Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.10 | 0.90% |
| Return on Equity (%) | ▼ | 9.04% | -0.09 | 9.13% |
| Net Interest Margin (%) | ▲ | 4.47% | +0.31 | 4.15% |
| Efficiency Ratio (%) | ▼ | 75.58% | +1.71 | 73.88% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.07 | $1 |
| Cost of Funds (%) | ▲ | 1.41% | -0.20 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $415 | +3.19 | $411 |
| Gross Loans ($M) | ▲ | $320 | +13.92 | $306 |
| Loan Growth YoY (%) | ▲ | 87.22% | +3.15 | 84.07% |
| Total Deposits ($M) | ▲ | $364 | +2.96 | $361 |
| Shareholders Equity ($M) | ▲ | $46 | +3.33 | $42 |
| Tang. Book Value ($M) | ▲ | $39 | +3.59 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +3.51 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 87.22% | +3.15 | 84.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.62% | -0.19 | 0.81% |
| Allowance / Loans (%) | — | 0.77% | -0.05% | 0.82% |
| Net Charge-Off Ratio (%) | ▲ | 0.80% | -0.28 | 1.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▄▆█ | Net Interest Margin (%) | 3.91% | 3.90% | 3.93% | 4.15% | 4.14% | 4.16% | 4.26% | 4.47% |
| ▄▃▁▇▇▇▇█ | Return on Assets (%) | 0.67% | 0.62% | 0.44% | 0.90% | 0.86% | 0.86% | 0.89% | 1.00% |
| ▅▅█▁▁▁▁▁ | Efficiency Ratio (%) | 82.0% | 82.8% | 88.3% | 73.9% | 75.3% | 75.6% | 75.3% | 75.6% |
| ▇█▃▃▃▃▃▁ | Cost of Funds (%) | 1.86% | 1.98% | 1.61% | 1.61% | 1.56% | 1.62% | 1.61% | 1.41% |
| ▅██▆▅▂▃▁ | NPA / Assets (%) | 0.77% | 0.88% | 0.85% | 0.81% | 0.76% | 0.68% | 0.70% | 0.62% |
| ▄██▇▇▄▃▁ | Net Charge-Off Ratio (%) | 0.96% | 1.10% | 1.13% | 1.09% | 1.06% | 0.93% | 0.90% | 0.80% |
| ▁▁▂▅▆▇██ | Tang. Book Value ($M) | $30 | $31 | $32 | $35 | $36 | $38 | $38 | $39 |
| ▁▁█▇▇▇██ | Gross Loans ($M) | $258 | $264 | $314 | $306 | $308 | $312 | $318 | $320 |
| ▁▁█▇██▇▇ | Total Deposits ($M) | $278 | $283 | $368 | $361 | $375 | $376 | $358 | $364 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 5% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 3% |