Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.74% | -0.01 | 0.76% |
| Return on Equity (%) | ▲ | 3.27% | +0.05 | 3.22% |
| Net Interest Margin (%) | ▼ | 2.39% | -0.04 | 2.43% |
| Efficiency Ratio (%) | ▲ | 59.59% | -1.25 | 60.84% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.08 | $1 |
| Cost of Funds (%) | ▼ | 2.39% | +0.20 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $320 | +15.37 | $305 |
| Gross Loans ($M) | ▲ | $60 | +11.54 | $48 |
| Loan Growth YoY (%) | ▲ | 26.03% | +3.74 | 22.29% |
| Total Deposits ($M) | ▲ | $227 | +13.57 | $213 |
| Shareholders Equity ($M) | ▲ | $72 | +1.42 | $70 |
| Tang. Book Value ($M) | ▲ | $72 | +1.42 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +0.83 | $82 |
| Loan / Deposit Ratio (%) | ▲ | 26.03% | +3.74 | 22.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.58% | +0.58 | 0.00% |
| Allowance / Loans (%) | — | 0.83% | -0.14% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 3.12% | +3.12 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 49.10% | -8.57 | 57.67% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▁▁█▂▆▅▅ | Net Interest Margin (%) | 2.40% | 2.33% | 2.32% | 2.43% | 2.34% | 2.40% | 2.38% | 2.39% |
| ▇▅▁▄▇█▅▃ | Return on Assets (%) | 0.85% | 0.78% | 0.68% | 0.76% | 0.84% | 0.88% | 0.80% | 0.74% |
| ▃▄█▄▁▁▂▃ | Efficiency Ratio (%) | 60.4% | 61.7% | 68.6% | 60.8% | 56.0% | 55.6% | 58.9% | 59.6% |
| ▅▆█▁█▅▅▅ | Cost of Funds (%) | 2.37% | 2.45% | 2.50% | 2.19% | 2.53% | 2.38% | 2.40% | 2.39% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.58% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.12% |
| ▁▆▁▄▅██▆ | Tang. Book Value ($M) | $68 | $72 | $68 | $70 | $71 | $73 | $73 | $72 |
| ▁▁▁▂▃▃▆█ | Gross Loans ($M) | $47 | $47 | $46 | $48 | $50 | $50 | $55 | $60 |
| ▁▁▁▂▃▃▆█ | Total Deposits ($M) | $210 | $210 | $210 | $213 | $215 | $215 | $222 | $227 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 15% |