Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.07 | 1.14% |
| Return on Equity (%) | ▼ | 9.25% | -0.10 | 9.35% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.26 | 3.27% |
| Efficiency Ratio (%) | ▼ | 56.07% | +0.56 | 55.51% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $1 |
| Cost of Funds (%) | ▲ | 1.72% | -0.01 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $263 | +5.20 | $258 |
| Gross Loans ($M) | ▲ | $157 | +3.99 | $153 |
| Loan Growth YoY (%) | ▼ | 80.57% | -1.08 | 81.65% |
| Total Deposits ($M) | ▲ | $192 | +7.30 | $185 |
| Shareholders Equity ($M) | ▲ | $35 | +3.23 | $31 |
| Tang. Book Value ($M) | ▲ | $35 | +3.23 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +3.54 | $35 |
| Loan / Deposit Ratio (%) | ▼ | 80.57% | -1.08 | 81.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.02 | 0.04% |
| Allowance / Loans (%) | — | 1.46% | 0.03% | 1.43% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.03 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▂▅▇█▇ | Net Interest Margin (%) | 3.19% | 3.25% | 3.28% | 3.27% | 3.43% | 3.52% | 3.59% | 3.53% |
| ▁▂▂▃▆▇█▅ | Return on Assets (%) | 1.05% | 1.10% | 1.09% | 1.14% | 1.24% | 1.29% | 1.35% | 1.21% |
| █▇█▅▃▂▁▆ | Efficiency Ratio (%) | 58.5% | 57.3% | 58.0% | 55.5% | 53.6% | 53.0% | 51.9% | 56.1% |
| ▁▇█▂▂▆▄▁ | Cost of Funds (%) | 1.71% | 1.84% | 1.85% | 1.74% | 1.74% | 1.81% | 1.77% | 1.72% |
| ▇█▁▁▁▁▁▁ | NPA / Assets (%) | 0.30% | 0.36% | 0.01% | 0.04% | 0.01% | 0.03% | 0.03% | 0.03% |
| ▇█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.49% | 0.58% | 0.01% | 0.07% | 0.01% | 0.04% | 0.04% | 0.05% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $29 | $30 | $31 | $31 | $32 | $33 | $34 | $35 |
| ▂▁▁▁▇██▄ | Gross Loans ($M) | $154 | $153 | $152 | $153 | $160 | $163 | $162 | $157 |
| ▄▁▄▄▇███ | Total Deposits ($M) | $185 | $180 | $184 | $185 | $191 | $191 | $192 | $192 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 8% |