Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.93% | -0.05 | 0.98% |
| Return on Equity (%) | ▼ | 7.33% | -0.36 | 7.69% |
| Net Interest Margin (%) | ▼ | 3.38% | -0.04 | 3.42% |
| Efficiency Ratio (%) | ▼ | 64.32% | +2.36 | 61.96% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.02 | $2 |
| Cost of Funds (%) | ▲ | 1.81% | -0.03 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $762 | +68.87 | $693 |
| Gross Loans ($M) | ▲ | $585 | +49.38 | $536 |
| Loan Growth YoY (%) | ▼ | 87.69% | -0.45 | 88.14% |
| Total Deposits ($M) | ▲ | $661 | +58.83 | $602 |
| Shareholders Equity ($M) | ▲ | $96 | +9.35 | $86 |
| Tang. Book Value ($M) | ▲ | $86 | +9.38 | $77 |
| Loan / Deposit Ratio (%) | ▼ | 87.69% | -0.45 | 88.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.11 | 0.00% |
| Allowance / Loans (%) | — | 1.00% | 0.01% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.14 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▄▇██▃ | Net Interest Margin (%) | 3.29% | 3.37% | 3.43% | 3.42% | 3.52% | 3.58% | 3.58% | 3.38% |
| ▁▃▄▇▆██▆ | Return on Assets (%) | 0.74% | 0.83% | 0.86% | 0.98% | 0.95% | 1.00% | 1.02% | 0.93% |
| █▆▅▃▂▁▁▅ | Efficiency Ratio (%) | 68.0% | 65.4% | 65.0% | 62.0% | 61.7% | 60.6% | 59.9% | 64.3% |
| ██▄▁▃▄▄▁ | Cost of Funds (%) | 2.10% | 2.14% | 1.95% | 1.84% | 1.90% | 1.96% | 1.95% | 1.81% |
| ▁▁▁▁▁███ | NPA / Assets (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.11% | 0.10% | 0.11% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.13% | 0.13% | 0.14% |
| ▁▁▂▃▅▆██ | Tang. Book Value ($M) | $72 | $74 | $75 | $77 | $81 | $83 | $85 | $86 |
| ▁▁▂▃▆▇██ | Gross Loans ($M) | $511 | $517 | $525 | $536 | $561 | $567 | $582 | $585 |
| ▂▁▁▄▄▄▄█ | Total Deposits ($M) | $575 | $568 | $558 | $602 | $601 | $600 | $602 | $661 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 15% |