Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.36% | -0.11 | 1.46% |
| Return on Equity (%) | ▼ | 10.92% | -1.42 | 12.34% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.18 | 4.13% |
| Efficiency Ratio (%) | ▼ | 62.60% | +4.30 | 58.29% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.06 | $1 |
| Cost of Funds (%) | ▲ | 0.93% | -0.03 | 0.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $204 | +4.34 | $200 |
| Gross Loans ($M) | ▲ | $127 | +6.81 | $120 |
| Loan Growth YoY (%) | ▲ | 70.38% | +2.69 | 67.69% |
| Total Deposits ($M) | ▲ | $178 | +3.04 | $175 |
| Shareholders Equity ($M) | ▲ | $25 | +1.25 | $24 |
| Tang. Book Value ($M) | ▲ | $25 | +1.25 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +1.05 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 70.38% | +2.69 | 67.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.07 | 0.17% |
| Allowance / Loans (%) | — | 1.19% | -0.10% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.13 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆██▇ | Net Interest Margin (%) | 3.93% | 3.95% | 4.00% | 4.13% | 4.28% | 4.34% | 4.40% | 4.31% |
| ▁▁▂▇███▄ | Return on Assets (%) | 1.24% | 1.25% | 1.28% | 1.46% | 1.52% | 1.52% | 1.52% | 1.36% |
| ███▂▁▁▂█ | Efficiency Ratio (%) | 62.7% | 62.3% | 62.2% | 58.3% | 57.6% | 58.2% | 58.7% | 62.6% |
| ▅▇█▂▁▁▂▁ | Cost of Funds (%) | 1.02% | 1.07% | 1.12% | 0.96% | 0.91% | 0.92% | 0.95% | 0.93% |
| ▁▁▁▁▆█▅▃ | NPA / Assets (%) | 0.15% | 0.16% | 0.16% | 0.17% | 0.32% | 0.41% | 0.30% | 0.24% |
| ▂▂▂▃▆█▂▁ | Net Charge-Off Ratio (%) | 0.25% | 0.27% | 0.26% | 0.29% | 0.53% | 0.66% | 0.26% | 0.16% |
| ▁▄▃▆▅███ | Tang. Book Value ($M) | $21 | $23 | $23 | $24 | $23 | $25 | $25 | $25 |
| ▁▂▃▃▄▅▆█ | Gross Loans ($M) | $117 | $119 | $120 | $120 | $122 | $123 | $123 | $127 |
| ▁▄▄▆▆▅▅█ | Total Deposits ($M) | $168 | $172 | $172 | $175 | $175 | $174 | $173 | $178 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Consumer | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 3% |