 0.18% | 0.35% |
| ▁▄▂▄▄▆██ | Tang. Book Value ($M) | $41 | $44 | $42 | $43 | $44 | $46 | $47 | $48 |
| ▁▂▄▃▄▅█▇ | Gross Loans ($M) | $270 | $274 | $279 | $277 | $279 | $280 | $289 | $286 |
| ▁▄▄▄▅▅██ | Total Deposits ($M) | $325 | $338 | $342 | $341 | $344 | $344 | $354 | $358 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 9% |