Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.77% | -0.05 | 1.82% |
| Return on Equity (%) | ▼ | 17.50% | -1.48 | 18.98% |
| Net Interest Margin (%) | ▼ | 4.09% | -0.38 | 4.47% |
| Efficiency Ratio (%) | ▲ | 44.00% | -5.93 | 49.93% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.29 | $2 |
| Cost of Funds (%) | ▲ | 1.48% | -0.31 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $414 | +69.00 | $345 |
| Gross Loans ($M) | ▲ | $287 | +16.53 | $271 |
| Loan Growth YoY (%) | ▼ | 78.39% | -12.39 | 90.78% |
| Total Deposits ($M) | ▲ | $366 | +68.05 | $298 |
| Shareholders Equity ($M) | ▲ | $40 | +6.53 | $33 |
| Tang. Book Value ($M) | ▲ | $40 | +6.53 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +6.29 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 78.39% | -12.39 | 90.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.00 | 0.07% |
| Allowance / Loans (%) | — | 0.25% | 0.00% | 0.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.02 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.22% | +1.25 | 14.97% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇███▁ | Net Interest Margin (%) | 4.07% | 4.14% | 4.22% | 4.47% | 4.53% | 4.50% | 4.49% | 4.09% |
| ▁▂▄▇███▆ | Return on Assets (%) | 1.34% | 1.43% | 1.61% | 1.82% | 1.89% | 1.96% | 1.91% | 1.77% |
| █▇▅▄▃▁▂▁ | Efficiency Ratio (%) | 57.5% | 55.8% | 52.2% | 49.9% | 47.5% | 45.0% | 46.1% | 44.0% |
| ▆███▆▆▆▁ | Cost of Funds (%) | 1.70% | 1.76% | 1.78% | 1.79% | 1.71% | 1.69% | 1.69% | 1.48% |
| ▄▆▄▂▂▁█▂ | NPA / Assets (%) | 0.11% | 0.15% | 0.10% | 0.07% | 0.08% | 0.05% | 0.18% | 0.07% |
| ▅▇▄▁▂▁█▂ | Net Charge-Off Ratio (%) | 0.15% | 0.19% | 0.13% | 0.08% | 0.10% | 0.06% | 0.23% | 0.10% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $29 | $32 | $32 | $33 | $35 | $37 | $39 | $40 |
| ▁▃▅▆▆▇██ | Gross Loans ($M) | $231 | $247 | $259 | $271 | $272 | $274 | $285 | $287 |
| ▁▁▂▃▃▃▄█ | Total Deposits ($M) | $273 | $270 | $290 | $298 | $298 | $301 | $315 | $366 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 13% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 13% |