Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.53% | +0.20 | 1.33% |
| Return on Equity (%) | ▲ | 13.93% | +1.26 | 12.67% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.18 | 3.59% |
| Efficiency Ratio (%) | ▲ | 47.78% | -5.97 | 53.75% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.58 | $2 |
| Cost of Funds (%) | ▲ | 1.49% | -0.14 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $563 | +23.75 | $539 |
| Gross Loans ($M) | ▲ | $316 | +7.76 | $309 |
| Loan Growth YoY (%) | ▼ | 62.57% | -0.95 | 63.52% |
| Total Deposits ($M) | ▲ | $498 | +19.18 | $479 |
| Shareholders Equity ($M) | ▲ | $62 | +4.10 | $58 |
| Tang. Book Value ($M) | ▲ | $62 | +4.10 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +4.10 | $65 |
| Loan / Deposit Ratio (%) | ▼ | 62.57% | -0.95 | 63.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.06 | 0.10% |
| Allowance / Loans (%) | — | 1.47% | 0.06% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 0.28% | +0.10 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆███ | Net Interest Margin (%) | 3.51% | 3.48% | 3.49% | 3.59% | 3.70% | 3.74% | 3.78% | 3.78% |
| ▃▁▁▁▅▅▆█ | Return on Assets (%) | 1.39% | 1.35% | 1.35% | 1.33% | 1.44% | 1.44% | 1.46% | 1.53% |
| ▄▆▇█▅▅▄▁ | Efficiency Ratio (%) | 50.5% | 52.1% | 52.5% | 53.8% | 51.4% | 51.3% | 50.7% | 47.8% |
| ▂██▅▄▅▄▁ | Cost of Funds (%) | 1.53% | 1.78% | 1.77% | 1.63% | 1.61% | 1.66% | 1.60% | 1.49% |
| ▇█▇▁▃▃▁▂ | NPA / Assets (%) | 0.40% | 0.46% | 0.38% | 0.10% | 0.20% | 0.21% | 0.14% | 0.16% |
| ▇█▃▁▃▃▁▂ | Net Charge-Off Ratio (%) | 0.74% | 0.85% | 0.41% | 0.18% | 0.35% | 0.36% | 0.24% | 0.28% |
| ▁▅▂▅▄█▇█ | Tang. Book Value ($M) | $53 | $57 | $54 | $57 | $57 | $61 | $60 | $62 |
| ▁▁▆▇██▇█ | Gross Loans ($M) | $287 | $285 | $306 | $309 | $315 | $314 | $312 | $316 |
| ▄▁▂▃▄▂▆█ | Total Deposits ($M) | $480 | $469 | $476 | $479 | $482 | $476 | $489 | $498 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 12% |