Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.50% | -0.09 | 0.59% |
| Return on Equity (%) | ▼ | 3.28% | -0.77 | 4.05% |
| Net Interest Margin (%) | ▲ | 2.60% | +0.29 | 2.31% |
| Efficiency Ratio (%) | ▼ | 80.53% | +5.58 | 74.95% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.06 | $1 |
| Cost of Funds (%) | ▲ | 1.53% | -0.06 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $467 | +3.12 | $464 |
| Gross Loans ($M) | ▲ | $254 | +8.79 | $246 |
| Loan Growth YoY (%) | ▲ | 69.01% | +1.56 | 67.45% |
| Total Deposits ($M) | ▲ | $365 | +4.50 | $361 |
| Shareholders Equity ($M) | ▲ | $71 | +3.24 | $68 |
| Tang. Book Value ($M) | ▲ | $71 | +3.24 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +2.84 | $78 |
| Loan / Deposit Ratio (%) | ▲ | 69.01% | +1.56 | 67.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.06 | 0.02% |
| Allowance / Loans (%) | — | 0.90% | -0.01% | 0.91% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.01 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.15% | 2.19% | 2.20% | 2.31% | 2.35% | 2.40% | 2.45% | 2.60% |
| ▁▃▄▇███▄ | Return on Assets (%) | 0.41% | 0.47% | 0.51% | 0.59% | 0.61% | 0.60% | 0.62% | 0.50% |
| █▅▃▁▄▂▁▇ | Efficiency Ratio (%) | 81.6% | 78.8% | 76.5% | 75.0% | 77.1% | 75.4% | 74.3% | 80.5% |
| ▇██▄▆█▄▁ | Cost of Funds (%) | 1.65% | 1.65% | 1.67% | 1.59% | 1.63% | 1.65% | 1.60% | 1.53% |
| ▁▁▁▁██▇▇ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.02% | 0.10% | 0.09% | 0.09% | 0.09% |
| ▇▆▅▄█▃▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.05% | 0.05% | 0.06% | 0.04% | 0.04% | 0.04% |
| ▁▄▁▄▅▇██ | Tang. Book Value ($M) | $66 | $68 | $66 | $68 | $69 | $70 | $71 | $71 |
| ▁▂▁▅▆███ | Gross Loans ($M) | $237 | $240 | $239 | $246 | $249 | $254 | $254 | $254 |
| ▇█▆▁▁▂▁▄ | Total Deposits ($M) | $372 | $374 | $369 | $361 | $360 | $363 | $359 | $365 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 2% |
| Consumer | 10% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 7% |