Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.42% | -0.13 | 2.54% |
| Return on Equity (%) | ▼ | 24.22% | -3.54 | 27.76% |
| Net Interest Margin (%) | ▼ | 3.44% | -0.38 | 3.82% |
| Efficiency Ratio (%) | ▼ | 40.56% | +9.37 | 31.19% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.47 | $2 |
| Cost of Funds (%) | ▼ | 3.21% | +0.26 | 2.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $253 | -18.45 | $271 |
| Gross Loans ($M) | ▼ | $224 | -15.75 | $240 |
| Loan Growth YoY (%) | ▲ | 119.76% | +1.23 | 118.53% |
| Total Deposits ($M) | ▼ | $186 | -15.11 | $201 |
| Shareholders Equity ($M) | ▲ | $26 | +0.53 | $25 |
| Tang. Book Value ($M) | ▲ | $26 | +0.53 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 119.76% | +1.23 | 118.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.17% | -1.86 | 4.03% |
| Allowance / Loans (%) | — | 0.83% | 0.01% | 0.82% |
| Net Charge-Off Ratio (%) | ▲ | 2.44% | -2.11 | 4.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.03% | +1.29 | 11.74% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▄▃▆▆▆█▁ | Net Interest Margin (%) | 3.75% | 3.70% | 3.63% | 3.82% | 3.80% | 3.80% | 3.97% | 3.44% |
| ▆▃▁█▆▅▅▇ | Return on Assets (%) | 2.34% | 2.15% | 1.95% | 2.54% | 2.33% | 2.28% | 2.26% | 2.42% |
| ▁▁▅▁▂▃▅█ | Efficiency Ratio (%) | 30.1% | 31.3% | 36.1% | 31.2% | 31.9% | 33.8% | 35.4% | 40.6% |
| ▁█▂▁▆█▇▇ | Cost of Funds (%) | 2.93% | 3.25% | 3.00% | 2.95% | 3.18% | 3.27% | 3.22% | 3.21% |
| ▁▄█▇▄▂▁▃ | NPA / Assets (%) | 1.09% | 2.58% | 4.92% | 4.03% | 2.82% | 1.39% | 0.76% | 2.17% |
| ▁▃█▇▄▂▁▃ | Net Charge-Off Ratio (%) | 1.27% | 2.48% | 5.32% | 4.55% | 2.55% | 1.55% | 0.86% | 2.44% |
| ▁▁▂▆▆▆▆█ | Tang. Book Value ($M) | $24 | $24 | $24 | $25 | $25 | $25 | $25 | $26 |
| ▄▅██▆▁▄▃ | Gross Loans ($M) | $227 | $229 | $238 | $240 | $233 | $218 | $227 | $224 |
| ▃▆▆█▄▆▃▁ | Total Deposits ($M) | $190 | $195 | $196 | $201 | $193 | $195 | $190 | $186 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 35% |