Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.10 | 1.85% |
| Return on Equity (%) | ▼ | 21.96% | -0.49 | 22.45% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.01 | 3.68% |
| Efficiency Ratio (%) | ▲ | 48.10% | -0.74 | 48.84% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.01 | $1 |
| Cost of Funds (%) | ▲ | 1.46% | -0.22 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $307 | +12.23 | $295 |
| Gross Loans ($M) | ▼ | $201 | -0.86 | $202 |
| Loan Growth YoY (%) | ▼ | 70.77% | -3.32 | 74.09% |
| Total Deposits ($M) | ▲ | $280 | +11.18 | $269 |
| Shareholders Equity ($M) | ▲ | $26 | +1.48 | $25 |
| Tang. Book Value ($M) | ▲ | $26 | +1.48 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +1.47 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 70.77% | -3.32 | 74.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.21 | 0.32% |
| Allowance / Loans (%) | — | 1.61% | 0.07% | 1.53% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.30 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.89% | +0.89 | 12.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇▇██▇ | Net Interest Margin (%) | 3.19% | 3.19% | 3.35% | 3.68% | 3.69% | 3.74% | 3.77% | 3.70% |
| ▁▁▄▆▇███ | Return on Assets (%) | 1.54% | 1.58% | 1.74% | 1.85% | 1.88% | 1.92% | 1.95% | 1.95% |
| █▇▃▃▂▁▁▂ | Efficiency Ratio (%) | 52.4% | 51.4% | 48.9% | 48.8% | 47.9% | 47.5% | 47.1% | 48.1% |
| ██▅▄▃▃▂▁ | Cost of Funds (%) | 2.03% | 1.99% | 1.81% | 1.68% | 1.60% | 1.66% | 1.59% | 1.46% |
| ▁▁▁█▁▁▄▃ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% | 0.00% | 0.12% | 0.11% |
| ▁▁▁█▁▁▄▃ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.47% | 0.00% | 0.00% | 0.18% | 0.17% |
| ▁▃▃▃▂▇██ | Tang. Book Value ($M) | $24 | $25 | $25 | $25 | $25 | $26 | $26 | $26 |
| ▁▄▃▇█▃▁▆ | Gross Loans ($M) | $191 | $198 | $196 | $202 | $205 | $196 | $191 | $201 |
| ▇█▆▃▅▃▁▆ | Total Deposits ($M) | $284 | $290 | $282 | $269 | $275 | $267 | $259 | $280 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 22% |