Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.58% | +0.28 | 2.30% |
| Return on Equity (%) | ▲ | 18.51% | +0.28 | 18.23% |
| Net Interest Margin (%) | ▲ | 4.87% | +0.08 | 4.78% |
| Efficiency Ratio (%) | ▲ | 51.73% | -2.58 | 54.31% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▼ | 1.37% | +0.02 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $238 | +19.61 | $218 |
| Gross Loans ($M) | ▼ | $164 | -9.13 | $173 |
| Loan Growth YoY (%) | ▼ | 79.06% | -15.64 | 94.70% |
| Total Deposits ($M) | ▲ | $205 | +24.98 | $180 |
| Shareholders Equity ($M) | ▲ | $31 | +3.06 | $28 |
| Tang. Book Value ($M) | ▲ | $31 | +3.06 | $28 |
| Loan / Deposit Ratio (%) | ▼ | 79.06% | -15.64 | 94.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.77% | +2.32 | 0.45% |
| Allowance / Loans (%) | — | 1.33% | -0.36% | 1.69% |
| Net Charge-Off Ratio (%) | ▼ | 4.02% | +3.45 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▆███▇ | Net Interest Margin (%) | 4.33% | 4.53% | 4.59% | 4.78% | 5.01% | 4.98% | 5.02% | 4.87% |
| ▁▆▁▁▄▃██ | Return on Assets (%) | 2.28% | 2.48% | 2.31% | 2.30% | 2.43% | 2.39% | 2.55% | 2.58% |
| ▂▁▁███▄▅ | Efficiency Ratio (%) | 50.4% | 49.1% | 49.7% | 54.3% | 54.0% | 53.7% | 51.3% | 51.7% |
| █▇█▁▁▅▂▁ | Cost of Funds (%) | 1.66% | 1.58% | 1.67% | 1.34% | 1.33% | 1.53% | 1.38% | 1.37% |
| ▃▂▂▂▁▁▂█ | NPA / Assets (%) | 0.80% | 0.43% | 0.46% | 0.45% | 0.00% | 0.32% | 0.44% | 2.77% |
| ▃▂▂▂▁▁▂█ | Net Charge-Off Ratio (%) | 1.05% | 0.54% | 0.57% | 0.57% | 0.00% | 0.39% | 0.53% | 4.02% |
| ▁▃▄▅▅▆██ | Tang. Book Value ($M) | $24 | $26 | $27 | $28 | $28 | $29 | $30 | $31 |
| ▇█▅▄▃▁▁▁ | Gross Loans ($M) | $179 | $183 | $174 | $173 | $169 | $164 | $164 | $164 |
| █▃▅▄▁▁▂█ | Total Deposits ($M) | $209 | $176 | $185 | $180 | $158 | $158 | $167 | $205 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 12% |