Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.27 | 1.02% |
| Return on Equity (%) | ▲ | 12.75% | +2.26 | 10.49% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.32 | 3.35% |
| Efficiency Ratio (%) | ▲ | 56.64% | -4.03 | 60.67% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.33 | $1 |
| Cost of Funds (%) | ▼ | 0.96% | +0.10 | 0.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $367 | +20.51 | $346 |
| Gross Loans ($M) | ▼ | $204 | -1.43 | $206 |
| Loan Growth YoY (%) | ▼ | 61.97% | -3.79 | 65.76% |
| Total Deposits ($M) | ▲ | $326 | +16.65 | $309 |
| Shareholders Equity ($M) | ▲ | $37 | +4.00 | $33 |
| Tang. Book Value ($M) | ▲ | $37 | +4.00 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +4.13 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 61.97% | -3.79 | 65.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.05 | 0.09% |
| Allowance / Loans (%) | — | 1.23% | -0.00% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.10 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 2.90% | 2.99% | 3.08% | 3.35% | 3.46% | 3.57% | 3.62% | 3.67% |
| ▁▂▂▄▅▆▇█ | Return on Assets (%) | 0.78% | 0.86% | 0.89% | 1.02% | 1.06% | 1.14% | 1.19% | 1.30% |
| █▇▇▃▄▄▃▁ | Efficiency Ratio (%) | 68.0% | 65.9% | 65.6% | 60.7% | 62.2% | 61.0% | 60.3% | 56.6% |
| █▆▃▁▄▇█▅ | Cost of Funds (%) | 1.01% | 0.98% | 0.92% | 0.85% | 0.94% | 1.00% | 1.03% | 0.96% |
| ▆▅▃▁▁██▄ | NPA / Assets (%) | 0.17% | 0.15% | 0.13% | 0.09% | 0.09% | 0.20% | 0.19% | 0.14% |
| ▆▅▃▁▁██▅ | Net Charge-Off Ratio (%) | 0.27% | 0.25% | 0.22% | 0.16% | 0.16% | 0.34% | 0.33% | 0.26% |
| ▁▄▄▄▆███ | Tang. Book Value ($M) | $30 | $33 | $33 | $33 | $35 | $37 | $36 | $37 |
| ▁▆▁█▁▁█▅ | Gross Loans ($M) | $202 | $205 | $202 | $206 | $202 | $203 | $206 | $204 |
| ▂▁▁▅▄▄▆█ | Total Deposits ($M) | $299 | $295 | $292 | $309 | $307 | $305 | $316 | $326 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 12% |