Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.63% | -0.22 | 0.85% |
| Return on Equity (%) | ▼ | 3.44% | -1.19 | 4.63% |
| Net Interest Margin (%) | ▲ | 4.19% | +0.34 | 3.85% |
| Efficiency Ratio (%) | ▲ | 58.72% | -13.54 | 72.26% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.77 | $1 |
| Cost of Funds (%) | ▲ | 1.49% | -0.14 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $460 | +29.66 | $430 |
| Gross Loans ($M) | ▲ | $376 | +14.68 | $361 |
| Loan Growth YoY (%) | ▼ | 119.06% | -1.93 | 120.99% |
| Total Deposits ($M) | ▲ | $313 | +17.16 | $296 |
| Shareholders Equity ($M) | ▲ | $82 | +2.42 | $80 |
| Tang. Book Value ($M) | ▲ | $82 | +2.42 | $80 |
| TBV excl. AOCI ($M)** | ▲ | $83 | +2.32 | $81 |
| Loan / Deposit Ratio (%) | ▼ | 119.06% | -1.93 | 120.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.19 | 0.07% |
| Allowance / Loans (%) | — | 0.76% | -0.05% | 0.80% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.24 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.71% | 3.72% | 3.76% | 3.85% | 3.90% | 3.95% | 4.02% | 4.19% |
| ▃▅▆▆▆██▁ | Return on Assets (%) | 0.72% | 0.83% | 0.87% | 0.85% | 0.85% | 0.93% | 0.97% | 0.63% |
| ██▇▆▆▅▅▁ | Efficiency Ratio (%) | 77.0% | 75.5% | 73.6% | 72.3% | 71.5% | 69.7% | 69.0% | 58.7% |
| ▄██▅▃▆▅▁ | Cost of Funds (%) | 1.60% | 1.75% | 1.74% | 1.63% | 1.57% | 1.67% | 1.63% | 1.49% |
| ▁▄▁▃█▂▂█ | NPA / Assets (%) | 0.00% | 0.12% | 0.02% | 0.07% | 0.27% | 0.06% | 0.05% | 0.26% |
| ▁▄▁▂█▁▂█ | Net Charge-Off Ratio (%) | 0.00% | 0.15% | 0.03% | 0.08% | 0.33% | 0.00% | 0.06% | 0.32% |
| ▁▅▁▃▆█▆▇ | Tang. Book Value ($M) | $78 | $80 | $78 | $80 | $81 | $83 | $81 | $82 |
| ▁▂▂▄▅▃▄█ | Gross Loans ($M) | $350 | $355 | $356 | $361 | $365 | $357 | $361 | $376 |
| ▁▄▃▃▄▃▃█ | Total Deposits ($M) | $288 | $298 | $298 | $296 | $300 | $295 | $295 | $313 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 27% |