Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.99% | +0.96 | 1.03% |
| Return on Equity (%) | ▲ | 24.38% | +10.62 | 13.76% |
| Net Interest Margin (%) | ▲ | 4.69% | +0.61 | 4.08% |
| Efficiency Ratio (%) | ▲ | 52.44% | -10.48 | 62.92% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.49 | $1 |
| Cost of Funds (%) | ▲ | 1.43% | -0.26 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $240 | +16.32 | $224 |
| Gross Loans ($M) | ▲ | $179 | +11.23 | $167 |
| Loan Growth YoY (%) | ▲ | 80.07% | +0.03 | 80.04% |
| Total Deposits ($M) | ▲ | $220 | +13.65 | $207 |
| Shareholders Equity ($M) | ▲ | $19 | +2.48 | $17 |
| Tang. Book Value ($M) | ▲ | $19 | +2.48 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +2.80 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 80.07% | +0.03 | 80.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.07 | 0.32% |
| Allowance / Loans (%) | — | 1.29% | 0.05% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.51% | +0.09 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.28% | +0.92 | 11.37% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.70% | 3.80% | 3.84% | 4.08% | 4.24% | 4.35% | 4.44% | 4.69% |
| ▂▁▁▁▃▃▂█ | Return on Assets (%) | 1.08% | 1.03% | 0.90% | 1.03% | 1.22% | 1.30% | 1.15% | 1.99% |
| ▇▆█▇▅▄▃▁ | Efficiency Ratio (%) | 62.4% | 60.5% | 65.2% | 62.9% | 59.4% | 57.3% | 56.5% | 52.4% |
| ▆██▅▄▃▁▁ | Cost of Funds (%) | 1.75% | 1.84% | 1.86% | 1.69% | 1.62% | 1.59% | 1.45% | 1.43% |
| ▁▁▁▄█▆█▅ | NPA / Assets (%) | 0.05% | 0.02% | 0.02% | 0.32% | 0.66% | 0.44% | 0.69% | 0.38% |
| ▁▁▁▄█▆█▅ | Net Charge-Off Ratio (%) | 0.07% | 0.03% | 0.02% | 0.42% | 0.86% | 0.58% | 0.91% | 0.51% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $16 | $17 | $16 | $17 | $18 | $19 | $19 | $19 |
| ▁▂▄▅▆▆▇█ | Gross Loans ($M) | $155 | $159 | $164 | $167 | $171 | $170 | $175 | $179 |
| ▂▁▁▅▅▄▄█ | Total Deposits ($M) | $193 | $189 | $186 | $207 | $205 | $201 | $202 | $220 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 7% |