Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.31 | 1.00% |
| Return on Equity (%) | ▲ | 12.37% | +1.15 | 11.22% |
| Net Interest Margin (%) | ▲ | 4.70% | +0.84 | 3.86% |
| Efficiency Ratio (%) | ▲ | 61.48% | -7.44 | 68.93% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.11 | $1 |
| Cost of Funds (%) | ▼ | 1.27% | +0.61 | 0.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $420 | +211.64 | $209 |
| Gross Loans ($M) | ▲ | $299 | +168.79 | $130 |
| Loan Growth YoY (%) | ▲ | 79.59% | +11.11 | 68.48% |
| Total Deposits ($M) | ▲ | $372 | +184.54 | $187 |
| Shareholders Equity ($M) | ▲ | $45 | +26.36 | $19 |
| Tang. Book Value ($M) | ▲ | $42 | +23.67 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +25.42 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 79.59% | +11.11 | 68.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.42 | 0.70% |
| Allowance / Loans (%) | — | 0.95% | -0.40% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.69 | 1.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▃▃▆█ | Net Interest Margin (%) | 3.73% | 3.77% | 3.89% | 3.86% | 3.99% | 4.01% | 4.37% | 4.70% |
| ▁▁▁▁▁▁█▃ | Return on Assets (%) | 0.91% | 0.91% | 0.98% | 1.00% | 1.04% | 1.04% | 2.03% | 1.31% |
| ██▇▇▇▇▁▄ | Efficiency Ratio (%) | 72.3% | 71.9% | 69.9% | 68.9% | 68.5% | 68.6% | 53.1% | 61.5% |
| ▂▃▂▁▁▁██ | Cost of Funds (%) | 0.79% | 0.82% | 0.78% | 0.66% | 0.61% | 0.65% | 1.33% | 1.27% |
| ▅█▄▇▂▂▁▁ | NPA / Assets (%) | 0.59% | 0.81% | 0.46% | 0.70% | 0.37% | 0.33% | 0.25% | 0.28% |
| ▅▇▃█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.64% | 0.88% | 0.52% | 1.00% | 0.33% | 0.28% | 0.28% | 0.32% |
| ▁▁▁▁▁▂██ | Tang. Book Value ($M) | $17 | $19 | $18 | $19 | $19 | $20 | $41 | $42 |
| ▁▁▁▁▁▁██ | Gross Loans ($M) | $135 | $133 | $132 | $130 | $126 | $123 | $296 | $299 |
| ▁▁▁▁▁▁██ | Total Deposits ($M) | $188 | $184 | $182 | $187 | $184 | $185 | $375 | $372 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Consumer | 4% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 3% |