Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.70% | -0.10 | 0.80% |
| Return on Equity (%) | ▼ | 6.03% | -1.06 | 7.09% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.09 | 3.80% |
| Efficiency Ratio (%) | ▼ | 73.87% | +2.49 | 71.39% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.01 | $0 |
| Cost of Funds (%) | ▲ | 2.01% | -0.07 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $175 | +6.18 | $169 |
| Gross Loans ($M) | ▲ | $134 | +19.94 | $115 |
| Loan Growth YoY (%) | ▲ | 100.46% | +12.00 | 88.46% |
| Total Deposits ($M) | ▲ | $132 | +4.50 | $128 |
| Shareholders Equity ($M) | ▲ | $21 | +1.48 | $19 |
| Tang. Book Value ($M) | ▲ | $21 | +1.48 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 100.46% | +12.00 | 88.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.72% | +1.72 | 0.00% |
| Allowance / Loans (%) | — | 1.11% | -0.13% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 2.23% | +2.23 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.01% | -1.08 | 14.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▁▂▃▂ | Net Interest Margin (%) | 4.49% | 4.46% | 4.40% | 3.80% | 3.87% | 3.95% | 3.98% | 3.88% |
| ███▄▄▆▇▁ | Return on Assets (%) | 0.95% | 0.95% | 0.97% | 0.80% | 0.82% | 0.89% | 0.92% | 0.70% |
| ▃▂▁▅▅▂▁█ | Efficiency Ratio (%) | 69.1% | 68.4% | 67.5% | 71.4% | 70.8% | 68.7% | 67.4% | 73.9% |
| ▁▆▇▆█▃▃▅ | Cost of Funds (%) | 1.78% | 2.08% | 2.16% | 2.08% | 2.24% | 1.95% | 1.94% | 2.01% |
| ▁▁▁▁▁███ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.79% | 1.67% | 1.72% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.36% | 2.27% | 2.23% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $18 | $18 | $19 | $19 | $19 | $20 | $20 | $21 |
| ▂▂▂▁▅▆██ | Gross Loans ($M) | $119 | $118 | $118 | $115 | $126 | $128 | $132 | $134 |
| ▁▄▅▆▃▃██ | Total Deposits ($M) | $115 | $124 | $125 | $128 | $121 | $122 | $134 | $132 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 19% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 16% |