Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 3.29% | -0.20 | 3.49% |
| Return on Equity (%) | ▼ | 6.57% | -0.54 | 7.11% |
| Net Interest Margin (%) | ▼ | 4.53% | -0.25 | 4.77% |
| Efficiency Ratio (%) | ▼ | 11.70% | +0.71 | 10.99% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.01 | $3 |
| Cost of Funds (%) | ▲ | 0.82% | -0.07 | 0.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $339 | +16.69 | $323 |
| Gross Loans ($M) | ▲ | $200 | +6.37 | $194 |
| Loan Growth YoY (%) | ▼ | 117.16% | -0.46 | 117.63% |
| Total Deposits ($M) | ▲ | $168 | +6.08 | $162 |
| Shareholders Equity ($M) | ▲ | $170 | +11.31 | $158 |
| Tang. Book Value ($M) | ▲ | $170 | +11.31 | $158 |
| TBV excl. AOCI ($M)** | ▲ | $173 | +12.41 | $161 |
| Loan / Deposit Ratio (%) | ▼ | 117.16% | -0.46 | 117.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.53% | -0.10 | 0.63% |
| Allowance / Loans (%) | — | 1.47% | -0.05% | 1.51% |
| Net Charge-Off Ratio (%) | ▲ | 0.79% | -0.13 | 0.91% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▆▄▄▅█▇▁ | Net Interest Margin (%) | 4.73% | 4.87% | 4.75% | 4.77% | 4.79% | 5.03% | 4.93% | 4.53% |
| ▃▁▁▇▄█▇▄ | Return on Assets (%) | 3.14% | 2.96% | 3.04% | 3.49% | 3.28% | 3.63% | 3.49% | 3.29% |
| ▁█▆▁▇▁▁▁ | Efficiency Ratio (%) | 11.3% | 17.1% | 15.1% | 11.0% | 15.6% | 11.1% | 11.6% | 11.7% |
| ▃▇█▇▇▇▄▁ | Cost of Funds (%) | 0.84% | 0.89% | 0.91% | 0.89% | 0.89% | 0.90% | 0.85% | 0.82% |
| ▁█▃▃▄▆▇▂ | NPA / Assets (%) | 0.36% | 1.31% | 0.64% | 0.63% | 0.77% | 0.98% | 1.10% | 0.53% |
| ▁█▂▂▅▇▇▂ | Net Charge-Off Ratio (%) | 0.56% | 2.08% | 0.91% | 0.91% | 1.39% | 1.74% | 1.87% | 0.79% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $150 | $153 | $156 | $158 | $161 | $164 | $167 | $170 |
| ▆▅▆▆▁▂▇█ | Gross Loans ($M) | $194 | $193 | $195 | $194 | $180 | $184 | $197 | $200 |
| ▁▁▅▆▆▅▇█ | Total Deposits ($M) | $150 | $152 | $160 | $162 | $163 | $161 | $166 | $168 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 5% |