Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.31 | 0.91% |
| Return on Equity (%) | ▲ | 12.96% | +2.61 | 10.35% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.27 | 3.47% |
| Efficiency Ratio (%) | ▲ | 57.71% | -4.43 | 62.14% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.47 | $2 |
| Cost of Funds (%) | ▲ | 2.08% | -0.23 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $488 | +26.76 | $461 |
| Gross Loans ($M) | ▲ | $401 | +11.51 | $389 |
| Loan Growth YoY (%) | ▼ | 96.22% | -1.66 | 97.89% |
| Total Deposits ($M) | ▲ | $411 | +18.61 | $393 |
| Shareholders Equity ($M) | ▲ | $46 | +5.14 | $41 |
| Tang. Book Value ($M) | ▲ | $46 | +5.14 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +5.38 | $43 |
| Loan / Deposit Ratio (%) | ▼ | 96.22% | -1.66 | 97.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.19 | 0.57% |
| Allowance / Loans (%) | — | 1.26% | -0.00% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.46% | -0.22 | 0.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▇██ | Net Interest Margin (%) | 3.06% | 3.17% | 3.27% | 3.47% | 3.52% | 3.61% | 3.66% | 3.73% |
| ▁▂▄▄▄▅▆█ | Return on Assets (%) | 0.72% | 0.84% | 0.92% | 0.91% | 0.95% | 1.03% | 1.06% | 1.22% |
| █▆▄▄▃▃▂▁ | Efficiency Ratio (%) | 68.1% | 64.4% | 62.7% | 62.1% | 61.5% | 60.7% | 60.0% | 57.7% |
| ██▅▄▅▃▁▁ | Cost of Funds (%) | 2.69% | 2.66% | 2.39% | 2.32% | 2.40% | 2.29% | 2.11% | 2.08% |
| ▃▇██▆▃▁▄ | NPA / Assets (%) | 0.34% | 0.53% | 0.55% | 0.57% | 0.48% | 0.34% | 0.22% | 0.38% |
| ▄███▆▂▁▄ | Net Charge-Off Ratio (%) | 0.42% | 0.64% | 0.66% | 0.68% | 0.57% | 0.32% | 0.26% | 0.46% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $37 | $39 | $40 | $41 | $42 | $43 | $45 | $46 |
| ▁▂▄▆▆▇██ | Gross Loans ($M) | $352 | $364 | $377 | $389 | $390 | $392 | $405 | $401 |
| ▄▂▁▅▆▇▆█ | Total Deposits ($M) | $386 | $378 | $370 | $393 | $398 | $404 | $401 | $411 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 12% |