Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.87% | +0.32 | 1.54% |
| Return on Equity (%) | ▲ | 19.34% | +2.40 | 16.94% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.41 | 3.23% |
| Efficiency Ratio (%) | ▲ | 49.86% | -3.59 | 53.45% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.61 | $2 |
| Cost of Funds (%) | ▲ | 2.04% | -0.31 | 2.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $533 | +60.43 | $473 |
| Gross Loans ($M) | ▲ | $406 | +38.74 | $368 |
| Loan Growth YoY (%) | ▼ | 83.86% | -1.36 | 85.22% |
| Total Deposits ($M) | ▲ | $480 | +52.66 | $428 |
| Shareholders Equity ($M) | ▲ | $51 | +7.29 | $44 |
| Tang. Book Value ($M) | ▲ | $51 | +7.29 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +7.37 | $45 |
| Loan / Deposit Ratio (%) | ▼ | 83.86% | -1.36 | 85.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.00 | 0.01% |
| Allowance / Loans (%) | — | 0.85% | 0.01% | 0.84% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.00 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -16.56 | 16.56% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.76% | 2.81% | 2.91% | 3.23% | 3.31% | 3.38% | 3.43% | 3.63% |
| ▁▁▁▅▅▆▆█ | Return on Assets (%) | 1.16% | 1.20% | 1.24% | 1.54% | 1.57% | 1.61% | 1.65% | 1.87% |
| █▇▇▄▄▃▂▁ | Efficiency Ratio (%) | 57.8% | 56.8% | 56.0% | 53.5% | 53.1% | 52.8% | 50.9% | 49.9% |
| ██▆▄▄▂▂▁ | Cost of Funds (%) | 2.75% | 2.67% | 2.53% | 2.35% | 2.31% | 2.17% | 2.21% | 2.04% |
| █▁▁▁▂▂▂▁ | NPA / Assets (%) | 0.48% | 0.01% | 0.01% | 0.01% | 0.12% | 0.11% | 0.09% | 0.01% |
| █▁▁▁▂▁▁▁ | Net Charge-Off Ratio (%) | 0.60% | 0.01% | 0.01% | 0.01% | 0.15% | 0.01% | 0.01% | 0.01% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $39 | $42 | $41 | $44 | $45 | $48 | $49 | $51 |
| ▁▁▁▁▃▆██ | Gross Loans ($M) | $362 | $362 | $366 | $368 | $378 | $390 | $401 | $406 |
| ▁▁▁▂▂▃▅█ | Total Deposits ($M) | $417 | $411 | $412 | $428 | $422 | $436 | $446 | $480 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 21% |