Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.90% | -0.02 | 0.91% |
| Return on Equity (%) | ▼ | 6.38% | -0.65 | 7.03% |
| Net Interest Margin (%) | ▼ | 3.57% | -0.31 | 3.88% |
| Efficiency Ratio (%) | ▼ | 68.08% | +7.46 | 60.63% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.50 | $2 |
| Cost of Funds (%) | ▲ | 2.95% | -0.26 | 3.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $515 | +5.25 | $510 |
| Gross Loans ($M) | ▼ | $415 | -16.85 | $432 |
| Loan Growth YoY (%) | ▼ | 93.63% | -4.18 | 97.82% |
| Total Deposits ($M) | ▲ | $437 | +1.33 | $436 |
| Shareholders Equity ($M) | ▲ | $72 | +4.85 | $67 |
| Tang. Book Value ($M) | ▲ | $72 | +5.01 | $67 |
| Loan / Deposit Ratio (%) | ▼ | 93.63% | -4.18 | 97.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.96% | +0.48 | 1.49% |
| Allowance / Loans (%) | — | 1.25% | 0.08% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 2.23% | +0.48 | 1.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.48% | +1.45 | 15.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▃▇▆█▇▁ | Net Interest Margin (%) | 3.70% | 3.69% | 3.67% | 3.88% | 3.86% | 3.97% | 3.91% | 3.57% |
| ▆▆█▄▄▁▆▃ | Return on Assets (%) | 0.96% | 0.97% | 1.02% | 0.91% | 0.92% | 0.84% | 0.97% | 0.90% |
| ▃▃▁▁▁▁▁█ | Efficiency Ratio (%) | 62.0% | 62.4% | 60.0% | 60.6% | 60.9% | 60.9% | 60.9% | 68.1% |
| █▇▆▃▂▁▂▁ | Cost of Funds (%) | 3.69% | 3.59% | 3.47% | 3.20% | 3.08% | 2.95% | 3.09% | 2.95% |
| ▁▁▅▅▅▅█▇ | NPA / Assets (%) | 0.34% | 0.34% | 1.44% | 1.49% | 1.44% | 1.44% | 2.34% | 1.96% |
| ▁▁▆▅▄▄█▇ | Net Charge-Off Ratio (%) | 0.45% | 0.43% | 1.82% | 1.75% | 1.49% | 1.44% | 2.64% | 2.23% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $63 | $64 | $66 | $67 | $68 | $69 | $71 | $72 |
| ▁▃▅█▅▇▆▅ | Gross Loans ($M) | $392 | $406 | $416 | $432 | $413 | $426 | $420 | $415 |
| ▇▇█▆▅▁▅▆ | Total Deposits ($M) | $441 | $439 | $445 | $436 | $435 | $419 | $433 | $437 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 34% |