Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.50% | +0.09 | 1.41% |
| Return on Equity (%) | ▲ | 13.53% | +0.34 | 13.19% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.18 | 3.23% |
| Efficiency Ratio (%) | ▲ | 56.80% | -2.21 | 59.01% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.07 | $0 |
| Cost of Funds (%) | ▼ | 1.48% | +0.02 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $149 | +7.79 | $142 |
| Gross Loans ($M) | ▲ | $97 | +8.13 | $89 |
| Loan Growth YoY (%) | ▲ | 73.44% | +2.81 | 70.63% |
| Total Deposits ($M) | ▲ | $131 | +6.32 | $125 |
| Shareholders Equity ($M) | ▲ | $17 | +1.38 | $15 |
| Tang. Book Value ($M) | ▲ | $16 | +1.38 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 73.44% | +2.81 | 70.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.64% | -0.08% | 0.72% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.59% | +0.28 | 21.31% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▇▇█ | Net Interest Margin (%) | 2.95% | 3.06% | 3.12% | 3.23% | 3.27% | 3.31% | 3.34% | 3.41% |
| ▁▃▄▅▇███ | Return on Assets (%) | 1.27% | 1.34% | 1.37% | 1.41% | 1.45% | 1.49% | 1.49% | 1.50% |
| █▅▃█▃▁▁▃ | Efficiency Ratio (%) | 59.1% | 57.4% | 56.8% | 59.0% | 56.8% | 55.8% | 55.7% | 56.8% |
| ▂█▅▁▂█▂▂ | Cost of Funds (%) | 1.49% | 1.57% | 1.51% | 1.46% | 1.48% | 1.56% | 1.48% | 1.48% |
| █▁▁▁▁▄▁▁ | NPA / Assets (%) | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.00% | 0.00% |
| █▁▁▁▁▃▁▁ | Net Charge-Off Ratio (%) | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.00% | 0.00% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $14 | $14 | $15 | $15 | $15 | $16 | $16 | $16 |
| ▁▃▄▄▄▅▇█ | Gross Loans ($M) | $82 | $86 | $89 | $89 | $89 | $91 | $95 | $97 |
| ▁▂▄▄▆▇██ | Total Deposits ($M) | $121 | $123 | $126 | $125 | $128 | $129 | $131 | $131 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 2% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |