Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.57% | +0.16 | 1.41% |
| Return on Equity (%) | ▲ | 15.10% | +1.12 | 13.98% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.13 | 3.97% |
| Efficiency Ratio (%) | ▲ | 49.74% | -3.81 | 53.55% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.27 | $1 |
| Cost of Funds (%) | ▲ | 1.73% | -0.16 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $299 | +13.99 | $285 |
| Gross Loans ($M) | ▲ | $216 | +2.21 | $214 |
| Loan Growth YoY (%) | ▼ | 80.65% | -5.11 | 85.76% |
| Total Deposits ($M) | ▲ | $264 | +17.79 | $247 |
| Shareholders Equity ($M) | ▲ | $31 | +2.90 | $29 |
| Tang. Book Value ($M) | ▲ | $31 | +2.90 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +2.99 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 80.65% | -5.11 | 85.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.37% | +1.04 | 0.33% |
| Allowance / Loans (%) | — | 1.29% | 0.20% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 1.82% | +1.38 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▇█▇ | Net Interest Margin (%) | 3.73% | 3.74% | 3.84% | 3.97% | 4.07% | 4.12% | 4.17% | 4.10% |
| ▁▁▃▃▇█▆█ | Return on Assets (%) | 1.33% | 1.34% | 1.41% | 1.41% | 1.53% | 1.59% | 1.52% | 1.57% |
| █▇▅▇▃▁▁▁ | Efficiency Ratio (%) | 54.8% | 53.7% | 52.2% | 53.6% | 51.2% | 49.4% | 49.5% | 49.7% |
| ▇▇█▃▄▃▃▁ | Cost of Funds (%) | 2.08% | 2.11% | 2.17% | 1.89% | 1.90% | 1.89% | 1.84% | 1.73% |
| ▁▃▁▁▂▂▃█ | NPA / Assets (%) | 0.37% | 0.59% | 0.33% | 0.33% | 0.46% | 0.53% | 0.60% | 1.37% |
| ▁▃▁▁▁▂▃█ | Net Charge-Off Ratio (%) | 0.49% | 0.82% | 0.42% | 0.44% | 0.59% | 0.70% | 0.85% | 1.82% |
| ▁▃▃▄▅▇▇█ | Tang. Book Value ($M) | $26 | $28 | $28 | $29 | $29 | $30 | $31 | $31 |
| ▁▃▄▇██▇█ | Gross Loans ($M) | $199 | $205 | $207 | $214 | $218 | $217 | $214 | $216 |
| ▁▄▃▅▆███ | Total Deposits ($M) | $220 | $240 | $237 | $247 | $252 | $266 | $265 | $264 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 15% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |