Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.09% | +0.52 | 1.57% |
| Return on Equity (%) | ▲ | 18.50% | +3.70 | 14.80% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.25 | 3.57% |
| Efficiency Ratio (%) | ▲ | 45.59% | -5.66 | 51.24% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.58 | $2 |
| Cost of Funds (%) | ▲ | 1.61% | -0.12 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $474 | +18.42 | $456 |
| Gross Loans ($M) | ▲ | $314 | +25.08 | $289 |
| Loan Growth YoY (%) | ▲ | 74.28% | +3.73 | 70.56% |
| Total Deposits ($M) | ▲ | $418 | +12.91 | $405 |
| Shareholders Equity ($M) | ▲ | $56 | +5.70 | $50 |
| Tang. Book Value ($M) | ▲ | $56 | +5.70 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +5.58 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 74.28% | +3.73 | 70.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.02 | 0.06% |
| Allowance / Loans (%) | — | 1.23% | 0.03% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.03 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇██ | Net Interest Margin (%) | 3.37% | 3.42% | 3.41% | 3.57% | 3.65% | 3.74% | 3.76% | 3.81% |
| ▁▂▂▂▄▅▃█ | Return on Assets (%) | 1.42% | 1.54% | 1.51% | 1.57% | 1.68% | 1.80% | 1.64% | 2.09% |
| █▅▅▄▃▃▆▁ | Efficiency Ratio (%) | 58.1% | 52.6% | 53.2% | 51.2% | 49.9% | 48.8% | 53.4% | 45.6% |
| ▇▇▅█▇█▁▃ | Cost of Funds (%) | 1.69% | 1.71% | 1.66% | 1.73% | 1.69% | 1.73% | 1.55% | 1.61% |
| ▁▁▁▅▂▆▆█ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.06% | 0.04% | 0.07% | 0.07% | 0.09% |
| ▁▁▁▆▂▆▆█ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.04% | 0.10% | 0.06% | 0.10% | 0.10% | 0.13% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $45 | $49 | $48 | $50 | $51 | $54 | $55 | $56 |
| ▁▁▂▄▅▆██ | Gross Loans ($M) | $266 | $271 | $278 | $289 | $299 | $305 | $320 | $314 |
| ▁▁▆▄▆▅█▅ | Total Deposits ($M) | $372 | $374 | $420 | $405 | $418 | $414 | $446 | $418 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 4% |