Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.25 | 0.93% |
| Return on Equity (%) | ▲ | 10.89% | +1.24 | 9.65% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.44 | 3.92% |
| Efficiency Ratio (%) | ▼ | 60.80% | +3.02 | 57.78% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.53 | $4 |
| Cost of Funds (%) | ▲ | 2.73% | -0.12 | 2.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $974 | +86.90 | $887 |
| Gross Loans ($M) | ▲ | $824 | +63.48 | $760 |
| Loan Growth YoY (%) | ▼ | 98.11% | -0.80 | 98.90% |
| Total Deposits ($M) | ▲ | $828 | +70.06 | $758 |
| Shareholders Equity ($M) | ▲ | $106 | +21.61 | $84 |
| Tang. Book Value ($M) | ▲ | $106 | +21.61 | $84 |
| Loan / Deposit Ratio (%) | ▼ | 98.11% | -0.80 | 98.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.73% | +0.54 | 0.19% |
| Allowance / Loans (%) | — | 1.33% | -0.01% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 0.86% | +0.64 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▃▄█ | Net Interest Margin (%) | 3.83% | 3.85% | 3.88% | 3.92% | 3.97% | 4.00% | 4.04% | 4.35% |
| ▅▆▆▁▅▇▆█ | Return on Assets (%) | 1.07% | 1.11% | 1.11% | 0.93% | 1.06% | 1.12% | 1.11% | 1.18% |
| ▁▁▁▅▃▃▄█ | Efficiency Ratio (%) | 54.7% | 53.9% | 54.0% | 57.8% | 55.8% | 56.2% | 57.1% | 60.8% |
| ▆█▆▂▄▆▂▁ | Cost of Funds (%) | 3.08% | 3.21% | 3.07% | 2.85% | 2.94% | 3.08% | 2.81% | 2.73% |
| ▁▁▁▁██▅▅ | NPA / Assets (%) | 0.06% | 0.06% | 0.06% | 0.19% | 1.28% | 1.26% | 0.75% | 0.73% |
| ▁▁▁▁██▅▅ | Net Charge-Off Ratio (%) | 0.07% | 0.07% | 0.06% | 0.22% | 1.49% | 1.48% | 0.87% | 0.86% |
| ▁▁▂▂▃▄██ | Tang. Book Value ($M) | $77 | $79 | $82 | $84 | $87 | $90 | $103 | $106 |
| ▁▂▃▅▆▇██ | Gross Loans ($M) | $671 | $696 | $710 | $760 | $785 | $794 | $821 | $824 |
| ▁▁▂▄▆▇▇█ | Total Deposits ($M) | $699 | $710 | $717 | $758 | $789 | $800 | $811 | $828 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 28% |