Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.06% | -0.19 | 1.25% |
| Return on Equity (%) | ▼ | 5.91% | -1.67 | 7.58% |
| Net Interest Margin (%) | ▼ | 4.85% | -0.41 | 5.26% |
| Efficiency Ratio (%) | ▼ | 68.73% | +7.43 | 61.30% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.41 | $1 |
| Cost of Funds (%) | ▼ | 0.75% | +0.06 | 0.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $270 | -16.94 | $287 |
| Gross Loans ($M) | ▼ | $198 | -3.30 | $201 |
| Loan Growth YoY (%) | ▲ | 90.57% | +6.24 | 84.34% |
| Total Deposits ($M) | ▼ | $211 | -18.68 | $230 |
| Shareholders Equity ($M) | ▲ | $49 | +1.35 | $48 |
| Tang. Book Value ($M) | ▲ | $49 | +1.35 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 90.57% | +6.24 | 84.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.13% | +1.13 | 0.00% |
| Allowance / Loans (%) | — | 3.04% | -0.31% | 3.35% |
| Net Charge-Off Ratio (%) | ▼ | 1.54% | +1.54 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.89% | +1.21 | 21.67% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▆▆▄▅▁ | Net Interest Margin (%) | 5.40% | 5.43% | 5.46% | 5.26% | 5.30% | 5.13% | 5.22% | 4.85% |
| ███▄▃▁▁▁ | Return on Assets (%) | 1.53% | 1.53% | 1.49% | 1.25% | 1.20% | 1.10% | 1.07% | 1.06% |
| ▁▁▁▄▅▇██ | Efficiency Ratio (%) | 54.8% | 55.1% | 56.4% | 61.3% | 62.8% | 66.2% | 68.2% | 68.7% |
| ▅▁▁▂▃▅█▄ | Cost of Funds (%) | 0.76% | 0.67% | 0.67% | 0.69% | 0.71% | 0.76% | 0.84% | 0.75% |
| ▁▁▁▁▁█▃▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.72% | 0.71% | 1.13% |
| ▁▁▁▁▁█▃▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.96% | 1.04% | 1.54% |
| ▁▃▄▅▆▆▇█ | Tang. Book Value ($M) | $46 | $47 | $47 | $48 | $48 | $49 | $49 | $49 |
| ▁▅█▆▄▃▁▄ | Gross Loans ($M) | $192 | $199 | $206 | $201 | $199 | $196 | $191 | $198 |
| ██▇▆▃▅▃▁ | Total Deposits ($M) | $241 | $241 | $237 | $230 | $222 | $227 | $220 | $211 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 14% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 45% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 12% |