Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.52% | +0.06 | 0.47% |
| Return on Equity (%) | ▲ | 6.64% | +0.45 | 6.19% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.30 | 2.77% |
| Efficiency Ratio (%) | ▲ | 75.93% | -0.36 | 76.29% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.13 | $1 |
| Cost of Funds (%) | ▲ | 2.32% | -0.14 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $420 | +23.20 | $396 |
| Gross Loans ($M) | ▲ | $355 | +14.33 | $341 |
| Loan Growth YoY (%) | ▼ | 98.56% | -8.77 | 107.33% |
| Total Deposits ($M) | ▲ | $357 | +42.53 | $315 |
| Shareholders Equity ($M) | ▲ | $34 | +3.66 | $30 |
| Tang. Book Value ($M) | ▲ | $34 | +3.66 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 98.56% | -8.77 | 107.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.18 | 0.03% |
| Allowance / Loans (%) | — | 0.91% | -0.03% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.21 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.16% | +0.75 | 11.41% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▆█ | Net Interest Margin (%) | 2.71% | 2.69% | 2.70% | 2.77% | 2.80% | 2.87% | 2.95% | 3.08% |
| ▁▂▄▅▃▄██ | Return on Assets (%) | 0.40% | 0.42% | 0.45% | 0.47% | 0.44% | 0.46% | 0.51% | 0.52% |
| █▆▄▁▄▃▁▁ | Efficiency Ratio (%) | 80.3% | 78.9% | 77.7% | 76.3% | 77.9% | 77.2% | 76.0% | 75.9% |
| ▅██▆▃█▁▁ | Cost of Funds (%) | 2.45% | 2.54% | 2.53% | 2.45% | 2.38% | 2.53% | 2.29% | 2.32% |
| ▁▂▁▁▁▁██ | NPA / Assets (%) | 0.01% | 0.04% | 0.03% | 0.03% | 0.02% | 0.03% | 0.21% | 0.21% |
| ▁▂▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.01% | 0.05% | 0.04% | 0.04% | 0.02% | 0.03% | 0.26% | 0.25% |
| ▁▂▂▂▆▇██ | Tang. Book Value ($M) | $29 | $30 | $30 | $30 | $32 | $33 | $33 | $34 |
| ▁▁▅▆▇▇██ | Gross Loans ($M) | $316 | $320 | $336 | $341 | $347 | $350 | $353 | $355 |
| ▁▁▃▃▆███ | Total Deposits ($M) | $292 | $298 | $312 | $315 | $344 | $363 | $363 | $357 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 24% |