Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.35 | 0.28% |
| Return on Equity (%) | ▲ | 6.53% | +3.50 | 3.03% |
| Net Interest Margin (%) | ▲ | 2.81% | +0.11 | 2.70% |
| Efficiency Ratio (%) | ▲ | 81.10% | -9.41 | 90.51% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.35 | $0 |
| Cost of Funds (%) | ▲ | 2.27% | -0.28 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $511 | -5.72 | $516 |
| Gross Loans ($M) | ▼ | $439 | -26.98 | $466 |
| Loan Growth YoY (%) | ▼ | 98.68% | -6.92 | 105.60% |
| Total Deposits ($M) | ▲ | $440 | +3.35 | $437 |
| Shareholders Equity ($M) | ▲ | $50 | +1.27 | $49 |
| Tang. Book Value ($M) | ▲ | $50 | +1.27 | $49 |
| Loan / Deposit Ratio (%) | ▼ | 98.68% | -6.92 | 105.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.09 | 0.09% |
| Allowance / Loans (%) | — | 1.14% | 0.05% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.11 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.40% | +1.02 | 11.37% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▆▇▇█ | Net Interest Margin (%) | 2.44% | 2.50% | 2.55% | 2.70% | 2.70% | 2.72% | 2.76% | 2.81% |
| ▁▁▂▄▄▄▅█ | Return on Assets (%) | 0.06% | 0.09% | 0.14% | 0.28% | 0.29% | 0.34% | 0.38% | 0.63% |
| ██▇▅▄▃▂▁ | Efficiency Ratio (%) | 98.7% | 97.7% | 95.0% | 90.5% | 88.7% | 86.4% | 84.8% | 81.1% |
| ██▆▅▅▄▃▁ | Cost of Funds (%) | 2.75% | 2.81% | 2.67% | 2.55% | 2.56% | 2.48% | 2.43% | 2.27% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.18% | 0.18% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.09% | 0.09% | 0.10% | 0.10% | 0.10% | 0.10% | 0.20% | 0.21% |
| ▁▂▃▅▆█▆█ | Tang. Book Value ($M) | $48 | $48 | $48 | $49 | $49 | $50 | $49 | $50 |
| █▇▆▄▃▁▁▁ | Gross Loans ($M) | $499 | $489 | $480 | $466 | $457 | $445 | $446 | $439 |
| ▇█▂▂▁▅▄▂ | Total Deposits ($M) | $462 | $472 | $437 | $437 | $431 | $452 | $446 | $440 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 22% |