Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.06 | 1.26% |
| Return on Equity (%) | ▲ | 12.81% | +0.80 | 12.01% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.15 | 3.74% |
| Efficiency Ratio (%) | ▲ | 56.54% | -2.78 | 59.32% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.27 | $1 |
| Cost of Funds (%) | ▲ | 1.56% | -0.27 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $364 | +28.40 | $336 |
| Gross Loans ($M) | ▲ | $219 | +18.90 | $200 |
| Loan Growth YoY (%) | ▲ | 66.65% | +0.42 | 66.23% |
| Total Deposits ($M) | ▲ | $324 | +26.20 | $297 |
| Shareholders Equity ($M) | ▲ | $38 | +2.55 | $35 |
| Tang. Book Value ($M) | ▲ | $38 | +2.55 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 66.65% | +0.42 | 66.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.12 | 0.29% |
| Allowance / Loans (%) | — | 1.44% | -0.04% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.02 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▆▁▃▃▄▃ | Net Interest Margin (%) | 4.30% | 4.10% | 4.12% | 3.74% | 3.91% | 3.95% | 4.01% | 3.89% |
| █▇▇▁▃▃▃▂ | Return on Assets (%) | 1.70% | 1.60% | 1.62% | 1.26% | 1.40% | 1.38% | 1.41% | 1.31% |
| ▁▁▁█▆▇▆▅ | Efficiency Ratio (%) | 52.0% | 52.8% | 52.6% | 59.3% | 56.9% | 57.5% | 56.7% | 56.5% |
| ▁▂█▆▅▅▂▁ | Cost of Funds (%) | 1.60% | 1.61% | 1.94% | 1.83% | 1.78% | 1.78% | 1.66% | 1.56% |
| ▇▅█▆▁▁▁▁ | NPA / Assets (%) | 0.33% | 0.27% | 0.37% | 0.29% | 0.16% | 0.16% | 0.16% | 0.17% |
| ▂▁█▁▁▁▂▃ | Net Charge-Off Ratio (%) | 0.09% | 0.07% | 0.21% | 0.08% | 0.08% | 0.07% | 0.09% | 0.10% |
| ▂▁▃▄▇▄▇█ | Tang. Book Value ($M) | $34 | $33 | $34 | $35 | $37 | $35 | $37 | $38 |
| ▁▃▂▄▆▇██ | Gross Loans ($M) | $185 | $196 | $193 | $200 | $209 | $214 | $215 | $219 |
| ▁▇▄▄▅▆██ | Total Deposits ($M) | $269 | $318 | $296 | $297 | $303 | $310 | $327 | $324 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 5% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 10% |