Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.18 | 0.91% |
| Return on Equity (%) | ▲ | 8.07% | +0.80 | 7.27% |
| Net Interest Margin (%) | ▲ | 3.28% | +0.33 | 2.95% |
| Efficiency Ratio (%) | ▲ | 53.60% | -3.57 | 57.16% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $2 |
| Cost of Funds (%) | ▲ | 2.31% | -0.33 | 2.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $544 | +1.44 | $543 |
| Gross Loans ($M) | ▼ | $419 | -24.85 | $443 |
| Loan Growth YoY (%) | ▼ | 93.07% | -3.95 | 97.02% |
| Total Deposits ($M) | ▼ | $442 | -7.36 | $449 |
| Shareholders Equity ($M) | ▲ | $74 | +5.84 | $68 |
| Tang. Book Value ($M) | ▲ | $74 | +5.84 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +6.49 | $69 |
| Loan / Deposit Ratio (%) | ▼ | 93.07% | -3.95 | 97.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.10 | 0.00% |
| Allowance / Loans (%) | — | 1.80% | 0.04% | 1.76% |
| Net Charge-Off Ratio (%) | ▼ | 0.12% | +0.12 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.15% | +2.55 | 15.60% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▇▇█ | Net Interest Margin (%) | 2.65% | 2.69% | 2.73% | 2.95% | 3.03% | 3.14% | 3.18% | 3.28% |
| ▁▁▃▅▆▇██ | Return on Assets (%) | 0.69% | 0.74% | 0.82% | 0.91% | 0.98% | 1.06% | 1.12% | 1.09% |
| █▇▅▄▃▂▁▂ | Efficiency Ratio (%) | 63.7% | 61.9% | 58.6% | 57.2% | 54.6% | 52.8% | 51.0% | 53.6% |
| ▇█▄▄▄▅▂▁ | Cost of Funds (%) | 3.02% | 3.13% | 2.71% | 2.64% | 2.64% | 2.76% | 2.50% | 2.31% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.10% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.12% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $64 | $65 | $67 | $68 | $69 | $71 | $72 | $74 |
| ▄▂▆▇█▆▅▁ | Gross Loans ($M) | $434 | $426 | $439 | $443 | $451 | $439 | $438 | $419 |
| ▁▁▅▅█▁▃▃ | Total Deposits ($M) | $436 | $435 | $447 | $449 | $458 | $435 | $442 | $442 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 40% |