Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.75% | +0.05 | 0.70% |
| Return on Equity (%) | ▼ | 5.01% | -0.11 | 5.12% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.46 | 2.92% |
| Efficiency Ratio (%) | ▲ | 60.43% | -7.28 | 67.71% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.31 | $1 |
| Cost of Funds (%) | ▲ | 1.67% | -0.13 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $273 | +4.96 | $268 |
| Gross Loans ($M) | ▲ | $153 | +20.15 | $132 |
| Loan Growth YoY (%) | ▲ | 73.80% | +11.06 | 62.74% |
| Total Deposits ($M) | ▼ | $205 | -4.54 | $209 |
| Shareholders Equity ($M) | ▲ | $41 | +4.81 | $36 |
| Tang. Book Value ($M) | ▲ | $41 | +4.81 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +3.45 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 73.80% | +11.06 | 62.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.03 | 0.25% |
| Allowance / Loans (%) | — | 0.91% | 0.11% | 0.80% |
| Net Charge-Off Ratio (%) | ▲ | 0.51% | -0.00 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▄█ | Net Interest Margin (%) | 2.85% | 2.84% | 2.85% | 2.92% | 3.00% | 3.05% | 3.10% | 3.38% |
| █▆▃▁▂▂▃▁ | Return on Assets (%) | 1.27% | 1.09% | 0.90% | 0.70% | 0.78% | 0.83% | 0.87% | 0.75% |
| ▁▃▅█▆▅▄▁ | Efficiency Ratio (%) | 59.4% | 62.2% | 64.0% | 67.7% | 65.6% | 63.8% | 62.8% | 60.4% |
| ███▆▆▇▃▁ | Cost of Funds (%) | 1.83% | 1.83% | 1.85% | 1.80% | 1.79% | 1.82% | 1.73% | 1.67% |
| █▆▇▃▁▁▃█ | NPA / Assets (%) | 0.28% | 0.27% | 0.28% | 0.25% | 0.24% | 0.25% | 0.26% | 0.29% |
| █▆▆▃▁▁▁▃ | Net Charge-Off Ratio (%) | 0.63% | 0.58% | 0.58% | 0.52% | 0.49% | 0.48% | 0.47% | 0.51% |
| ▁▄▁▂▂▅██ | Tang. Book Value ($M) | $36 | $38 | $36 | $36 | $36 | $39 | $41 | $41 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $116 | $124 | $126 | $132 | $136 | $140 | $152 | $153 |
| ▁▃▁▅█▇▄▂ | Total Deposits ($M) | $202 | $206 | $202 | $209 | $216 | $214 | $207 | $205 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 8% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 11% |