Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.32% | +0.26 | 0.06% |
| Return on Equity (%) | ▲ | 1.55% | +1.25 | 0.30% |
| Net Interest Margin (%) | ▲ | 2.81% | +0.44 | 2.37% |
| Efficiency Ratio (%) | ▲ | 85.52% | -11.34 | 96.86% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.45 | $0 |
| Cost of Funds (%) | ▲ | 1.57% | -0.14 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $535 | +4.54 | $531 |
| Gross Loans ($M) | ▲ | $390 | +12.08 | $378 |
| Loan Growth YoY (%) | ▲ | 92.66% | +3.19 | 89.47% |
| Total Deposits ($M) | ▼ | $419 | -1.44 | $421 |
| Shareholders Equity ($M) | ▲ | $111 | +5.57 | $105 |
| Tang. Book Value ($M) | ▲ | $111 | +5.57 | $105 |
| TBV excl. AOCI ($M)** | ▲ | $116 | +5.70 | $110 |
| Loan / Deposit Ratio (%) | ▲ | 92.66% | +3.19 | 89.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.13 | 0.15% |
| Allowance / Loans (%) | — | 0.44% | -0.01% | 0.45% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.18 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 39.39% | -2.49 | 41.88% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▅▆▆█ | Net Interest Margin (%) | 1.88% | 2.05% | 2.12% | 2.37% | 2.44% | 2.51% | 2.56% | 2.81% |
| ▁▁▁▂█▇▆▃ | Return on Assets (%) | -0.18% | -0.07% | -0.02% | 0.06% | 1.21% | 0.91% | 0.79% | 0.32% |
| █▇▇▆▁▁▂▄ | Efficiency Ratio (%) | 110.7% | 104.8% | 102.3% | 96.9% | 68.4% | 72.8% | 74.5% | 85.5% |
| █▆▆▅▅▆▄▁ | Cost of Funds (%) | 1.83% | 1.77% | 1.74% | 1.71% | 1.73% | 1.74% | 1.69% | 1.57% |
| █▄▇▅█▁▄▁ | NPA / Assets (%) | 0.24% | 0.13% | 0.21% | 0.15% | 0.25% | 0.04% | 0.11% | 0.02% |
| █▄▇▅█▁▄▁ | Net Charge-Off Ratio (%) | 0.32% | 0.17% | 0.29% | 0.20% | 0.34% | 0.05% | 0.14% | 0.02% |
| ▁▇▇▇████ | Tang. Book Value ($M) | $78 | $106 | $104 | $105 | $109 | $110 | $111 | $111 |
| ▁▁▁▄▅▅▄█ | Gross Loans ($M) | $370 | $369 | $369 | $378 | $381 | $381 | $378 | $390 |
| █▁▃▄▅▅▃▃ | Total Deposits ($M) | $433 | $412 | $419 | $421 | $425 | $424 | $419 | $419 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 11% |