Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.62% | -0.06 | 1.68% |
| Return on Equity (%) | ▼ | 14.16% | -0.06 | 14.22% |
| Net Interest Margin (%) | ▼ | 3.33% | -0.07 | 3.40% |
| Efficiency Ratio (%) | ▲ | 48.51% | -0.25 | 48.76% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.16 | $2 |
| Cost of Funds (%) | ▲ | 2.90% | -0.27 | 3.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $601 | +39.07 | $562 |
| Gross Loans ($M) | ▲ | $481 | +31.04 | $450 |
| Loan Growth YoY (%) | ▲ | 95.73% | +1.21 | 94.52% |
| Total Deposits ($M) | ▲ | $496 | +26.13 | $470 |
| Shareholders Equity ($M) | ▲ | $68 | +2.72 | $65 |
| Tang. Book Value ($M) | ▲ | $68 | +2.72 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +3.17 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 95.73% | +1.21 | 94.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.90% | +0.80 | 0.10% |
| Allowance / Loans (%) | — | 1.29% | -0.01% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 1.12% | +1.00 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇██▅ | Net Interest Margin (%) | 3.09% | 3.16% | 3.21% | 3.40% | 3.44% | 3.54% | 3.55% | 3.33% |
| ▁▂▃▆▆██▅ | Return on Assets (%) | 1.37% | 1.45% | 1.50% | 1.68% | 1.71% | 1.81% | 1.83% | 1.62% |
| █▇▆▄▃▁▁▃ | Efficiency Ratio (%) | 52.6% | 51.8% | 50.8% | 48.8% | 48.1% | 46.5% | 46.3% | 48.5% |
| █▇▆▃▃▃▂▁ | Cost of Funds (%) | 3.83% | 3.67% | 3.49% | 3.18% | 3.19% | 3.17% | 3.04% | 2.90% |
| ▁▁▁▁▂▃▂█ | NPA / Assets (%) | 0.00% | 0.09% | 0.00% | 0.10% | 0.18% | 0.31% | 0.15% | 0.90% |
| ▁▁▁▁▂▃▂█ | Net Charge-Off Ratio (%) | 0.00% | 0.12% | 0.00% | 0.12% | 0.22% | 0.39% | 0.19% | 1.12% |
| ▁▂▄▄▅▇██ | Tang. Book Value ($M) | $62 | $63 | $64 | $65 | $66 | $67 | $68 | $68 |
| ▁▁▁▄▆▅▆█ | Gross Loans ($M) | $428 | $426 | $430 | $450 | $464 | $458 | $464 | $481 |
| ▁▄▂▄▅▄▃█ | Total Deposits ($M) | $449 | $470 | $455 | $470 | $478 | $467 | $466 | $496 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 9% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 32% |