Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.64% | -0.66 | 2.30% |
| Return on Equity (%) | ▼ | 16.08% | -8.14 | 24.22% |
| Net Interest Margin (%) | ▼ | 4.74% | -0.18 | 4.93% |
| Efficiency Ratio (%) | ▼ | 65.54% | +8.94 | 56.60% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.45 | $2 |
| Cost of Funds (%) | ▼ | 1.34% | +0.09 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $317 | +4.32 | $313 |
| Gross Loans ($M) | ▼ | $214 | -8.27 | $223 |
| Loan Growth YoY (%) | ▼ | 77.29% | -4.37 | 81.66% |
| Total Deposits ($M) | ▲ | $274 | +4.77 | $269 |
| Shareholders Equity ($M) | ▲ | $33 | +2.68 | $30 |
| Tang. Book Value ($M) | ▲ | $33 | +2.68 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +2.54 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 77.29% | -4.37 | 81.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -1.15 | 1.15% |
| Allowance / Loans (%) | — | 1.16% | -0.04% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -1.62 | 1.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▅▇▆███▁ | Net Interest Margin (%) | 4.94% | 4.88% | 4.95% | 4.93% | 4.98% | 4.99% | 4.99% | 4.74% |
| █▇███▅▃▁ | Return on Assets (%) | 2.34% | 2.23% | 2.27% | 2.30% | 2.32% | 2.07% | 1.87% | 1.64% |
| ▁▁▁▁▁▁▁█ | Efficiency Ratio (%) | 56.1% | 56.5% | 56.1% | 56.6% | 55.6% | 56.5% | 55.5% | 65.5% |
| ▁▁▂▃▆██▅ | Cost of Funds (%) | 1.15% | 1.18% | 1.22% | 1.26% | 1.39% | 1.47% | 1.47% | 1.34% |
| ▁▇▇▇█▂█▁ | NPA / Assets (%) | 0.00% | 1.16% | 1.16% | 1.15% | 1.38% | 0.23% | 1.45% | 0.00% |
| ▁▇▇▇█▂█▁ | Net Charge-Off Ratio (%) | 0.00% | 1.83% | 1.68% | 1.62% | 1.99% | 0.35% | 2.13% | 0.00% |
| ▁▃▁▄▃▆▇█ | Tang. Book Value ($M) | $28 | $30 | $29 | $30 | $30 | $31 | $32 | $33 |
| ▁▁▆███▆▆ | Gross Loans ($M) | $193 | $196 | $213 | $223 | $224 | $220 | $215 | $214 |
| ▁▄▄▄▆█▅▅ | Total Deposits ($M) | $251 | $267 | $267 | $269 | $281 | $293 | $275 | $274 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 11% |