Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.29% | +0.39 | 1.90% |
| Return on Equity (%) | ▲ | 19.60% | +2.68 | 16.92% |
| Net Interest Margin (%) | ▲ | 5.30% | +0.34 | 4.96% |
| Efficiency Ratio (%) | ▲ | 43.75% | -4.48 | 48.23% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.64 | $2 |
| Cost of Funds (%) | ▲ | 1.96% | -0.11 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $383 | +31.21 | $352 |
| Gross Loans ($M) | ▲ | $350 | +29.26 | $321 |
| Loan Growth YoY (%) | ▼ | 110.32% | -3.54 | 113.86% |
| Total Deposits ($M) | ▲ | $314 | +35.08 | $279 |
| Shareholders Equity ($M) | ▲ | $45 | +5.45 | $40 |
| Tang. Book Value ($M) | ▲ | $45 | +5.51 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 110.32% | -3.54 | 113.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.23 | 0.54% |
| Allowance / Loans (%) | — | 1.23% | 0.02% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.21 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.89% | +0.63 | 14.26% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▆█ | Net Interest Margin (%) | 4.73% | 4.80% | 4.87% | 4.96% | 5.02% | 5.08% | 5.14% | 5.30% |
| ▁▂▄▃▅▆▆█ | Return on Assets (%) | 1.75% | 1.85% | 1.95% | 1.90% | 2.07% | 2.09% | 2.15% | 2.29% |
| ▆▅▃█▄▄▁▁ | Efficiency Ratio (%) | 47.0% | 45.9% | 45.1% | 48.2% | 45.4% | 45.3% | 43.3% | 43.8% |
| ▄██▄▃▃▂▁ | Cost of Funds (%) | 2.10% | 2.25% | 2.23% | 2.08% | 2.05% | 2.05% | 2.00% | 1.96% |
| ▁▅▂▅▄█▇▂ | NPA / Assets (%) | 0.16% | 0.51% | 0.25% | 0.54% | 0.48% | 0.82% | 0.66% | 0.31% |
| ▁▅▂▅▄█▇▂ | Net Charge-Off Ratio (%) | 0.17% | 0.56% | 0.27% | 0.55% | 0.53% | 0.91% | 0.73% | 0.34% |
| ▁▂▃▅▄▅▇█ | Tang. Book Value ($M) | $34 | $36 | $38 | $40 | $39 | $41 | $43 | $45 |
| ▁▂▃▄▅▆▇█ | Gross Loans ($M) | $298 | $311 | $313 | $321 | $328 | $336 | $343 | $350 |
| ▁▂▄▄▅▆██ | Total Deposits ($M) | $250 | $265 | $276 | $279 | $288 | $294 | $307 | $314 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 18% |