Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.19 | 1.12% |
| Return on Equity (%) | ▲ | 10.11% | +1.39 | 8.72% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.01 | 4.13% |
| Efficiency Ratio (%) | ▲ | 60.74% | -6.32 | 67.06% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.34 | $1 |
| Cost of Funds (%) | ▲ | 1.82% | -0.04 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $362 | +25.67 | $337 |
| Gross Loans ($M) | ▲ | $316 | +13.13 | $303 |
| Loan Growth YoY (%) | ▼ | 100.01% | -2.97 | 102.99% |
| Total Deposits ($M) | ▲ | $311 | +21.57 | $290 |
| Shareholders Equity ($M) | ▲ | $47 | +3.69 | $43 |
| Tang. Book Value ($M) | ▲ | $47 | +3.69 | $43 |
| Loan / Deposit Ratio (%) | ▼ | 100.01% | -2.97 | 102.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.06% | +0.79 | 1.27% |
| Allowance / Loans (%) | — | 1.63% | -0.02% | 1.64% |
| Net Charge-Off Ratio (%) | ▼ | 2.36% | +0.95 | 1.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.83% | +1.30 | 13.53% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇▇█▆ | Net Interest Margin (%) | 3.93% | 3.97% | 4.04% | 4.13% | 4.15% | 4.17% | 4.22% | 4.14% |
| ▂▁▁▄▄▄▄█ | Return on Assets (%) | 1.04% | 1.01% | 0.98% | 1.12% | 1.12% | 1.14% | 1.14% | 1.32% |
| ▆▇█▇▄▅▆▁ | Efficiency Ratio (%) | 66.9% | 67.9% | 69.1% | 67.1% | 64.9% | 65.1% | 66.0% | 60.7% |
| █▇▆▂▁▂▆▁ | Cost of Funds (%) | 2.05% | 2.00% | 1.99% | 1.86% | 1.82% | 1.88% | 1.97% | 1.82% |
| ▁▅▅▅████ | NPA / Assets (%) | 0.03% | 1.31% | 1.33% | 1.27% | 2.06% | 1.99% | 2.12% | 2.06% |
| ▁▅▅▅████ | Net Charge-Off Ratio (%) | 0.03% | 1.46% | 1.45% | 1.41% | 2.25% | 2.24% | 2.33% | 2.36% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $41 | $41 | $42 | $43 | $44 | $45 | $46 | $47 |
| ▁▂▂▄██▇▇ | Gross Loans ($M) | $289 | $297 | $297 | $303 | $323 | $323 | $318 | $316 |
| ▁▃▁▄▆█▆█ | Total Deposits ($M) | $274 | $284 | $278 | $290 | $304 | $315 | $300 | $311 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 9% |