Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.87% | +0.01 | 1.86% |
| Return on Equity (%) | ▼ | 14.11% | -1.22 | 15.33% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.21 | 4.14% |
| Efficiency Ratio (%) | ▲ | 48.31% | -0.22 | 48.53% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.12 | $3 |
| Cost of Funds (%) | ▲ | 1.32% | -0.41 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $731 | +26.57 | $704 |
| Gross Loans ($M) | ▲ | $478 | +10.68 | $467 |
| Loan Growth YoY (%) | ▼ | 74.56% | -1.88 | 76.44% |
| Total Deposits ($M) | ▲ | $629 | +28.46 | $600 |
| Shareholders Equity ($M) | ▲ | $95 | +8.10 | $87 |
| Tang. Book Value ($M) | ▲ | $81 | +9.75 | $71 |
| TBV excl. AOCI ($M)** | ▲ | $85 | +9.69 | $75 |
| Loan / Deposit Ratio (%) | ▼ | 74.56% | -1.88 | 76.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.56 | 0.28% |
| Allowance / Loans (%) | — | 1.90% | 0.11% | 1.79% |
| Net Charge-Off Ratio (%) | ▼ | 1.28% | +0.86 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▁▄▅▇▆ | Net Interest Margin (%) | 4.44% | 4.43% | 4.11% | 4.14% | 4.24% | 4.29% | 4.36% | 4.35% |
| ██▃▁▂▁▂▁ | Return on Assets (%) | 2.39% | 2.37% | 2.04% | 1.86% | 1.93% | 1.92% | 1.99% | 1.87% |
| ▁▂█▇▆▆▆▇ | Efficiency Ratio (%) | 44.0% | 45.0% | 49.3% | 48.5% | 47.4% | 48.0% | 47.9% | 48.3% |
| ██▁▇▆▇▄▂ | Cost of Funds (%) | 1.85% | 1.78% | 1.15% | 1.74% | 1.64% | 1.68% | 1.50% | 1.32% |
| ▁▁▁▁▆█▆█ | NPA / Assets (%) | 0.30% | 0.28% | 0.31% | 0.28% | 0.64% | 0.85% | 0.65% | 0.84% |
| ▁▁▂▁▆█▅█ | Net Charge-Off Ratio (%) | 0.38% | 0.37% | 0.49% | 0.42% | 0.98% | 1.24% | 0.92% | 1.28% |
| ▃▄▁▂▄▅▇█ | Tang. Book Value ($M) | $72 | $74 | $68 | $71 | $73 | $76 | $79 | $81 |
| ▁▁▆▇▇███ | Gross Loans ($M) | $360 | $366 | $450 | $467 | $463 | $484 | $488 | $478 |
| ▁▁████▇█ | Total Deposits ($M) | $380 | $393 | $604 | $600 | $602 | $603 | $587 | $629 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 3% |
| Other | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 6% |