Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.24 | 0.58% |
| Return on Equity (%) | ▲ | 14.40% | +2.48 | 11.92% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.37 | 2.73% |
| Efficiency Ratio (%) | ▲ | 69.63% | -7.08 | 76.71% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.16 | $0 |
| Cost of Funds (%) | ▲ | 0.99% | -0.17 | 1.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $193 | +6.69 | $187 |
| Gross Loans ($M) | ▲ | $81 | +5.73 | $75 |
| Loan Growth YoY (%) | ▲ | 45.70% | +0.99 | 44.71% |
| Total Deposits ($M) | ▲ | $176 | +8.87 | $167 |
| Shareholders Equity ($M) | ▲ | $11 | +1.45 | $9 |
| Tang. Book Value ($M) | ▲ | $11 | +1.47 | $9 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +1.52 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 45.70% | +0.99 | 44.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.02 | 0.20% |
| Allowance / Loans (%) | — | 0.96% | -0.05% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.41% | -0.08 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▅█ | Net Interest Margin (%) | 2.67% | 2.66% | 2.66% | 2.73% | 2.85% | 2.90% | 2.92% | 3.11% |
| ▁▁▁▂▅▆▅█ | Return on Assets (%) | 0.51% | 0.52% | 0.54% | 0.58% | 0.68% | 0.73% | 0.70% | 0.83% |
| ██▇▇▃▁▂▁ | Efficiency Ratio (%) | 78.8% | 77.9% | 77.2% | 76.7% | 72.6% | 70.6% | 71.6% | 69.6% |
| ▇▇█▅▄▅▄▁ | Cost of Funds (%) | 1.20% | 1.20% | 1.26% | 1.15% | 1.12% | 1.14% | 1.09% | 0.99% |
| ▁▆▄█▃▂▇▇ | NPA / Assets (%) | 0.09% | 0.16% | 0.13% | 0.20% | 0.13% | 0.11% | 0.18% | 0.17% |
| ▁▆▃█▄▂▇▆ | Net Charge-Off Ratio (%) | 0.23% | 0.41% | 0.32% | 0.49% | 0.33% | 0.27% | 0.43% | 0.41% |
| ▁▆▁▃▃▇██ | Tang. Book Value ($M) | $9 | $10 | $9 | $9 | $9 | $11 | $11 | $11 |
| ▁▄▅▄▄▆▇█ | Gross Loans ($M) | $70 | $75 | $76 | $75 | $75 | $78 | $79 | $81 |
| ▁▁▁▄██▅█ | Total Deposits ($M) | $161 | $160 | $161 | $167 | $175 | $175 | $169 | $176 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 2% |