Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.62% | +0.36 | 1.26% |
| Return on Equity (%) | ▲ | 14.68% | +2.26 | 12.42% |
| Net Interest Margin (%) | ▲ | 4.48% | +0.56 | 3.92% |
| Efficiency Ratio (%) | ▲ | 58.24% | -6.54 | 64.78% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.49 | $1 |
| Cost of Funds (%) | ▲ | 1.48% | -0.17 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $363 | +11.87 | $351 |
| Gross Loans ($M) | ▲ | $285 | +23.86 | $261 |
| Loan Growth YoY (%) | ▲ | 97.35% | +4.47 | 92.88% |
| Total Deposits ($M) | ▲ | $290 | +11.66 | $279 |
| Shareholders Equity ($M) | ▲ | $40 | +4.26 | $36 |
| Tang. Book Value ($M) | ▲ | $40 | +4.62 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +4.51 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 97.35% | +4.47 | 92.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.02 | 0.03% |
| Allowance / Loans (%) | — | 0.88% | -0.06% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.03 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.66% | +0.09 | 14.57% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 3.41% | 3.41% | 3.50% | 3.92% | 4.00% | 4.06% | 4.16% | 4.48% |
| ▁▁▁▅▅▅▅█ | Return on Assets (%) | 0.74% | 0.72% | 0.79% | 1.26% | 1.18% | 1.20% | 1.17% | 1.62% |
| ██▇▄▃▃▃▁ | Efficiency Ratio (%) | 74.1% | 74.2% | 71.5% | 64.8% | 63.7% | 63.0% | 62.7% | 58.2% |
| ▇█▄▃▃▂▁▁ | Cost of Funds (%) | 1.92% | 2.02% | 1.69% | 1.64% | 1.66% | 1.56% | 1.51% | 1.48% |
| ▄▅▅▄▇▁█▇ | NPA / Assets (%) | 0.03% | 0.03% | 0.04% | 0.03% | 0.05% | 0.00% | 0.06% | 0.05% |
| ▄▅▅▄▇▁█▇ | Net Charge-Off Ratio (%) | 0.04% | 0.05% | 0.05% | 0.04% | 0.06% | 0.00% | 0.08% | 0.06% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $32 | $34 | $34 | $36 | $37 | $38 | $39 | $40 |
| ▁▁▂▁▃▅█▇ | Gross Loans ($M) | $258 | $259 | $263 | $261 | $267 | $278 | $290 | $285 |
| ▁▂▂▄▃▅▆█ | Total Deposits ($M) | $271 | $275 | $274 | $279 | $277 | $283 | $283 | $290 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 6% |
| Consumer | 6% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 13% |