Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.86% | +0.03 | 0.83% |
| Return on Equity (%) | ▼ | 11.43% | -1.17 | 12.60% |
| Net Interest Margin (%) | ▼ | 3.34% | -0.15 | 3.49% |
| Efficiency Ratio (%) | ▲ | 73.02% | -1.42 | 74.45% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.03 | $0 |
| Cost of Funds (%) | ▼ | 1.70% | +0.02 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $179 | +9.06 | $170 |
| Gross Loans ($M) | ▲ | $131 | +4.39 | $126 |
| Loan Growth YoY (%) | ▲ | 84.06% | +1.99 | 82.07% |
| Total Deposits ($M) | ▲ | $153 | +1.32 | $152 |
| Shareholders Equity ($M) | ▲ | $14 | +1.89 | $12 |
| Tang. Book Value ($M) | ▲ | $14 | +1.89 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +1.78 | $13 |
| Loan / Deposit Ratio (%) | ▲ | 84.06% | +1.99 | 82.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.60% | +1.60 | 0.00% |
| Allowance / Loans (%) | — | 1.58% | 0.15% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 2.19% | +2.19 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.58% | +0.82 | 12.76% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇█▇▆▅ | Net Interest Margin (%) | 2.98% | 3.01% | 3.08% | 3.49% | 3.58% | 3.47% | 3.40% | 3.34% |
| ▁▃▃██▆▃█ | Return on Assets (%) | 0.57% | 0.64% | 0.65% | 0.83% | 0.84% | 0.76% | 0.65% | 0.86% |
| █▆▇▂▂▄▄▁ | Efficiency Ratio (%) | 80.8% | 78.6% | 78.9% | 74.4% | 74.7% | 76.4% | 76.1% | 73.0% |
| ██▅▁▁▄▁▁ | Cost of Funds (%) | 2.21% | 2.16% | 1.98% | 1.67% | 1.69% | 1.86% | 1.64% | 1.70% |
| ▁▁▁▁▇███ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 1.39% | 1.43% | 1.52% | 1.60% |
| ▁▁▁▁▇▇██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 1.84% | 1.99% | 2.31% | 2.19% |
| ▁▃▂▅▅▇██ | Tang. Book Value ($M) | $10 | $11 | $11 | $12 | $12 | $13 | $14 | $14 |
| ▁▅▁▃▄▃▁█ | Gross Loans ($M) | $124 | $128 | $124 | $126 | $127 | $126 | $124 | $131 |
| ▅▆▅▄▁▃█▄ | Total Deposits ($M) | $155 | $156 | $154 | $152 | $143 | $149 | $164 | $153 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 7% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 16% |