Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.92% | -0.06 | 0.98% |
| Return on Equity (%) | ▼ | 23.61% | -25.43 | 49.04% |
| Net Interest Margin (%) | ▼ | 2.57% | -0.26 | 2.83% |
| Efficiency Ratio (%) | ▲ | 56.10% | -1.42 | 57.51% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.06 | $1 |
| Cost of Funds (%) | ▼ | 1.93% | +0.31 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $452 | +40.62 | $411 |
| Gross Loans ($M) | ▲ | $175 | +10.46 | $164 |
| Loan Growth YoY (%) | ▲ | 44.91% | +2.20 | 42.72% |
| Total Deposits ($M) | ▲ | $387 | +4.41 | $382 |
| Shareholders Equity ($M) | ▲ | $17 | +7.28 | $10 |
| Tang. Book Value ($M) | ▲ | $17 | +7.28 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +8.40 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 44.91% | +2.20 | 42.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.12 | 0.34% |
| Allowance / Loans (%) | — | 0.61% | 0.02% | 0.60% |
| Net Charge-Off Ratio (%) | ▼ | 1.19% | +0.35 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆███▁ | Net Interest Margin (%) | 2.54% | 2.58% | 2.58% | 2.83% | 2.92% | 2.97% | 2.94% | 2.57% |
| ▂▂▁▇██▃▅ | Return on Assets (%) | 0.81% | 0.82% | 0.74% | 0.98% | 1.02% | 1.05% | 0.84% | 0.92% |
| ▅▅█▂▁▁▁▁ | Efficiency Ratio (%) | 60.1% | 59.9% | 63.4% | 57.5% | 56.0% | 55.6% | 56.4% | 56.1% |
| █▆▆▃▂▁▁█ | Cost of Funds (%) | 1.94% | 1.81% | 1.79% | 1.62% | 1.53% | 1.50% | 1.47% | 1.93% |
| ▁▆▃▄▅▅▃█ | NPA / Assets (%) | 0.26% | 0.40% | 0.33% | 0.34% | 0.36% | 0.37% | 0.33% | 0.46% |
| ▁▅▃▃▄▄▃█ | Net Charge-Off Ratio (%) | 0.67% | 0.96% | 0.82% | 0.84% | 0.90% | 0.91% | 0.85% | 1.19% |
| ▁▅▁▄▅███ | Tang. Book Value ($M) | $5 | $12 | $6 | $10 | $12 | $18 | $18 | $17 |
| ▁▂▂▃▄▅▇█ | Gross Loans ($M) | $158 | $161 | $162 | $164 | $165 | $166 | $172 | $175 |
| ▅▁▇█▆▁▇█ | Total Deposits ($M) | $368 | $340 | $376 | $382 | $370 | $340 | $378 | $387 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 6% |
| Consumer | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 7% |