Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.32% | +0.17 | 0.15% |
| Return on Equity (%) | ▲ | 4.30% | +2.22 | 2.08% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.54 | 2.48% |
| Efficiency Ratio (%) | ▲ | 74.66% | -17.13 | 91.79% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.63 | $0 |
| Cost of Funds (%) | ▲ | 2.83% | -0.37 | 3.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $438 | +8.48 | $430 |
| Gross Loans ($M) | ▼ | $335 | -11.23 | $347 |
| Loan Growth YoY (%) | ▼ | 91.16% | -7.39 | 98.55% |
| Total Deposits ($M) | ▲ | $364 | +15.95 | $348 |
| Shareholders Equity ($M) | ▲ | $33 | +1.46 | $31 |
| Tang. Book Value ($M) | ▲ | $33 | +1.46 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +1.63 | $34 |
| Loan / Deposit Ratio (%) | ▼ | 91.16% | -7.39 | 98.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.00% | -0.44 | 1.44% |
| Allowance / Loans (%) | — | 1.14% | 0.02% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 1.30% | -0.48 | 1.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.03% | +0.42 | 9.61% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▄▃▁▂▃▄█ | Net Interest Margin (%) | 2.76% | 2.70% | 2.66% | 2.48% | 2.59% | 2.65% | 2.74% | 3.02% |
| █▅▃▁▁▁▁▁ | Return on Assets (%) | 1.89% | 1.23% | 0.72% | 0.15% | 0.20% | 0.21% | 0.25% | 0.32% |
| ▁▃▃██▇▇▁ | Efficiency Ratio (%) | 76.1% | 81.0% | 81.0% | 91.8% | 89.9% | 88.8% | 87.6% | 74.7% |
| ▆█▇▄▄▅▂▁ | Cost of Funds (%) | 3.32% | 3.58% | 3.47% | 3.21% | 3.13% | 3.21% | 2.99% | 2.83% |
| ██▅▅▅█▃▁ | NPA / Assets (%) | 1.83% | 1.82% | 1.46% | 1.44% | 1.44% | 1.79% | 1.25% | 1.00% |
| ▇█▄▄▅█▃▁ | Net Charge-Off Ratio (%) | 2.15% | 2.21% | 1.79% | 1.79% | 1.86% | 2.33% | 1.62% | 1.30% |
| ▆█▁▂▁▅▇▇ | Tang. Book Value ($M) | $32 | $33 | $31 | $31 | $31 | $32 | $32 | $33 |
| █▅▄▄▂▂▃▁ | Gross Loans ($M) | $360 | $350 | $346 | $347 | $340 | $341 | $343 | $335 |
| ▁▃▄▄▆▇█▇ | Total Deposits ($M) | $331 | $345 | $350 | $348 | $359 | $361 | $369 | $364 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 30% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 16% |