Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.14 | 1.11% |
| Return on Equity (%) | ▲ | 12.97% | +0.35 | 12.62% |
| Net Interest Margin (%) | ▼ | 3.74% | -0.10 | 3.84% |
| Efficiency Ratio (%) | ▲ | 55.58% | -6.06 | 61.64% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.29 | $1 |
| Cost of Funds (%) | ▼ | 1.48% | +0.04 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $362 | +41.96 | $320 |
| Gross Loans ($M) | ▲ | $241 | +19.54 | $222 |
| Loan Growth YoY (%) | ▲ | 76.14% | +0.48 | 75.66% |
| Total Deposits ($M) | ▲ | $314 | +23.59 | $290 |
| Shareholders Equity ($M) | ▲ | $34 | +6.04 | $28 |
| Tang. Book Value ($M) | ▲ | $33 | +6.09 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +6.58 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 76.14% | +0.48 | 75.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.03 | 0.04% |
| Allowance / Loans (%) | — | 1.07% | -0.01% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.05 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆█▅▆▃ | Net Interest Margin (%) | 3.65% | 3.69% | 3.75% | 3.84% | 3.92% | 3.81% | 3.85% | 3.74% |
| ▃██▁▄▄█▇ | Return on Assets (%) | 1.16% | 1.28% | 1.26% | 1.11% | 1.18% | 1.20% | 1.27% | 1.25% |
| ▅▃▄█▅▄▂▁ | Efficiency Ratio (%) | 59.1% | 57.2% | 57.9% | 61.6% | 59.3% | 58.2% | 56.8% | 55.6% |
| ▇▅▁▁▂▆█▁ | Cost of Funds (%) | 1.82% | 1.69% | 1.49% | 1.45% | 1.54% | 1.76% | 1.91% | 1.48% |
| ▁▁███▇▃▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.05% | 0.04% | 0.04% | 0.04% | 0.01% | 0.01% |
| ▁▁████▃▃ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.07% | 0.06% | 0.06% | 0.06% | 0.02% | 0.02% |
| ▁▂▂▃▄▅▇█ | Tang. Book Value ($M) | $24 | $26 | $26 | $27 | $28 | $30 | $32 | $33 |
| ▁▂▄▅▆▇▇█ | Gross Loans ($M) | $194 | $202 | $215 | $222 | $227 | $232 | $231 | $241 |
| ▁▁▂▅▅▆▃█ | Total Deposits ($M) | $258 | $253 | $263 | $290 | $284 | $294 | $274 | $314 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 4% |