Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.13% | +0.03 | 2.10% |
| Return on Equity (%) | ▼ | 20.65% | -2.11 | 22.76% |
| Net Interest Margin (%) | ▲ | 4.22% | +0.08 | 4.14% |
| Efficiency Ratio (%) | ▲ | 48.62% | -1.08 | 49.70% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.12 | $3 |
| Cost of Funds (%) | ▲ | 1.03% | -0.14 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $475 | +1.18 | $474 |
| Gross Loans ($M) | ▼ | $310 | -3.82 | $314 |
| Loan Growth YoY (%) | ▼ | 73.81% | -0.40 | 74.21% |
| Total Deposits ($M) | ▼ | $414 | -2.96 | $417 |
| Shareholders Equity ($M) | ▲ | $49 | +4.27 | $45 |
| Tang. Book Value ($M) | ▲ | $49 | +4.27 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +4.44 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 73.81% | -0.40 | 74.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.03 | 0.07% |
| Allowance / Loans (%) | — | 1.53% | 0.03% | 1.50% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.04 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.44% | +0.58 | 13.85% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇███ | Net Interest Margin (%) | 3.83% | 3.93% | 3.98% | 4.14% | 4.18% | 4.24% | 4.27% | 4.22% |
| ▃▃▁█▅▆▅█ | Return on Assets (%) | 1.84% | 1.83% | 1.69% | 2.10% | 1.95% | 2.02% | 1.94% | 2.13% |
| ▆▅█▂▆▄▆▁ | Efficiency Ratio (%) | 53.6% | 53.3% | 56.3% | 49.7% | 53.4% | 51.7% | 54.1% | 48.6% |
| ██▇▄▄▄▃▁ | Cost of Funds (%) | 1.31% | 1.32% | 1.25% | 1.17% | 1.16% | 1.15% | 1.12% | 1.03% |
| █▃▃▂▂▂▁▁ | NPA / Assets (%) | 0.28% | 0.11% | 0.11% | 0.07% | 0.07% | 0.07% | 0.07% | 0.04% |
| █▃▃▂▂▂▁▁ | Net Charge-Off Ratio (%) | 0.41% | 0.16% | 0.16% | 0.11% | 0.11% | 0.11% | 0.11% | 0.07% |
| ▁▅▁▄▆█▆▇ | Tang. Book Value ($M) | $42 | $47 | $42 | $45 | $47 | $51 | $48 | $49 |
| ▅██▂▂▃▁▁ | Gross Loans ($M) | $320 | $327 | $326 | $314 | $313 | $316 | $312 | $310 |
| █▅▄▇█▄▁▅ | Total Deposits ($M) | $418 | $414 | $412 | $417 | $419 | $412 | $408 | $414 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 8% |