Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.98% | -0.88 | 2.86% |
| Return on Equity (%) | ▼ | 28.70% | -14.17 | 42.87% |
| Net Interest Margin (%) | ▼ | 4.89% | -0.53 | 5.42% |
| Efficiency Ratio (%) | ▼ | 60.60% | +8.88 | 51.72% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.89 | $3 |
| Cost of Funds (%) | ▼ | 1.62% | +0.01 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $445 | -2.04 | $447 |
| Gross Loans ($M) | ▼ | $302 | -22.72 | $325 |
| Loan Growth YoY (%) | ▼ | 72.35% | -6.92 | 79.27% |
| Total Deposits ($M) | ▲ | $413 | +7.33 | $406 |
| Shareholders Equity ($M) | ▲ | $29 | +0.16 | $29 |
| Tang. Book Value ($M) | ▲ | $28 | +0.43 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +0.41 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 72.35% | -6.92 | 79.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.18 | 0.24% |
| Allowance / Loans (%) | — | 1.00% | 0.08% | 0.91% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.24 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.12% | +0.60 | 11.52% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▆▃▃▃▃▁ | Net Interest Margin (%) | 6.43% | 6.02% | 5.92% | 5.42% | 5.38% | 5.40% | 5.38% | 4.89% |
| █▇▇▆▅▆▄▁ | Return on Assets (%) | 3.25% | 2.94% | 3.07% | 2.86% | 2.73% | 2.80% | 2.55% | 1.98% |
| ▂▂▂▁▁▁▄█ | Efficiency Ratio (%) | 53.7% | 53.8% | 53.0% | 51.7% | 51.8% | 52.7% | 56.1% | 60.6% |
| ▃▃█▁▄▅▄▁ | Cost of Funds (%) | 1.82% | 1.77% | 2.22% | 1.61% | 1.85% | 1.93% | 1.89% | 1.62% |
| ▁▁██▆▃▇▃ | NPA / Assets (%) | 0.00% | 0.00% | 0.22% | 0.24% | 0.16% | 0.08% | 0.19% | 0.06% |
| ▁▁██▆▃▇▃ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.30% | 0.33% | 0.23% | 0.11% | 0.26% | 0.09% |
| ▁▄▂▁▄██▂ | Tang. Book Value ($M) | $27 | $28 | $27 | $27 | $28 | $30 | $31 | $28 |
| ▁▅▄███▇▅ | Gross Loans ($M) | $267 | $302 | $295 | $325 | $322 | $318 | $311 | $302 |
| ▁█▄▆█▆▆▇ | Total Deposits ($M) | $348 | $427 | $382 | $406 | $420 | $402 | $401 | $413 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 9% |