Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.40 | 1.03% |
| Return on Equity (%) | ▲ | 13.73% | +2.82 | 10.91% |
| Net Interest Margin (%) | ▲ | 4.86% | +0.62 | 4.23% |
| Efficiency Ratio (%) | ▲ | 66.77% | -9.37 | 76.15% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.74 | $1 |
| Cost of Funds (%) | ▲ | 1.26% | -0.27 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $478 | +14.60 | $463 |
| Gross Loans ($M) | ▲ | $367 | +27.48 | $339 |
| Loan Growth YoY (%) | ▲ | 89.96% | +3.08 | 86.87% |
| Total Deposits ($M) | ▲ | $402 | +17.28 | $385 |
| Shareholders Equity ($M) | ▲ | $50 | +5.26 | $44 |
| Tang. Book Value ($M) | ▲ | $45 | +5.38 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +4.76 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 89.96% | +3.08 | 86.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.46% | -0.10 | 0.56% |
| Allowance / Loans (%) | — | 1.33% | -0.09% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -0.05 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆██ | Net Interest Margin (%) | 3.85% | 3.86% | 4.00% | 4.23% | 4.39% | 4.59% | 4.73% | 4.86% |
| ▁▂▃▅▅███ | Return on Assets (%) | 0.42% | 0.56% | 0.68% | 1.03% | 1.00% | 1.43% | 1.46% | 1.43% |
| █▇▆▄▂▁▁▁ | Efficiency Ratio (%) | 89.2% | 84.3% | 82.4% | 76.1% | 71.4% | 67.8% | 66.4% | 66.8% |
| ▅██▇▅▃▂▁ | Cost of Funds (%) | 1.47% | 1.62% | 1.60% | 1.54% | 1.45% | 1.39% | 1.35% | 1.26% |
| ▁▆█▇▆▅▆▆ | NPA / Assets (%) | 0.08% | 0.47% | 0.68% | 0.56% | 0.52% | 0.44% | 0.51% | 0.46% |
| ▁▆█▇▆▅▇▆ | Net Charge-Off Ratio (%) | 0.12% | 0.60% | 0.82% | 0.65% | 0.59% | 0.53% | 0.67% | 0.60% |
| ▁▃▃▄▅███ | Tang. Book Value ($M) | $36 | $39 | $39 | $40 | $42 | $44 | $45 | $45 |
| ▁▂▄▃▅▆▇█ | Gross Loans ($M) | $323 | $329 | $340 | $339 | $346 | $352 | $357 | $367 |
| ▁▄▅▄▄▅▆█ | Total Deposits ($M) | $370 | $385 | $387 | $385 | $385 | $390 | $391 | $402 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 6% |