Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.01 | 1.39% |
| Return on Equity (%) | ▼ | 12.76% | -0.17 | 12.93% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.20 | 3.80% |
| Efficiency Ratio (%) | ▲ | 56.49% | -0.45 | 56.94% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.19 | $2 |
| Cost of Funds (%) | ▲ | 1.49% | -0.10 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $384 | +14.69 | $369 |
| Gross Loans ($M) | ▲ | $261 | +20.84 | $240 |
| Loan Growth YoY (%) | ▲ | 78.32% | +5.28 | 73.04% |
| Total Deposits ($M) | ▲ | $327 | +4.26 | $322 |
| Shareholders Equity ($M) | ▲ | $43 | +3.19 | $40 |
| Tang. Book Value ($M) | ▲ | $43 | +3.19 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +3.79 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 78.32% | +5.28 | 73.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.09 | 0.00% |
| Allowance / Loans (%) | — | 2.02% | 0.03% | 1.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.14 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▁▁▃▅██ | Net Interest Margin (%) | 3.82% | 3.87% | 3.81% | 3.80% | 3.86% | 3.91% | 4.01% | 4.00% |
| ▆█▁▂▆██▄ | Return on Assets (%) | 1.44% | 1.45% | 1.37% | 1.39% | 1.43% | 1.45% | 1.46% | 1.41% |
| ▁▁██▃▁▁▇ | Efficiency Ratio (%) | 54.7% | 54.7% | 57.0% | 56.9% | 55.4% | 54.7% | 54.5% | 56.5% |
| ▆▆█▄▄▆▃▁ | Cost of Funds (%) | 1.67% | 1.68% | 1.76% | 1.59% | 1.60% | 1.66% | 1.57% | 1.49% |
| ▁▁▁▁█▁▁▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.44% | 0.00% | 0.00% | 0.09% |
| ▁▁▁▁█▁▁▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.00% | 0.14% |
| ▇█▁▃▅█▆▇ | Tang. Book Value ($M) | $43 | $44 | $38 | $40 | $42 | $43 | $42 | $43 |
| ▁▂▄▄▅▇██ | Gross Loans ($M) | $220 | $229 | $238 | $240 | $246 | $252 | $260 | $261 |
| ▁▃▄▆██▇▇ | Total Deposits ($M) | $284 | $303 | $308 | $322 | $335 | $338 | $327 | $327 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 5% |