Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.15 | 0.93% |
| Return on Equity (%) | ▲ | 7.22% | +0.29 | 6.93% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.31 | 3.71% |
| Efficiency Ratio (%) | ▲ | 64.23% | -5.86 | 70.09% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.10 | $0 |
| Cost of Funds (%) | ▲ | 1.51% | -0.16 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $129 | -4.26 | $134 |
| Gross Loans ($M) | ▲ | $61 | +1.97 | $59 |
| Loan Growth YoY (%) | ▲ | 55.98% | +3.44 | 52.54% |
| Total Deposits ($M) | ▼ | $108 | -3.39 | $112 |
| Shareholders Equity ($M) | ▲ | $19 | +1.69 | $18 |
| Tang. Book Value ($M) | ▲ | $19 | +1.69 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +1.83 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 55.98% | +3.44 | 52.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.46 | 0.62% |
| Allowance / Loans (%) | — | 1.04% | 0.01% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.52% | -0.12 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▄▅▆█ | Net Interest Margin (%) | 3.46% | 3.55% | 3.58% | 3.71% | 3.70% | 3.78% | 3.83% | 4.02% |
| ▁▁▂▄▄███ | Return on Assets (%) | 0.79% | 0.82% | 0.85% | 0.93% | 0.93% | 1.06% | 1.06% | 1.08% |
| ▇██▅▅▃▃▁ | Efficiency Ratio (%) | 73.4% | 74.9% | 74.6% | 70.1% | 70.0% | 67.9% | 67.4% | 64.2% |
| ███▅▇▆▃▁ | Cost of Funds (%) | 1.78% | 1.77% | 1.77% | 1.67% | 1.72% | 1.70% | 1.59% | 1.51% |
| ▁▅▂▄▂▃▇█ | NPA / Assets (%) | 0.33% | 0.79% | 0.44% | 0.62% | 0.50% | 0.57% | 0.98% | 1.08% |
| ▂█▄▃▁▁▆▂ | Net Charge-Off Ratio (%) | 0.56% | 1.48% | 0.84% | 0.64% | 0.35% | 0.37% | 1.13% | 0.52% |
| ▁▅▁▃▅███ | Tang. Book Value ($M) | $17 | $18 | $17 | $18 | $18 | $19 | $19 | $19 |
| ▇▆█▃▁▄▇█ | Gross Loans ($M) | $61 | $61 | $61 | $59 | $58 | $60 | $61 | $61 |
| ▃▁▂█▆▃▆▅ | Total Deposits ($M) | $106 | $103 | $105 | $112 | $109 | $106 | $109 | $108 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 9% |
| Consumer | 13% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |