Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.40 | 0.67% |
| Return on Equity (%) | ▲ | 6.59% | +1.38 | 5.21% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.49 | 3.46% |
| Efficiency Ratio (%) | ▲ | 68.84% | -8.55 | 77.39% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.88 | $1 |
| Cost of Funds (%) | ▲ | 1.38% | -0.32 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $722 | +33.14 | $688 |
| Gross Loans ($M) | ▲ | $559 | +1.86 | $557 |
| Loan Growth YoY (%) | — | 94.28% | 0.00 | 94.28% |
| Total Deposits ($M) | ▲ | $588 | +2.36 | $585 |
| Shareholders Equity ($M) | ▲ | $118 | +29.89 | $88 |
| Tang. Book Value ($M) | ▲ | $118 | +29.90 | $88 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +29.82 | $91 |
| Loan / Deposit Ratio (%) | — | 94.28% | 0.00 | 94.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.28 | 0.50% |
| Allowance / Loans (%) | — | 0.86% | -0.07% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -0.34 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 3.13% | 3.20% | 3.24% | 3.46% | 3.59% | 3.64% | 3.71% | 3.95% |
| ▁▂▂▁▅███ | Return on Assets (%) | 0.63% | 0.69% | 0.74% | 0.67% | 0.89% | 1.03% | 1.03% | 1.07% |
| █▇▇▆▂▁▁▁ | Efficiency Ratio (%) | 82.5% | 80.3% | 80.5% | 77.4% | 71.5% | 69.2% | 68.6% | 68.8% |
| ██▇▅▄▄▃▁ | Cost of Funds (%) | 2.01% | 2.00% | 1.91% | 1.70% | 1.64% | 1.65% | 1.61% | 1.38% |
| ███▇▁▁▁▁ | NPA / Assets (%) | 0.56% | 0.58% | 0.56% | 0.50% | 0.24% | 0.25% | 0.23% | 0.22% |
| ███▆▁▁▁▁ | Net Charge-Off Ratio (%) | 0.73% | 0.74% | 0.69% | 0.62% | 0.32% | 0.33% | 0.30% | 0.28% |
| ▁▁▁▂▂▇██ | Tang. Book Value ($M) | $83 | $87 | $87 | $88 | $91 | $114 | $117 | $118 |
| ▃▁▃▇▇▇██ | Gross Loans ($M) | $550 | $545 | $550 | $557 | $558 | $558 | $560 | $559 |
| ▃▂▁▂█▆▃▂ | Total Deposits ($M) | $594 | $591 | $577 | $585 | $631 | $613 | $596 | $588 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 3% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 5% |