Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.19 | 1.07% |
| Return on Equity (%) | ▲ | 11.61% | +0.82 | 10.79% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.33 | 3.36% |
| Efficiency Ratio (%) | ▲ | 57.24% | -3.00 | 60.24% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.29 | $2 |
| Cost of Funds (%) | ▲ | 1.69% | -0.44 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $462 | -1.93 | $464 |
| Gross Loans ($M) | ▼ | $363 | -14.20 | $377 |
| Loan Growth YoY (%) | ▼ | 89.66% | -2.21 | 91.87% |
| Total Deposits ($M) | ▼ | $398 | -6.17 | $404 |
| Shareholders Equity ($M) | ▲ | $51 | +3.81 | $47 |
| Tang. Book Value ($M) | ▲ | $51 | +3.81 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +3.86 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 89.66% | -2.21 | 91.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.33 | 0.33% |
| Allowance / Loans (%) | — | 1.71% | 0.13% | 1.58% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.41 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.84% | +1.22 | 14.63% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▇█ | Net Interest Margin (%) | 2.91% | 2.94% | 3.03% | 3.36% | 3.39% | 3.45% | 3.52% | 3.69% |
| ▁▂▁▃▅▆▄█ | Return on Assets (%) | 1.01% | 1.04% | 0.98% | 1.07% | 1.14% | 1.17% | 1.11% | 1.26% |
| ▅▄█▆▃▂▇▁ | Efficiency Ratio (%) | 60.0% | 59.1% | 61.9% | 60.2% | 58.9% | 58.0% | 61.0% | 57.2% |
| ███▆▅▄▅▁ | Cost of Funds (%) | 2.23% | 2.28% | 2.23% | 2.13% | 2.00% | 1.93% | 1.99% | 1.69% |
| ▁▁████▄▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.33% | 0.33% | 0.33% | 0.32% | 0.14% | 0.00% |
| ▁▁████▄▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.40% | 0.41% | 0.40% | 0.42% | 0.18% | 0.00% |
| ▁▅▂▃▆▆██ | Tang. Book Value ($M) | $45 | $48 | $46 | $47 | $49 | $49 | $51 | $51 |
| ██▇▅▇▄▂▁ | Gross Loans ($M) | $388 | $390 | $386 | $377 | $383 | $374 | $369 | $363 |
| ▄█▄▃▅█▄▁ | Total Deposits ($M) | $407 | $419 | $408 | $404 | $410 | $419 | $407 | $398 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 18% |