Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.34% | +0.20 | 0.14% |
| Return on Equity (%) | ▲ | 5.28% | +2.81 | 2.47% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.32 | 3.00% |
| Efficiency Ratio (%) | ▲ | 87.12% | -6.98 | 94.10% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.22 | $0 |
| Cost of Funds (%) | ▲ | 1.43% | -0.06 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $330 | +17.65 | $312 |
| Gross Loans ($M) | ▲ | $235 | +5.57 | $229 |
| Loan Growth YoY (%) | ▼ | 76.02% | -1.96 | 77.98% |
| Total Deposits ($M) | ▲ | $307 | +14.80 | $292 |
| Shareholders Equity ($M) | ▲ | $21 | +2.38 | $19 |
| Tang. Book Value ($M) | ▲ | $21 | +2.44 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +2.45 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 76.02% | -1.96 | 77.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.33% | -0.05 | 0.38% |
| Allowance / Loans (%) | — | 0.65% | -0.00% | 0.65% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.06 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.06% | +0.33 | 11.72% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▃▁▃▅▇█ | Net Interest Margin (%) | 3.14% | 3.13% | 3.10% | 3.00% | 3.09% | 3.18% | 3.26% | 3.32% |
| ▅█▆▁▅▇██ | Return on Assets (%) | 0.26% | 0.35% | 0.27% | 0.14% | 0.26% | 0.31% | 0.33% | 0.34% |
| ▆▃▅█▄▁▁▁ | Efficiency Ratio (%) | 91.5% | 88.9% | 90.7% | 94.1% | 89.4% | 87.0% | 86.4% | 87.1% |
| ▁▆██▇██▆ | Cost of Funds (%) | 1.30% | 1.43% | 1.47% | 1.50% | 1.45% | 1.49% | 1.47% | 1.43% |
| ▁▁▁████▇ | NPA / Assets (%) | 0.11% | 0.10% | 0.10% | 0.38% | 0.40% | 0.36% | 0.36% | 0.33% |
| ▁▁▁████▇ | Net Charge-Off Ratio (%) | 0.15% | 0.14% | 0.14% | 0.52% | 0.54% | 0.50% | 0.50% | 0.47% |
| ▁▅▂▄▅▇██ | Tang. Book Value ($M) | $17 | $19 | $17 | $19 | $19 | $20 | $21 | $21 |
| ▁▁▃▆██▇█ | Gross Loans ($M) | $215 | $213 | $219 | $229 | $234 | $236 | $233 | $235 |
| ▁▁▃▄▆▇▆█ | Total Deposits ($M) | $283 | $283 | $292 | $292 | $298 | $303 | $299 | $307 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 16% |