Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.79% | +0.29 | 0.50% |
| Return on Equity (%) | ▲ | 8.74% | +2.74 | 6.00% |
| Net Interest Margin (%) | ▲ | 2.98% | +0.51 | 2.46% |
| Efficiency Ratio (%) | ▲ | 66.21% | -7.24 | 73.45% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.68 | $1 |
| Cost of Funds (%) | ▲ | 2.36% | -0.37 | 2.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $807 | -10.66 | $817 |
| Gross Loans ($M) | ▼ | $718 | -0.30 | $719 |
| Loan Growth YoY (%) | ▼ | 108.98% | -7.17 | 116.14% |
| Total Deposits ($M) | ▲ | $652 | +39.76 | $612 |
| Shareholders Equity ($M) | ▲ | $74 | +5.25 | $69 |
| Tang. Book Value ($M) | ▲ | $74 | +5.25 | $69 |
| Loan / Deposit Ratio (%) | ▼ | 108.98% | -7.17 | 116.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.71% | +0.71 | 0.00% |
| Allowance / Loans (%) | — | 1.10% | 0.03% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 0.79% | +0.79 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.02% | +0.67 | 10.35% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▇▇█ | Net Interest Margin (%) | 2.20% | 2.18% | 2.22% | 2.46% | 2.64% | 2.80% | 2.85% | 2.98% |
| ▂▁▁▁▄▆▃█ | Return on Assets (%) | 0.51% | 0.47% | 0.46% | 0.50% | 0.62% | 0.69% | 0.57% | 0.79% |
| ▇█▇█▄▂█▁ | Efficiency Ratio (%) | 72.5% | 72.6% | 72.5% | 73.4% | 69.0% | 67.5% | 73.4% | 66.2% |
| █▇▇▆▆▂▁▁ | Cost of Funds (%) | 2.86% | 2.80% | 2.76% | 2.73% | 2.73% | 2.45% | 2.41% | 2.36% |
| ▁▁▁▁▁▁█▇ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.89% | 0.71% |
| ▁▁▁▁▁▁█▇ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.00% | 0.79% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $66 | $67 | $68 | $69 | $70 | $72 | $72 | $74 |
| ▁▄▇█████ | Gross Loans ($M) | $645 | $681 | $702 | $719 | $715 | $715 | $719 | $718 |
| ▁▃▃▁█▅▇▅ | Total Deposits ($M) | $621 | $637 | $637 | $612 | $687 | $656 | $671 | $652 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 34% |
| Brokered / Other | 47% |