Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.33% | -0.04 | 2.36% |
| Return on Equity (%) | ▼ | 21.74% | -1.43 | 23.17% |
| Net Interest Margin (%) | ▲ | 4.34% | +0.22 | 4.12% |
| Efficiency Ratio (%) | ▲ | 41.47% | -1.66 | 43.13% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.04 | $1 |
| Cost of Funds (%) | ▲ | 1.25% | -0.01 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $235 | +6.08 | $229 |
| Gross Loans ($M) | ▲ | $177 | +8.20 | $169 |
| Loan Growth YoY (%) | ▲ | 83.29% | +2.18 | 81.11% |
| Total Deposits ($M) | ▲ | $210 | +4.17 | $206 |
| Shareholders Equity ($M) | ▲ | $25 | +1.97 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +1.97 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +2.35 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 83.29% | +2.18 | 81.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.15 | 0.25% |
| Allowance / Loans (%) | — | 1.31% | 0.08% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.21 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.82% | -0.20 | 15.02% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▇▁▆▇██ | Net Interest Margin (%) | 4.32% | 4.33% | 4.30% | 4.12% | 4.27% | 4.29% | 4.35% | 4.34% |
| ▇▄▁█▅▅▃█ | Return on Assets (%) | 2.31% | 2.17% | 2.00% | 2.36% | 2.19% | 2.19% | 2.10% | 2.33% |
| ▄▆█▂▅▅▇▁ | Efficiency Ratio (%) | 44.6% | 46.8% | 49.0% | 43.1% | 45.8% | 45.6% | 47.4% | 41.5% |
| ▁▄▅▄██▇▃ | Cost of Funds (%) | 1.19% | 1.26% | 1.29% | 1.26% | 1.36% | 1.36% | 1.34% | 1.25% |
| ▁▅▆█▅▄▄▄ | NPA / Assets (%) | 0.00% | 0.14% | 0.18% | 0.25% | 0.13% | 0.10% | 0.10% | 0.10% |
| ▁▅▆█▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.18% | 0.23% | 0.34% | 0.17% | 0.14% | 0.13% | 0.13% |
| ▁▂▄▂▄▆█▇ | Tang. Book Value ($M) | $22 | $22 | $23 | $23 | $23 | $24 | $25 | $25 |
| ▁▃▄▄▅▅▇█ | Gross Loans ($M) | $163 | $168 | $170 | $169 | $171 | $170 | $175 | $177 |
| ▁▃▄▇▆█▇█ | Total Deposits ($M) | $184 | $192 | $196 | $206 | $201 | $208 | $206 | $210 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 6% |