Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.01% | -0.17 | 2.18% |
| Return on Equity (%) | ▼ | 17.90% | -2.82 | 20.72% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.18 | 4.04% |
| Efficiency Ratio (%) | ▼ | 51.68% | +2.57 | 49.11% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.13 | $1 |
| Cost of Funds (%) | ▲ | 1.66% | -0.20 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $254 | +11.72 | $242 |
| Gross Loans ($M) | ▼ | $187 | -8.59 | $195 |
| Loan Growth YoY (%) | ▼ | 83.02% | -12.13 | 95.15% |
| Total Deposits ($M) | ▲ | $221 | +18.89 | $202 |
| Shareholders Equity ($M) | ▲ | $29 | +1.58 | $27 |
| Tang. Book Value ($M) | ▲ | $29 | +1.58 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 83.02% | -12.13 | 95.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.64% | 0.21% | 1.44% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.19% | +1.27 | 13.92% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇▇██ | Net Interest Margin (%) | 3.39% | 3.46% | 3.64% | 4.04% | 4.17% | 4.20% | 4.33% | 4.21% |
| ▁▁▂█▇▇█▆ | Return on Assets (%) | 1.42% | 1.46% | 1.59% | 2.18% | 2.08% | 2.14% | 2.27% | 2.01% |
| ███▃▆▃▁▇ | Efficiency Ratio (%) | 52.6% | 52.7% | 52.4% | 49.1% | 50.9% | 49.3% | 47.5% | 51.7% |
| ██▂▄▁▁▅▁ | Cost of Funds (%) | 2.10% | 2.09% | 1.72% | 1.86% | 1.67% | 1.63% | 1.89% | 1.66% |
| ▅▅▄▁█▁▁▁ | NPA / Assets (%) | 0.23% | 0.23% | 0.18% | 0.00% | 0.41% | 0.00% | 0.00% | 0.00% |
| ▄▄▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.25% | 0.26% | 0.00% | 0.00% | 0.52% | 0.00% | 0.00% | 0.00% |
| ▁▃▃▅▇███ | Tang. Book Value ($M) | $24 | $26 | $26 | $27 | $28 | $28 | $28 | $29 |
| ▇▆█▆██▅▁ | Gross Loans ($M) | $197 | $196 | $198 | $195 | $198 | $199 | $193 | $187 |
| ▂▂▁▁▁█▃▄ | Total Deposits ($M) | $210 | $207 | $205 | $202 | $206 | $241 | $215 | $221 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 14% |