Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.13 | 1.14% |
| Return on Equity (%) | ▲ | 14.40% | +0.34 | 14.06% |
| Net Interest Margin (%) | ▼ | 3.37% | -0.01 | 3.38% |
| Efficiency Ratio (%) | ▼ | 62.05% | +1.08 | 60.98% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.02 | $2 |
| Cost of Funds (%) | ▲ | 2.26% | -0.31 | 2.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $600 | -1.43 | $601 |
| Gross Loans ($M) | ▼ | $467 | -7.61 | $475 |
| Loan Growth YoY (%) | ▼ | 87.41% | -1.06 | 88.48% |
| Total Deposits ($M) | ▼ | $528 | -2.28 | $530 |
| Shareholders Equity ($M) | ▲ | $52 | +3.36 | $49 |
| Tang. Book Value ($M) | ▲ | $52 | +3.36 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +4.17 | $53 |
| Loan / Deposit Ratio (%) | ▼ | 87.41% | -1.06 | 88.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.07 | 0.15% |
| Allowance / Loans (%) | — | 1.25% | 0.02% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.08 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇██▅ | Net Interest Margin (%) | 3.24% | 3.21% | 3.26% | 3.38% | 3.41% | 3.45% | 3.47% | 3.37% |
| ▁▂▃▅▆▇█▇ | Return on Assets (%) | 0.92% | 0.97% | 1.02% | 1.14% | 1.19% | 1.27% | 1.33% | 1.27% |
| █▇▆▂▂▁▁▃ | Efficiency Ratio (%) | 67.4% | 65.9% | 64.8% | 61.0% | 61.5% | 60.4% | 60.0% | 62.1% |
| ▆▇█▅▅▄▅▁ | Cost of Funds (%) | 2.62% | 2.69% | 2.78% | 2.58% | 2.54% | 2.50% | 2.54% | 2.26% |
| ▁█▁▃▁▁▁▂ | NPA / Assets (%) | 0.00% | 0.42% | 0.00% | 0.15% | 0.00% | 0.00% | 0.05% | 0.09% |
| ▁█▁▃▁▁▁▂ | Net Charge-Off Ratio (%) | 0.00% | 0.53% | 0.00% | 0.19% | 0.00% | 0.00% | 0.07% | 0.11% |
| ▁▄▄▆▇███ | Tang. Book Value ($M) | $41 | $47 | $47 | $49 | $51 | $53 | $53 | $52 |
| ▁▄▆█▇▇▄▇ | Gross Loans ($M) | $430 | $451 | $461 | $475 | $469 | $467 | $452 | $467 |
| ▁▆▆█▇███ | Total Deposits ($M) | $460 | $508 | $511 | $530 | $523 | $536 | $528 | $528 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 14% |