Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.84% | +0.01 | 0.82% |
| Return on Equity (%) | ▼ | 9.55% | -0.24 | 9.79% |
| Net Interest Margin (%) | ▲ | 4.22% | +0.09 | 4.13% |
| Efficiency Ratio (%) | ▼ | 74.51% | +0.81 | 73.69% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.11 | $1 |
| Cost of Funds (%) | ▲ | 1.54% | -0.15 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $574 | +56.93 | $517 |
| Gross Loans ($M) | ▲ | $437 | +24.56 | $413 |
| Loan Growth YoY (%) | ▼ | 85.09% | -4.36 | 89.45% |
| Total Deposits ($M) | ▲ | $506 | +52.10 | $453 |
| Shareholders Equity ($M) | ▲ | $49 | +5.15 | $43 |
| Tang. Book Value ($M) | ▲ | $49 | +5.15 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +5.41 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 85.09% | -4.36 | 89.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.02 | 0.38% |
| Allowance / Loans (%) | — | 1.62% | -0.10% | 1.71% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.00 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.84% | +0.01 | 11.83% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆███▇ | Net Interest Margin (%) | 3.63% | 3.68% | 3.81% | 4.13% | 4.28% | 4.36% | 4.37% | 4.22% |
| ▁▂▂▅▆▇█▅ | Return on Assets (%) | 0.43% | 0.52% | 0.57% | 0.82% | 0.92% | 0.98% | 1.13% | 0.84% |
| █▇▇▂▁▁▁▃ | Efficiency Ratio (%) | 83.0% | 80.8% | 80.2% | 73.7% | 71.7% | 70.6% | 71.5% | 74.5% |
| █▇█▃▁▃▂▁ | Cost of Funds (%) | 2.04% | 1.97% | 2.02% | 1.69% | 1.55% | 1.73% | 1.64% | 1.54% |
| ▁▁▁█████ | NPA / Assets (%) | 0.00% | 0.00% | 0.04% | 0.38% | 0.36% | 0.36% | 0.34% | 0.36% |
| ▁▁▁█████ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.06% | 0.48% | 0.45% | 0.45% | 0.44% | 0.48% |
| ▁▃▃▃▄▇█▇ | Tang. Book Value ($M) | $41 | $44 | $43 | $43 | $45 | $48 | $50 | $49 |
| ▁▅▁▂█▆▆█ | Gross Loans ($M) | $405 | $422 | $408 | $413 | $435 | $426 | $426 | $437 |
| ▂▃▁▂▃▃▅█ | Total Deposits ($M) | $457 | $462 | $442 | $453 | $463 | $461 | $478 | $506 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 16% |