Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.53% | -0.62 | 2.14% |
| Return on Equity (%) | ▼ | 15.28% | -7.17 | 22.45% |
| Net Interest Margin (%) | ▲ | 5.17% | +0.08 | 5.09% |
| Efficiency Ratio (%) | ▼ | 63.34% | +14.42 | 48.92% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.41 | $2 |
| Cost of Funds (%) | ▲ | 1.11% | -0.06 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $253 | +11.18 | $242 |
| Gross Loans ($M) | ▲ | $186 | +6.67 | $179 |
| Loan Growth YoY (%) | ▼ | 80.90% | -2.28 | 83.18% |
| Total Deposits ($M) | ▲ | $227 | +14.18 | $213 |
| Shareholders Equity ($M) | ▲ | $25 | +1.95 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +1.95 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 80.90% | -2.28 | 83.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.28 | 0.28% |
| Allowance / Loans (%) | — | 1.10% | -0.01% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.38 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.55% | -0.14 | 13.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇████ | Net Interest Margin (%) | 4.70% | 4.75% | 4.84% | 5.09% | 5.16% | 5.21% | 5.18% | 5.17% |
| ▇▇▅██▇▅▁ | Return on Assets (%) | 2.00% | 2.04% | 1.87% | 2.14% | 2.14% | 2.04% | 1.87% | 1.53% |
| ▁▁▃▁▁▂▄█ | Efficiency Ratio (%) | 49.2% | 48.6% | 53.6% | 48.9% | 50.0% | 52.0% | 54.5% | 63.3% |
| ▅█▆▂▁▁▂▁ | Cost of Funds (%) | 1.32% | 1.46% | 1.35% | 1.17% | 1.14% | 1.15% | 1.18% | 1.11% |
| ▁▁██▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.29% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁██▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.36% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▄▅▆▆█ | Tang. Book Value ($M) | $22 | $22 | $22 | $23 | $24 | $24 | $24 | $25 |
| █▇▅▂▃▁▁▅ | Gross Loans ($M) | $194 | $191 | $187 | $179 | $183 | $177 | $176 | $186 |
| ▄▆▁▃▁▄▅█ | Total Deposits ($M) | $215 | $222 | $206 | $213 | $207 | $215 | $218 | $227 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 4% |