Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.15% | -0.72 | 1.87% |
| Return on Equity (%) | ▼ | 8.45% | -7.45 | 15.90% |
| Net Interest Margin (%) | ▼ | 4.99% | -0.23 | 5.22% |
| Efficiency Ratio (%) | ▼ | 64.29% | +7.45 | 56.84% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.23 | $2 |
| Cost of Funds (%) | ▲ | 2.00% | -0.59 | 2.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $322 | +61.62 | $261 |
| Gross Loans ($M) | ▲ | $249 | +23.55 | $225 |
| Loan Growth YoY (%) | ▼ | 88.22% | -9.89 | 98.11% |
| Total Deposits ($M) | ▲ | $278 | +51.78 | $227 |
| Shareholders Equity ($M) | ▲ | $41 | +9.32 | $32 |
| Tang. Book Value ($M) | ▲ | $41 | +9.32 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 88.22% | -9.89 | 98.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.99% | +0.41 | 1.58% |
| Allowance / Loans (%) | — | 1.26% | -0.00% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 1.82% | +1.16 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.11% | +1.25 | 12.85% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▂▄▃███▁ | Net Interest Margin (%) | 5.26% | 5.13% | 5.26% | 5.22% | 5.59% | 5.63% | 5.64% | 4.99% |
| ▆▆▅▇█▇█▁ | Return on Assets (%) | 1.74% | 1.73% | 1.70% | 1.87% | 2.03% | 1.91% | 1.98% | 1.15% |
| ▁▁▁▃▂▃▁█ | Efficiency Ratio (%) | 53.4% | 53.8% | 53.8% | 56.8% | 54.9% | 56.4% | 54.6% | 64.3% |
| ██▅▄▄▃▃▁ | Cost of Funds (%) | 3.14% | 3.26% | 2.71% | 2.59% | 2.57% | 2.46% | 2.32% | 2.00% |
| ▁██▇▆▆▆█ | NPA / Assets (%) | 0.00% | 2.08% | 1.88% | 1.58% | 1.55% | 1.56% | 1.32% | 1.99% |
| ▁█▅▃▃▄▄█ | Net Charge-Off Ratio (%) | 0.00% | 1.85% | 0.95% | 0.66% | 0.68% | 0.76% | 0.73% | 1.82% |
| ▁▁▂▃▄▄██ | Tang. Book Value ($M) | $28 | $29 | $30 | $32 | $33 | $34 | $40 | $41 |
| ▁▁▂▅▄▄▆█ | Gross Loans ($M) | $200 | $203 | $210 | $225 | $219 | $224 | $234 | $249 |
| ▁▁▃▃▃▄▃█ | Total Deposits ($M) | $213 | $207 | $227 | $227 | $227 | $239 | $228 | $278 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 32% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 17% |