Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.78 | 0.20% |
| Return on Equity (%) | ▲ | 12.20% | +9.78 | 2.42% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.56 | 2.82% |
| Efficiency Ratio (%) | ▲ | 61.40% | -9.15 | 70.55% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.34 | $1 |
| Cost of Funds (%) | ▲ | 2.59% | -0.34 | 2.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $257 | -4.09 | $261 |
| Gross Loans ($M) | ▲ | $198 | +4.56 | $194 |
| Loan Growth YoY (%) | ▲ | 84.07% | +3.53 | 80.54% |
| Total Deposits ($M) | ▼ | $233 | -4.09 | $237 |
| Shareholders Equity ($M) | ▲ | $22 | +0.26 | $22 |
| Tang. Book Value ($M) | ▲ | $22 | +0.26 | $22 |
| Loan / Deposit Ratio (%) | ▲ | 84.07% | +3.53 | 80.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -1.04 | 1.20% |
| Allowance / Loans (%) | — | 1.18% | -0.22% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -1.42 | 1.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.36% | -0.25 | 10.61% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▅▄▁▂▅▄█ | Net Interest Margin (%) | 3.02% | 3.15% | 3.08% | 2.82% | 2.95% | 3.15% | 3.09% | 3.37% |
| ▇▇▆▅▁▂▁█ | Return on Assets (%) | 0.63% | 0.67% | 0.53% | 0.20% | -0.74% | -0.32% | -0.64% | 0.97% |
| ▇▆█▇▇▆▆▁ | Efficiency Ratio (%) | 71.2% | 70.0% | 73.4% | 70.6% | 71.8% | 69.7% | 70.0% | 61.4% |
| ▇█▃▇▄▆▁▃ | Cost of Funds (%) | 2.87% | 3.02% | 2.60% | 2.93% | 2.68% | 2.78% | 2.36% | 2.59% |
| ▁▁▁▅██▁▁ | NPA / Assets (%) | 0.12% | 0.11% | 0.09% | 1.20% | 1.99% | 2.05% | 0.15% | 0.16% |
| ▁▁▁▆██▁▁ | Net Charge-Off Ratio (%) | 0.14% | 0.13% | 0.12% | 1.62% | 2.39% | 2.41% | 0.21% | 0.21% |
| ▁▅▅▇▁▄▅█ | Tang. Book Value ($M) | $21 | $22 | $22 | $22 | $21 | $21 | $22 | $22 |
| ▁▅▇▃██▆▄ | Gross Loans ($M) | $187 | $199 | $206 | $194 | $210 | $208 | $203 | $198 |
| ▁▂▆▄▃▂█▄ | Total Deposits ($M) | $206 | $216 | $252 | $237 | $228 | $220 | $269 | $233 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 27% |
| Other | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 24% |