Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.21 | 0.70% |
| Return on Equity (%) | ▲ | 10.33% | +1.64 | 8.69% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.07 | 3.60% |
| Efficiency Ratio (%) | ▲ | 68.19% | -3.05 | 71.24% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▲ | 1.80% | -0.14 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $251 | +17.85 | $233 |
| Gross Loans ($M) | ▲ | $172 | +8.78 | $163 |
| Loan Growth YoY (%) | ▲ | 81.88% | +6.28 | 75.60% |
| Total Deposits ($M) | ▼ | $207 | -5.80 | $213 |
| Shareholders Equity ($M) | ▲ | $22 | +3.19 | $19 |
| Tang. Book Value ($M) | ▲ | $22 | +3.19 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +3.07 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 81.88% | +6.28 | 75.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.08 | 0.15% |
| Allowance / Loans (%) | — | 1.04% | 0.04% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.29 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇██▇ | Net Interest Margin (%) | 3.18% | 3.24% | 3.31% | 3.60% | 3.69% | 3.73% | 3.77% | 3.67% |
| ▁▂▃▁▆▇█▆ | Return on Assets (%) | 0.69% | 0.74% | 0.78% | 0.70% | 0.91% | 0.97% | 1.03% | 0.92% |
| ▅▆▆█▃▁▁▅ | Efficiency Ratio (%) | 67.8% | 69.2% | 68.3% | 71.2% | 65.8% | 63.9% | 63.2% | 68.2% |
| ██▆▂▁▄▄▁ | Cost of Funds (%) | 2.51% | 2.51% | 2.29% | 1.93% | 1.89% | 2.10% | 2.08% | 1.80% |
| ▂▁▄▃█▆▇▅ | NPA / Assets (%) | 0.09% | 0.03% | 0.17% | 0.15% | 0.40% | 0.27% | 0.32% | 0.23% |
| ▂▁▃▁█▅▆▅ | Net Charge-Off Ratio (%) | 0.12% | 0.04% | 0.24% | 0.04% | 0.59% | 0.35% | 0.44% | 0.34% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $17 | $19 | $18 | $19 | $19 | $21 | $22 | $22 |
| ▅▁▁▃▄██▇ | Gross Loans ($M) | $168 | $160 | $158 | $163 | $166 | $174 | $175 | $172 |
| ▇▅▄▅██▁▄ | Total Deposits ($M) | $220 | $212 | $205 | $213 | $227 | $224 | $191 | $207 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 15% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 14% |