Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.30% | +0.04 | 0.26% |
| Return on Equity (%) | ▲ | 2.73% | +0.49 | 2.24% |
| Net Interest Margin (%) | ▲ | 2.26% | +0.00 | 2.26% |
| Efficiency Ratio (%) | ▲ | 78.32% | -2.95 | 81.27% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.17 | $1 |
| Cost of Funds (%) | ▼ | 2.39% | +0.03 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $593 | +65.32 | $528 |
| Gross Loans ($M) | ▲ | $366 | +33.04 | $333 |
| Loan Growth YoY (%) | ▼ | 75.63% | -3.15 | 78.78% |
| Total Deposits ($M) | ▲ | $480 | +60.39 | $420 |
| Shareholders Equity ($M) | ▲ | $64 | +3.18 | $61 |
| Tang. Book Value ($M) | ▲ | $64 | +3.18 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +2.63 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 75.63% | -3.15 | 78.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.26% | +0.59 | 0.67% |
| Allowance / Loans (%) | — | 0.88% | 0.09% | 0.79% |
| Net Charge-Off Ratio (%) | ▼ | 1.79% | +0.73 | 1.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▆██▃ | Net Interest Margin (%) | 2.21% | 2.21% | 2.21% | 2.26% | 2.32% | 2.36% | 2.36% | 2.26% |
| ▅▆▅▂▆█▁▄ | Return on Assets (%) | 0.32% | 0.34% | 0.32% | 0.26% | 0.34% | 0.40% | 0.22% | 0.30% |
| ▅▃▄▃▁▁█▁ | Efficiency Ratio (%) | 82.8% | 80.6% | 81.5% | 81.3% | 78.8% | 78.2% | 86.9% | 78.3% |
| ▁▄█▅▅█▄▆ | Cost of Funds (%) | 2.25% | 2.33% | 2.43% | 2.36% | 2.37% | 2.45% | 2.33% | 2.39% |
| ▁▁▂▂▅▅▆█ | NPA / Assets (%) | 0.57% | 0.57% | 0.67% | 0.67% | 0.93% | 0.97% | 1.01% | 1.26% |
| ▁▁▂▁▅▃▄█ | Net Charge-Off Ratio (%) | 0.97% | 0.97% | 1.09% | 1.05% | 1.40% | 1.25% | 1.37% | 1.79% |
| ▁█▂▄▃███ | Tang. Book Value ($M) | $57 | $64 | $59 | $61 | $60 | $64 | $65 | $64 |
| ▁▂▃▅▇▇██ | Gross Loans ($M) | $294 | $308 | $317 | $333 | $350 | $356 | $362 | $366 |
| ▁▁▂▅▆▆██ | Total Deposits ($M) | $356 | $363 | $384 | $420 | $434 | $440 | $469 | $480 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 8% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 22% |