Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.87% | +0.01 | 1.86% |
| Return on Equity (%) | ▼ | 13.77% | -0.30 | 14.07% |
| Net Interest Margin (%) | ▼ | 4.92% | -0.22 | 5.13% |
| Efficiency Ratio (%) | ▲ | 48.60% | -1.53 | 50.14% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.32 | $4 |
| Cost of Funds (%) | ▲ | 1.62% | -0.05 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $721 | +42.81 | $679 |
| Gross Loans ($M) | ▲ | $516 | +4.11 | $512 |
| Loan Growth YoY (%) | ▼ | 82.30% | -4.09 | 86.38% |
| Total Deposits ($M) | ▲ | $619 | +33.49 | $586 |
| Shareholders Equity ($M) | ▲ | $98 | +8.79 | $89 |
| Tang. Book Value ($M) | ▲ | $98 | +8.97 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $99 | +8.94 | $90 |
| Loan / Deposit Ratio (%) | ▼ | 82.30% | -4.09 | 86.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.10 | 0.23% |
| Allowance / Loans (%) | — | 1.32% | 0.08% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.46% | +0.16 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▄▄▅▅▁ | Net Interest Margin (%) | 5.23% | 5.36% | 5.31% | 5.13% | 5.08% | 5.17% | 5.18% | 4.92% |
| ▅▇█▆▅▁▄▆ | Return on Assets (%) | 1.83% | 1.90% | 1.93% | 1.86% | 1.84% | 1.72% | 1.83% | 1.87% |
| █▇▅▇▇▂▁▂ | Efficiency Ratio (%) | 50.7% | 50.1% | 49.5% | 50.1% | 50.4% | 48.6% | 48.2% | 48.6% |
| ▁▆▆▆▆██▄ | Cost of Funds (%) | 1.54% | 1.68% | 1.67% | 1.67% | 1.67% | 1.73% | 1.73% | 1.62% |
| ▃▁▁▁█▃▃▂ | NPA / Assets (%) | 0.34% | 0.25% | 0.17% | 0.23% | 0.83% | 0.36% | 0.38% | 0.33% |
| ▃▁▁▁█▃▃▃ | Net Charge-Off Ratio (%) | 0.46% | 0.32% | 0.22% | 0.30% | 1.11% | 0.50% | 0.54% | 0.46% |
| ▁▂▃▅▅▆▇█ | Tang. Book Value ($M) | $80 | $83 | $86 | $89 | $89 | $92 | $95 | $98 |
| ▁▂▄▆█▆▃▇ | Gross Loans ($M) | $479 | $486 | $499 | $512 | $528 | $512 | $496 | $516 |
| ▃▁▃▅▇█▇█ | Total Deposits ($M) | $565 | $538 | $561 | $586 | $606 | $616 | $605 | $619 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |