Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.31 | 0.73% |
| Return on Equity (%) | ▲ | 8.60% | +2.31 | 6.29% |
| Net Interest Margin (%) | ▲ | 2.94% | +0.27 | 2.67% |
| Efficiency Ratio (%) | ▲ | 54.00% | -7.09 | 61.09% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.61 | $2 |
| Cost of Funds (%) | ▲ | 1.62% | -0.38 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $710 | +59.20 | $651 |
| Gross Loans ($M) | ▲ | $452 | +28.90 | $423 |
| Loan Growth YoY (%) | ▼ | 71.72% | -1.61 | 73.32% |
| Total Deposits ($M) | ▲ | $623 | +52.88 | $570 |
| Shareholders Equity ($M) | ▲ | $83 | +6.22 | $76 |
| Tang. Book Value ($M) | ▲ | $83 | +6.22 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +5.99 | $84 |
| Loan / Deposit Ratio (%) | ▼ | 71.72% | -1.61 | 73.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.02 | 0.03% |
| Allowance / Loans (%) | — | 1.13% | -0.04% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.05 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▅▇█▆ | Net Interest Margin (%) | 2.69% | 2.64% | 2.68% | 2.67% | 2.86% | 2.97% | 3.05% | 2.94% |
| ▃▂▁▄▄▆▆█ | Return on Assets (%) | 0.65% | 0.61% | 0.51% | 0.73% | 0.76% | 0.90% | 0.88% | 1.04% |
| ▅▇█▃▃▂▄▁ | Efficiency Ratio (%) | 65.6% | 69.8% | 74.1% | 61.1% | 61.1% | 58.7% | 61.7% | 54.0% |
| ███▆▄▃▂▁ | Cost of Funds (%) | 2.12% | 2.12% | 2.19% | 1.99% | 1.84% | 1.78% | 1.75% | 1.62% |
| ██▃▁▁▁▂▁ | NPA / Assets (%) | 0.35% | 0.32% | 0.10% | 0.03% | 0.02% | 0.04% | 0.07% | 0.05% |
| ██▂▁▁▁▂▁ | Net Charge-Off Ratio (%) | 0.49% | 0.46% | 0.12% | 0.01% | 0.00% | 0.03% | 0.08% | 0.06% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $72 | $75 | $74 | $76 | $78 | $80 | $81 | $83 |
| ▁▂▂▂▆▆██ | Gross Loans ($M) | $415 | $424 | $423 | $423 | $440 | $441 | $454 | $452 |
| ▁▃▃▃▅▅▃█ | Total Deposits ($M) | $540 | $571 | $565 | $570 | $584 | $590 | $565 | $623 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 23% |