Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.34% | -0.08 | 0.42% |
| Return on Equity (%) | ▼ | 2.91% | -0.71 | 3.62% |
| Net Interest Margin (%) | ▲ | 2.72% | +0.33 | 2.39% |
| Efficiency Ratio (%) | ▼ | 84.42% | +5.25 | 79.17% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.20 | $1 |
| Cost of Funds (%) | ▲ | 1.89% | -0.21 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,008 | +25.88 | $982 |
| Gross Loans ($M) | ▲ | $857 | +4.21 | $852 |
| Loan Growth YoY (%) | ▼ | 116.39% | -3.78 | 120.16% |
| Total Deposits ($M) | ▲ | $731 | +26.38 | $705 |
| Shareholders Equity ($M) | ▲ | $118 | +3.17 | $114 |
| Tang. Book Value ($M) | ▲ | $118 | +3.17 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +3.36 | $117 |
| Loan / Deposit Ratio (%) | ▼ | 116.39% | -3.78 | 120.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.32% | +0.04 | 0.27% |
| Allowance / Loans (%) | — | 0.63% | 0.01% | 0.61% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.06 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 2.17% | 2.10% | 2.13% | 2.39% | 2.39% | 2.42% | 2.46% | 2.72% |
| ▁▁▁█▅▅▄▆ | Return on Assets (%) | 0.12% | 0.10% | 0.12% | 0.42% | 0.30% | 0.27% | 0.25% | 0.34% |
| ███▁▄▅▅▃ | Efficiency Ratio (%) | 92.4% | 94.1% | 93.1% | 79.2% | 85.7% | 86.9% | 87.9% | 84.4% |
| ▅█▆▄▄▃▂▁ | Cost of Funds (%) | 2.17% | 2.37% | 2.24% | 2.10% | 2.09% | 2.03% | 1.97% | 1.89% |
| ▂▃▄▅▅▁▄█ | NPA / Assets (%) | 0.24% | 0.25% | 0.26% | 0.27% | 0.27% | 0.22% | 0.26% | 0.32% |
| ▂▃▃▄▅▁▄█ | Net Charge-Off Ratio (%) | 0.29% | 0.30% | 0.30% | 0.31% | 0.32% | 0.26% | 0.31% | 0.37% |
| ▁▂▁▄▅▆▇█ | Tang. Book Value ($M) | $112 | $113 | $113 | $114 | $115 | $116 | $117 | $118 |
| ▁▁▄▆▆██▆ | Gross Loans ($M) | $825 | $830 | $843 | $852 | $854 | $862 | $867 | $857 |
| ▁▃▄▆▇▇██ | Total Deposits ($M) | $656 | $681 | $690 | $705 | $719 | $717 | $733 | $731 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 14% |