Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.09 | 0.91% |
| Return on Equity (%) | ▼ | 11.51% | -0.90 | 12.41% |
| Net Interest Margin (%) | ▼ | 2.75% | -0.23 | 2.98% |
| Efficiency Ratio (%) | ▲ | 59.75% | -0.95 | 60.70% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.56 | $2 |
| Cost of Funds (%) | ▲ | 2.35% | -0.10 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $925 | +193.20 | $731 |
| Gross Loans ($M) | ▲ | $363 | +34.94 | $328 |
| Loan Growth YoY (%) | ▼ | 49.85% | -2.07 | 51.93% |
| Total Deposits ($M) | ▲ | $721 | +95.45 | $625 |
| Shareholders Equity ($M) | ▲ | $76 | +23.46 | $52 |
| Tang. Book Value ($M) | ▲ | $76 | +23.46 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $100 | +31.32 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 49.85% | -2.07 | 51.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.93% | -0.01% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.35% | +1.75 | 15.60% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▆▇▆▆▁ | Net Interest Margin (%) | 3.10% | 3.09% | 3.06% | 2.98% | 3.03% | 2.99% | 2.98% | 2.75% |
| █▇▆▁▄▄▄▄ | Return on Assets (%) | 1.13% | 1.08% | 1.05% | 0.91% | 1.01% | 1.00% | 1.01% | 1.00% |
| ▁▃▆█▃▂▃▆ | Efficiency Ratio (%) | 58.0% | 58.8% | 59.8% | 60.7% | 58.9% | 58.6% | 59.0% | 59.7% |
| ▇▇█▃▂▄▃▁ | Cost of Funds (%) | 2.67% | 2.67% | 2.73% | 2.45% | 2.41% | 2.53% | 2.49% | 2.35% |
| ▇▆▆▁▁█▁▇ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▆▅▅▁▁█▁▇ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.01% | 0.00% | 0.01% |
| ▁▁▁▂▄▅█▇ | Tang. Book Value ($M) | $48 | $51 | $52 | $52 | $61 | $65 | $80 | $76 |
| ▁▂▁▂▄▅▆█ | Gross Loans ($M) | $316 | $322 | $320 | $328 | $335 | $342 | $350 | $363 |
| ▁▂▃▅▅███ | Total Deposits ($M) | $528 | $570 | $589 | $625 | $645 | $707 | $714 | $721 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 28% |