Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.60 | 0.29% |
| Return on Equity (%) | ▲ | 9.64% | +6.24 | 3.40% |
| Net Interest Margin (%) | ▲ | 4.84% | +0.72 | 4.12% |
| Efficiency Ratio (%) | ▲ | 71.94% | -15.30 | 87.24% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.29 | $0 |
| Cost of Funds (%) | ▲ | 2.23% | -0.33 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $141 | +5.75 | $135 |
| Gross Loans ($M) | ▲ | $110 | +9.97 | $100 |
| Loan Growth YoY (%) | ▲ | 91.63% | +3.69 | 87.94% |
| Total Deposits ($M) | ▲ | $119 | +6.32 | $113 |
| Shareholders Equity ($M) | ▲ | $13 | +1.41 | $12 |
| Tang. Book Value ($M) | ▲ | $13 | +1.41 | $12 |
| Loan / Deposit Ratio (%) | ▲ | 91.63% | +3.69 | 87.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.54% | +1.37 | 0.17% |
| Allowance / Loans (%) | — | 0.55% | -0.05% | 0.60% |
| Net Charge-Off Ratio (%) | ▼ | 1.98% | +1.75 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.60% | -0.77 | 14.37% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▅▆▇█ | Net Interest Margin (%) | 3.83% | 3.97% | 4.05% | 4.12% | 4.45% | 4.49% | 4.61% | 4.84% |
| ▁▁▂▁▄▅▆█ | Return on Assets (%) | 0.28% | 0.33% | 0.38% | 0.29% | 0.53% | 0.60% | 0.70% | 0.90% |
| ██▇▇▅▄▃▁ | Efficiency Ratio (%) | 89.6% | 88.1% | 86.6% | 87.2% | 81.6% | 79.7% | 77.1% | 71.9% |
| ▇██▅▄▃▃▁ | Cost of Funds (%) | 2.68% | 2.75% | 2.71% | 2.55% | 2.44% | 2.38% | 2.39% | 2.23% |
| ▂▁▁▁▇▆█▇ | NPA / Assets (%) | 0.36% | 0.00% | 0.01% | 0.17% | 1.57% | 1.36% | 2.01% | 1.54% |
| ▂▁▁▁▇▆█▇ | Net Charge-Off Ratio (%) | 0.47% | 0.00% | 0.02% | 0.23% | 2.18% | 1.78% | 2.60% | 1.98% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $11 | $11 | $11 | $12 | $12 | $12 | $13 | $13 |
| ▁▂▂▃▂▇▇█ | Gross Loans ($M) | $96 | $99 | $99 | $100 | $98 | $106 | $108 | $110 |
| ▁▁▁▅▅▅▅█ | Total Deposits ($M) | $105 | $106 | $106 | $113 | $114 | $114 | $113 | $119 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 11% |