Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.78% | +0.45 | 1.33% |
| Return on Equity (%) | ▲ | 13.19% | +2.76 | 10.43% |
| Net Interest Margin (%) | ▲ | 5.17% | +0.46 | 4.71% |
| Efficiency Ratio (%) | ▲ | 54.58% | -8.52 | 63.10% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.82 | $2 |
| Cost of Funds (%) | ▲ | 1.90% | -0.29 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $519 | +18.89 | $500 |
| Gross Loans ($M) | ▲ | $416 | +7.70 | $409 |
| Loan Growth YoY (%) | ▼ | 103.71% | -4.34 | 108.05% |
| Total Deposits ($M) | ▲ | $396 | +22.94 | $373 |
| Shareholders Equity ($M) | ▲ | $70 | +5.73 | $64 |
| Tang. Book Value ($M) | ▲ | $69 | +5.73 | $63 |
| Loan / Deposit Ratio (%) | ▼ | 103.71% | -4.34 | 108.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.00% | -0.17 | 1.18% |
| Allowance / Loans (%) | — | 1.34% | -0.00% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 1.18% | -0.26 | 1.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 4.38% | 4.46% | 4.56% | 4.71% | 4.89% | 5.03% | 5.09% | 5.17% |
| ▁▁▂▂▃▅▆█ | Return on Assets (%) | 1.20% | 1.20% | 1.33% | 1.33% | 1.41% | 1.53% | 1.63% | 1.78% |
| ██▆▇▅▄▃▁ | Efficiency Ratio (%) | 64.4% | 64.8% | 62.2% | 63.1% | 60.4% | 58.4% | 57.2% | 54.6% |
| ██▆▄▃▃▂▁ | Cost of Funds (%) | 2.59% | 2.59% | 2.35% | 2.19% | 2.12% | 2.16% | 2.00% | 1.90% |
| ▅▃▃▃█▅▄▁ | NPA / Assets (%) | 1.29% | 1.16% | 1.18% | 1.18% | 1.56% | 1.29% | 1.25% | 1.00% |
| ▅▃▄▃█▄▅▁ | Net Charge-Off Ratio (%) | 1.56% | 1.44% | 1.46% | 1.44% | 1.88% | 1.49% | 1.54% | 1.18% |
| ▁▂▃▄▃▅▇█ | Tang. Book Value ($M) | $58 | $59 | $62 | $63 | $62 | $64 | $67 | $69 |
| ▁▁▁▃▃█▄▆ | Gross Loans ($M) | $401 | $400 | $400 | $409 | $409 | $424 | $409 | $416 |
| ▁▃▂▃▄▂▂█ | Total Deposits ($M) | $364 | $374 | $370 | $373 | $376 | $371 | $368 | $396 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 14% |