Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.01% | -0.06 | 1.07% |
| Return on Equity (%) | ▼ | 8.29% | -1.60 | 9.89% |
| Net Interest Margin (%) | ▼ | 4.15% | -0.02 | 4.17% |
| Efficiency Ratio (%) | ▼ | 64.71% | +0.41 | 64.30% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.07 | $3 |
| Cost of Funds (%) | ▲ | 1.63% | -0.27 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $655 | -19.00 | $674 |
| Gross Loans ($M) | ▼ | $513 | -13.40 | $527 |
| Loan Growth YoY (%) | ▼ | 92.95% | -1.77 | 94.72% |
| Total Deposits ($M) | ▼ | $545 | -4.87 | $550 |
| Shareholders Equity ($M) | ▲ | $80 | +7.28 | $73 |
| Tang. Book Value ($M) | ▲ | $80 | +7.28 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $85 | +7.05 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 92.95% | -1.77 | 94.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.43% | +0.75 | 0.68% |
| Allowance / Loans (%) | — | 1.25% | 0.20% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 1.83% | +0.96 | 0.87% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▇██▃ | Net Interest Margin (%) | 4.07% | 4.07% | 4.10% | 4.17% | 4.31% | 4.35% | 4.38% | 4.15% |
| ▁▁▁▂▇▇█▁ | Return on Assets (%) | 1.02% | 1.02% | 1.02% | 1.07% | 1.26% | 1.26% | 1.32% | 1.01% |
| ███▇▂▁▁▇ | Efficiency Ratio (%) | 65.5% | 65.6% | 64.9% | 64.3% | 60.7% | 59.4% | 59.9% | 64.7% |
| ▅█▆▅▄▄▃▁ | Cost of Funds (%) | 1.95% | 2.15% | 1.99% | 1.90% | 1.87% | 1.84% | 1.82% | 1.63% |
| ▁▃▃▄▄▅▆█ | NPA / Assets (%) | 0.08% | 0.45% | 0.53% | 0.68% | 0.73% | 0.85% | 1.07% | 1.43% |
| ▁▃▃▄▄▅▆█ | Net Charge-Off Ratio (%) | 0.11% | 0.58% | 0.68% | 0.87% | 0.92% | 1.09% | 1.37% | 1.83% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $69 | $72 | $72 | $73 | $74 | $77 | $80 | $80 |
| ▁▃▄▇█▇▅▄ | Gross Loans ($M) | $494 | $506 | $513 | $527 | $536 | $527 | $516 | $513 |
| ▁▁▆██▇▆▇ | Total Deposits ($M) | $516 | $518 | $539 | $550 | $551 | $547 | $539 | $545 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 14% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 10% |