Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.50% | +0.58 | -0.08% |
| Return on Equity (%) | ▲ | 5.67% | +6.65 | -0.98% |
| Net Interest Margin (%) | ▲ | 2.68% | +0.48 | 2.20% |
| Efficiency Ratio (%) | ▲ | 78.67% | -27.64 | 106.31% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.91 | $-0 |
| Cost of Funds (%) | ▲ | 2.79% | -0.40 | 3.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $495 | +15.96 | $479 |
| Gross Loans ($M) | ▲ | $424 | +13.48 | $410 |
| Loan Growth YoY (%) | ▲ | 120.63% | +3.39 | 117.23% |
| Total Deposits ($M) | ▲ | $348 | +1.52 | $347 |
| Shareholders Equity ($M) | ▲ | $43 | +2.45 | $41 |
| Tang. Book Value ($M) | ▲ | $43 | +2.45 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +2.33 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 120.63% | +3.39 | 117.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.82% | +0.30 | 0.52% |
| Allowance / Loans (%) | — | 0.87% | -0.06% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.91% | +0.30 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▇█ | Net Interest Margin (%) | 1.64% | 1.73% | 1.82% | 2.20% | 2.27% | 2.37% | 2.44% | 2.68% |
| ▅▃▁▁▃▅▅█ | Return on Assets (%) | 0.26% | 0.13% | -0.05% | -0.08% | 0.12% | 0.21% | 0.26% | 0.50% |
| ▃▅▆█▅▄▃▁ | Efficiency Ratio (%) | 87.6% | 94.5% | 97.5% | 106.3% | 93.9% | 89.8% | 87.9% | 78.7% |
| ██▇▅▅▅▃▁ | Cost of Funds (%) | 3.46% | 3.49% | 3.34% | 3.19% | 3.15% | 3.15% | 2.99% | 2.79% |
| ▅▄▅▄▁▁▁█ | NPA / Assets (%) | 0.59% | 0.52% | 0.55% | 0.52% | 0.27% | 0.24% | 0.23% | 0.82% |
| ▆▅▆▅▂▁▁█ | Net Charge-Off Ratio (%) | 0.69% | 0.61% | 0.65% | 0.61% | 0.31% | 0.23% | 0.22% | 0.91% |
| ▃▃▁▁▂▄▆█ | Tang. Book Value ($M) | $41 | $41 | $41 | $41 | $41 | $42 | $42 | $43 |
| █▅▁▁█▅▃▇ | Gross Loans ($M) | $425 | $418 | $410 | $410 | $426 | $419 | $415 | $424 |
| █▄▁▁▁▃▁▁ | Total Deposits ($M) | $373 | $358 | $347 | $347 | $348 | $356 | $345 | $348 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 16% |