Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.47% | -0.24 | 2.71% |
| Return on Equity (%) | ▼ | 18.63% | -4.88 | 23.51% |
| Net Interest Margin (%) | ▼ | 5.33% | -0.05 | 5.38% |
| Efficiency Ratio (%) | ▼ | 56.89% | +4.53 | 52.36% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.13 | $1 |
| Cost of Funds (%) | ▲ | 0.59% | -0.02 | 0.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $189 | -0.37 | $189 |
| Gross Loans ($M) | ▲ | $85 | +2.72 | $82 |
| Loan Growth YoY (%) | ▲ | 51.26% | +2.56 | 48.70% |
| Total Deposits ($M) | ▼ | $163 | -2.89 | $166 |
| Shareholders Equity ($M) | ▲ | $25 | +2.62 | $22 |
| Tang. Book Value ($M) | ▲ | $25 | +2.62 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +2.79 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 51.26% | +2.56 | 48.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.01 | 0.06% |
| Allowance / Loans (%) | — | 1.75% | -0.11% | 1.86% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.02 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 33.82% | +1.00 | 32.81% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▄▄▅▁ | Net Interest Margin (%) | 5.78% | 5.77% | 5.75% | 5.38% | 5.54% | 5.54% | 5.57% | 5.33% |
| ▄▂▁▆▇██▂ | Return on Assets (%) | 2.63% | 2.50% | 2.41% | 2.71% | 2.79% | 2.86% | 2.90% | 2.47% |
| ▆▇█▂▂▁▁▆ | Efficiency Ratio (%) | 57.0% | 59.0% | 60.4% | 52.4% | 52.1% | 50.9% | 50.9% | 56.9% |
| ▁█▃▂▇▆▄▁ | Cost of Funds (%) | 0.58% | 0.70% | 0.62% | 0.61% | 0.68% | 0.67% | 0.63% | 0.59% |
| ▃▆▁▁▁▆█▁ | NPA / Assets (%) | 0.08% | 0.10% | 0.06% | 0.06% | 0.06% | 0.10% | 0.12% | 0.06% |
| ▃▅▂▂▁▆█▁ | Net Charge-Off Ratio (%) | 0.16% | 0.21% | 0.14% | 0.15% | 0.14% | 0.22% | 0.26% | 0.13% |
| ▃▆▁▄▃█▇█ | Tang. Book Value ($M) | $22 | $24 | $21 | $22 | $22 | $25 | $24 | $25 |
| ▁▃▁▂▇▆█▆ | Gross Loans ($M) | $81 | $83 | $82 | $82 | $85 | $85 | $86 | $85 |
| ▁▂▇█▆▄▆▇ | Total Deposits ($M) | $148 | $150 | $163 | $166 | $161 | $155 | $159 | $163 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 9% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 49% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 4% |