Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | — | 1.21% | 0.00 | 1.21% |
| Return on Equity (%) | ▼ | 11.52% | -1.04 | 12.56% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.14 | 3.60% |
| Efficiency Ratio (%) | ▼ | 58.72% | +1.65 | 57.07% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.00 | $1 |
| Cost of Funds (%) | ▲ | 2.31% | -0.16 | 2.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $198 | +4.87 | $193 |
| Gross Loans ($M) | ▲ | $136 | +0.23 | $136 |
| Loan Growth YoY (%) | ▼ | 76.80% | -1.11 | 77.91% |
| Total Deposits ($M) | ▲ | $175 | +2.78 | $172 |
| Shareholders Equity ($M) | ▲ | $21 | +2.12 | $19 |
| Tang. Book Value ($M) | ▲ | $20 | +2.12 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +2.23 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 76.80% | -1.11 | 77.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.57% | -0.13 | 0.70% |
| Allowance / Loans (%) | — | 1.50% | -0.00% | 1.50% |
| Net Charge-Off Ratio (%) | ▲ | 0.48% | -0.51 | 1.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▁▂███ | Net Interest Margin (%) | 3.59% | 3.62% | 3.59% | 3.60% | 3.62% | 3.73% | 3.73% | 3.74% |
| █▆▅█▁▆▃█ | Return on Assets (%) | 1.22% | 1.14% | 1.09% | 1.21% | 0.92% | 1.13% | 1.01% | 1.21% |
| ▃▃▆▄█▁▄▇ | Efficiency Ratio (%) | 56.5% | 56.5% | 58.2% | 57.1% | 59.4% | 55.0% | 57.2% | 58.7% |
| ▆█▇▄▄▄▂▁ | Cost of Funds (%) | 2.60% | 2.71% | 2.66% | 2.46% | 2.47% | 2.46% | 2.39% | 2.31% |
| ▁▁▆▆█▇▅▅ | NPA / Assets (%) | 0.19% | 0.24% | 0.72% | 0.70% | 0.94% | 0.79% | 0.57% | 0.57% |
| ▁▁▆▆█▇▂▂ | Net Charge-Off Ratio (%) | 0.28% | 0.34% | 1.04% | 1.00% | 1.35% | 1.12% | 0.49% | 0.48% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $17 | $18 | $18 | $18 | $19 | $20 | $20 | $20 |
| ▁▃▄▇▇█▆█ | Gross Loans ($M) | $128 | $131 | $132 | $136 | $135 | $137 | $134 | $136 |
| ▁▁▃▆▇▆██ | Total Deposits ($M) | $165 | $166 | $168 | $172 | $173 | $172 | $174 | $175 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 29% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 28% |