Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.90% | +1.35 | 1.55% |
| Return on Equity (%) | ▲ | 15.64% | +7.04 | 8.60% |
| Net Interest Margin (%) | ▲ | 5.82% | +2.03 | 3.79% |
| Efficiency Ratio (%) | ▲ | 32.49% | -17.43 | 49.91% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.89 | $2 |
| Cost of Funds (%) | ▲ | 2.11% | -0.25 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $374 | +12.35 | $362 |
| Gross Loans ($M) | ▲ | $309 | +4.41 | $305 |
| Loan Growth YoY (%) | ▼ | 112.87% | -0.17 | 113.04% |
| Total Deposits ($M) | ▲ | $266 | +0.94 | $265 |
| Shareholders Equity ($M) | ▲ | $70 | +5.51 | $65 |
| Tang. Book Value ($M) | ▲ | $70 | +5.51 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +5.53 | $66 |
| Loan / Deposit Ratio (%) | ▼ | 112.87% | -0.17 | 113.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.75% | +1.75 | 0.00% |
| Allowance / Loans (%) | — | 2.83% | 1.21% | 1.62% |
| Net Charge-Off Ratio (%) | ▼ | 2.12% | +2.12 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -21.73 | 21.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▂▂█ | Net Interest Margin (%) | 3.56% | 3.60% | 3.68% | 3.79% | 3.86% | 3.94% | 4.04% | 5.82% |
| ▁▁▁▂▂▂▁█ | Return on Assets (%) | 1.32% | 1.37% | 1.39% | 1.55% | 1.53% | 1.61% | 1.40% | 2.90% |
| ███▇▇▆▇▁ | Efficiency Ratio (%) | 54.3% | 52.5% | 53.1% | 49.9% | 50.6% | 48.7% | 49.4% | 32.5% |
| ██▇▄▄▄▂▁ | Cost of Funds (%) | 2.70% | 2.67% | 2.61% | 2.36% | 2.38% | 2.37% | 2.22% | 2.11% |
| ▁▁▁▁██▅▅ | NPA / Assets (%) | 0.00% | 0.06% | 0.00% | 0.00% | 3.23% | 3.35% | 1.88% | 1.75% |
| ▁▁▁▁██▅▅ | Net Charge-Off Ratio (%) | 0.00% | 0.07% | 0.00% | 0.00% | 3.77% | 3.92% | 2.18% | 2.12% |
| ▁▂▁▂▄▅▅█ | Tang. Book Value ($M) | $63 | $65 | $63 | $65 | $66 | $67 | $68 | $70 |
| ▂▁▁▄▇▆█▆ | Gross Loans ($M) | $296 | $294 | $291 | $305 | $316 | $311 | $319 | $309 |
| ▁▄▂█▇▅▆█ | Total Deposits ($M) | $248 | $256 | $252 | $265 | $264 | $257 | $261 | $266 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 25% |