Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.89% | +0.24 | 1.65% |
| Return on Equity (%) | ▲ | 19.08% | +2.10 | 16.98% |
| Net Interest Margin (%) | ▲ | 5.50% | +0.38 | 5.12% |
| Efficiency Ratio (%) | ▲ | 64.03% | -3.68 | 67.72% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.37 | $2 |
| Cost of Funds (%) | ▲ | 0.70% | -0.02 | 0.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $414 | +18.06 | $396 |
| Gross Loans ($M) | ▲ | $341 | +22.53 | $319 |
| Loan Growth YoY (%) | ▲ | 94.76% | +1.88 | 92.89% |
| Total Deposits ($M) | ▲ | $356 | +17.09 | $339 |
| Shareholders Equity ($M) | ▲ | $40 | +0.88 | $39 |
| Tang. Book Value ($M) | ▲ | $40 | +0.88 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +0.57 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 94.76% | +1.88 | 92.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.15% | -0.09% | 1.24% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.85% | -0.74 | 12.58% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▃▄▅█ | Net Interest Margin (%) | 4.84% | 4.96% | 5.04% | 5.12% | 5.06% | 5.16% | 5.23% | 5.50% |
| ▁▄▆▃▄▆██ | Return on Assets (%) | 1.52% | 1.69% | 1.77% | 1.65% | 1.66% | 1.76% | 1.86% | 1.89% |
| ▇▂▁██▅▂▁ | Efficiency Ratio (%) | 66.9% | 64.9% | 64.3% | 67.7% | 67.3% | 66.0% | 64.5% | 64.0% |
| ▇▂▁▂█▂▂▂ | Cost of Funds (%) | 0.94% | 0.70% | 0.65% | 0.71% | 1.01% | 0.74% | 0.72% | 0.70% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▁▆▆███ | Tang. Book Value ($M) | $37 | $38 | $37 | $39 | $40 | $40 | $41 | $40 |
| ▁▁▁▂▄▄▅█ | Gross Loans ($M) | $316 | $314 | $314 | $319 | $326 | $326 | $329 | $341 |
| ▃▄▁▂▄█▄▅ | Total Deposits ($M) | $344 | $352 | $333 | $339 | $348 | $372 | $353 | $356 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 3% |