Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.94% | +0.16 | 0.78% |
| Return on Equity (%) | ▲ | 4.18% | +0.87 | 3.31% |
| Net Interest Margin (%) | ▲ | 4.73% | +0.54 | 4.19% |
| Efficiency Ratio (%) | ▲ | 75.67% | -2.12 | 77.79% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▲ | 1.17% | -0.17 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $279 | -15.70 | $294 |
| Gross Loans ($M) | ▼ | $215 | -13.73 | $229 |
| Loan Growth YoY (%) | ▼ | 100.22% | -2.08 | 102.30% |
| Total Deposits ($M) | ▼ | $212 | -9.18 | $221 |
| Shareholders Equity ($M) | ▼ | $62 | -6.57 | $69 |
| Tang. Book Value ($M) | ▼ | $62 | -6.53 | $69 |
| TBV excl. AOCI ($M)** | ▼ | $64 | -6.81 | $71 |
| Loan / Deposit Ratio (%) | ▼ | 100.22% | -2.08 | 102.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.04 | 0.06% |
| Allowance / Loans (%) | — | 1.30% | 0.10% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.06 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 25.81% | -1.24 | 27.06% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.69% | 3.76% | 3.86% | 4.19% | 4.32% | 4.36% | 4.46% | 4.73% |
| ▁▄▄▁▂▄█▇ | Return on Assets (%) | 0.80% | 0.86% | 0.86% | 0.78% | 0.83% | 0.86% | 0.98% | 0.94% |
| ▁▁▁█▇▇▂▅ | Efficiency Ratio (%) | 73.5% | 72.9% | 73.4% | 77.8% | 77.0% | 77.1% | 74.1% | 75.7% |
| █▇▄▃▃▁▁▁ | Cost of Funds (%) | 1.83% | 1.72% | 1.47% | 1.34% | 1.33% | 1.23% | 1.15% | 1.17% |
| ▅▅██▁▂▂▂ | NPA / Assets (%) | 0.03% | 0.03% | 0.06% | 0.06% | 0.00% | 0.01% | 0.01% | 0.01% |
| ▅▅██▁▂▂▂ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.07% | 0.07% | 0.00% | 0.02% | 0.02% | 0.02% |
| ▆███▄▁▂▂ | Tang. Book Value ($M) | $66 | $68 | $68 | $69 | $65 | $61 | $62 | $62 |
| █▄▄▄▁▁▂▁ | Gross Loans ($M) | $243 | $228 | $227 | $229 | $215 | $218 | $219 | $215 |
| █▆▃▅▁▂▂▃ | Total Deposits ($M) | $232 | $224 | $214 | $221 | $204 | $210 | $209 | $212 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 12% |