Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.01% | -0.12 | 1.13% |
| Return on Equity (%) | ▼ | 13.12% | -2.49 | 15.61% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.25 | 3.83% |
| Efficiency Ratio (%) | ▼ | 64.48% | +2.82 | 61.65% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.05 | $1 |
| Cost of Funds (%) | ▲ | 2.02% | -0.20 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $195 | +9.36 | $186 |
| Gross Loans ($M) | ▲ | $163 | +13.61 | $150 |
| Loan Growth YoY (%) | ▲ | 95.80% | +5.49 | 90.31% |
| Total Deposits ($M) | ▲ | $169 | +4.59 | $164 |
| Shareholders Equity ($M) | ▲ | $15 | +1.63 | $13 |
| Tang. Book Value ($M) | ▲ | $15 | +1.63 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +1.62 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 95.80% | +5.49 | 90.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.57% | +0.57 | 0.00% |
| Allowance / Loans (%) | — | 0.82% | 0.04% | 0.78% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.68 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▅▆██ | Net Interest Margin (%) | 3.49% | 3.57% | 3.57% | 3.83% | 3.84% | 3.87% | 4.03% | 4.07% |
| ▁▃▁█▅▅█▄ | Return on Assets (%) | 0.90% | 0.96% | 0.93% | 1.13% | 1.03% | 1.05% | 1.15% | 1.01% |
| ▆▃▅▃▃▂▁█ | Efficiency Ratio (%) | 63.1% | 61.6% | 62.6% | 61.7% | 61.5% | 61.1% | 60.5% | 64.5% |
| ▇▆█▃▃▄▅▁ | Cost of Funds (%) | 2.50% | 2.40% | 2.58% | 2.22% | 2.22% | 2.27% | 2.34% | 2.02% |
| ▅▃▃▁▂▅██ | NPA / Assets (%) | 0.34% | 0.20% | 0.16% | 0.00% | 0.10% | 0.35% | 0.62% | 0.57% |
| ▅▃▃▁▂▅██ | Net Charge-Off Ratio (%) | 0.43% | 0.25% | 0.19% | 0.00% | 0.11% | 0.41% | 0.72% | 0.68% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $12 | $13 | $13 | $13 | $13 | $14 | $15 | $15 |
| ▁▂▃▅▇█▇█ | Gross Loans ($M) | $131 | $137 | $142 | $150 | $155 | $162 | $158 | $163 |
| ▁▂▁▆▇█▆█ | Total Deposits ($M) | $151 | $154 | $151 | $164 | $166 | $167 | $163 | $169 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 26% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 21% |