Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.37 | 0.68% |
| Return on Equity (%) | ▲ | 9.76% | +2.91 | 6.85% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.48 | 3.52% |
| Efficiency Ratio (%) | ▲ | 56.26% | -6.12 | 62.38% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.32 | $1 |
| Cost of Funds (%) | ▲ | 1.98% | -0.42 | 2.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $280 | +12.10 | $268 |
| Gross Loans ($M) | ▼ | $212 | -6.46 | $218 |
| Loan Growth YoY (%) | ▼ | 90.97% | -10.92 | 101.89% |
| Total Deposits ($M) | ▲ | $230 | +18.35 | $212 |
| Shareholders Equity ($M) | ▲ | $30 | +3.40 | $27 |
| Tang. Book Value ($M) | ▲ | $29 | +3.40 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +3.52 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 90.97% | -10.92 | 101.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.78 | 0.94% |
| Allowance / Loans (%) | — | 0.99% | 0.03% | 0.96% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -1.15 | 1.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.61% | +0.94 | 11.67% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.43% | 3.36% | 3.35% | 3.52% | 3.65% | 3.75% | 3.79% | 4.00% |
| ▅▃▁▅▇▇██ | Return on Assets (%) | 0.65% | 0.47% | 0.15% | 0.68% | 0.83% | 0.87% | 0.97% | 1.05% |
| █▇█▅▃▂▃▁ | Efficiency Ratio (%) | 65.3% | 63.9% | 66.2% | 62.4% | 59.8% | 58.5% | 59.7% | 56.3% |
| ▆█▇▅▅▄▃▁ | Cost of Funds (%) | 2.47% | 2.72% | 2.57% | 2.40% | 2.42% | 2.34% | 2.21% | 1.98% |
| ▁█▅▅▆▅▁▁ | NPA / Assets (%) | 0.01% | 1.51% | 0.88% | 0.94% | 1.06% | 0.93% | 0.17% | 0.15% |
| ▁█▅▆▆▅▁▁ | Net Charge-Off Ratio (%) | 0.02% | 1.84% | 1.10% | 1.15% | 1.30% | 1.04% | 0.04% | 0.00% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $25 | $26 | $25 | $26 | $27 | $28 | $29 | $29 |
| ▁▃▁▄▆█▁▁ | Gross Loans ($M) | $211 | $215 | $210 | $218 | $222 | $229 | $211 | $212 |
| ▁▄▃▅▅▅▇█ | Total Deposits ($M) | $189 | $208 | $203 | $212 | $213 | $211 | $221 | $230 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 18% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 2% |