Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +1.60 | -0.52% |
| Return on Equity (%) | ▲ | 5.41% | +7.98 | -2.57% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.04 | 3.45% |
| Efficiency Ratio (%) | ▲ | 65.76% | -3.49 | 69.25% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.28 | $1 |
| Cost of Funds (%) | ▼ | 1.41% | +0.04 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $496 | +53.71 | $442 |
| Gross Loans ($M) | ▲ | $303 | +10.14 | $292 |
| Loan Growth YoY (%) | ▼ | 76.94% | -6.37 | 83.31% |
| Total Deposits ($M) | ▲ | $389 | +42.08 | $347 |
| Shareholders Equity ($M) | ▲ | $98 | +8.65 | $89 |
| Tang. Book Value ($M) | ▲ | $98 | +8.65 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +9.56 | $95 |
| Loan / Deposit Ratio (%) | ▼ | 76.94% | -6.37 | 83.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.53% | -0.17 | 0.70% |
| Allowance / Loans (%) | — | 1.06% | -0.09% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.77% | -0.22 | 0.99% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆████ | Net Interest Margin (%) | 3.38% | 3.37% | 3.38% | 3.45% | 3.48% | 3.49% | 3.49% | 3.49% |
| ▄▇█▁▆██▇ | Return on Assets (%) | 0.26% | 1.24% | 1.30% | -0.52% | 0.99% | 1.50% | 1.52% | 1.08% |
| ▅▅█▄▅▄▇▁ | Efficiency Ratio (%) | 69.9% | 70.3% | 73.3% | 69.3% | 69.8% | 68.8% | 71.7% | 65.8% |
| ▁▅▇▅▅██▇ | Cost of Funds (%) | 1.27% | 1.36% | 1.42% | 1.37% | 1.37% | 1.44% | 1.44% | 1.41% |
| ▆█▇▄██▅▁ | NPA / Assets (%) | 0.80% | 0.90% | 0.81% | 0.70% | 0.85% | 0.87% | 0.75% | 0.53% |
| ▅█▇▄██▆▁ | Net Charge-Off Ratio (%) | 1.02% | 1.25% | 1.15% | 0.99% | 1.20% | 1.24% | 1.11% | 0.77% |
| ▁▄▄▄▄▇██ | Tang. Book Value ($M) | $83 | $89 | $89 | $89 | $90 | $94 | $97 | $98 |
| ▁▃▄▅▅▇██ | Gross Loans ($M) | $281 | $287 | $291 | $292 | $293 | $299 | $304 | $303 |
| ▁▁▂▃▄▅▇█ | Total Deposits ($M) | $322 | $328 | $333 | $347 | $351 | $357 | $373 | $389 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 2% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 9% |