Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | — | 0.19% | 0.00 | 0.19% |
| Return on Equity (%) | ▼ | 2.85% | -0.17 | 3.02% |
| Net Interest Margin (%) | ▲ | 3.24% | +0.26 | 2.97% |
| Efficiency Ratio (%) | ▲ | 85.78% | -6.11 | 91.89% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.17 | $0 |
| Cost of Funds (%) | ▼ | 1.46% | +0.06 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $272 | +9.44 | $263 |
| Gross Loans ($M) | ▲ | $201 | +14.20 | $187 |
| Loan Growth YoY (%) | ▲ | 80.47% | +3.36 | 77.11% |
| Total Deposits ($M) | ▲ | $248 | +7.86 | $240 |
| Shareholders Equity ($M) | ▲ | $18 | +1.44 | $17 |
| Tang. Book Value ($M) | ▲ | $18 | +1.44 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +1.37 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 80.47% | +3.36 | 77.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.21 | 0.60% |
| Allowance / Loans (%) | — | 0.84% | -0.16% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.53% | -0.31 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.34% | -0.65 | 15.99% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▇██ | Net Interest Margin (%) | 2.87% | 2.84% | 2.84% | 2.97% | 3.07% | 3.15% | 3.19% | 3.24% |
| ▃▁▁▄▅▇█▄ | Return on Assets (%) | 0.17% | 0.12% | 0.13% | 0.19% | 0.22% | 0.27% | 0.30% | 0.19% |
| ███▅▄▃▂▁ | Efficiency Ratio (%) | 96.0% | 96.9% | 96.2% | 91.9% | 90.6% | 88.9% | 87.9% | 85.8% |
| ▄██▂▁▁▁▄ | Cost of Funds (%) | 1.47% | 1.57% | 1.57% | 1.40% | 1.39% | 1.39% | 1.37% | 1.46% |
| ▁▁▁███▃▃ | NPA / Assets (%) | 0.28% | 0.29% | 0.28% | 0.60% | 0.62% | 0.62% | 0.41% | 0.39% |
| ▁▁▁███▄▃ | Net Charge-Off Ratio (%) | 0.40% | 0.40% | 0.38% | 0.84% | 0.86% | 0.83% | 0.56% | 0.53% |
| ▁▆▂▃▁▆██ | Tang. Book Value ($M) | $16 | $17 | $16 | $17 | $16 | $17 | $18 | $18 |
| ▁▁▃▂▄▆▇█ | Gross Loans ($M) | $184 | $183 | $188 | $187 | $190 | $196 | $197 | $201 |
| ▄▁▁▅▆▅██ | Total Deposits ($M) | $236 | $230 | $228 | $240 | $241 | $238 | $247 | $248 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 14% |