Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.95% | -0.02 | 1.96% |
| Return on Equity (%) | ▼ | 14.05% | -2.36 | 16.41% |
| Net Interest Margin (%) | ▲ | 5.56% | +0.20 | 5.36% |
| Efficiency Ratio (%) | ▼ | 52.31% | +3.92 | 48.39% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.03 | $1 |
| Cost of Funds (%) | ▲ | 1.75% | -0.37 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $205 | +6.83 | $199 |
| Gross Loans ($M) | ▲ | $167 | +12.72 | $154 |
| Loan Growth YoY (%) | ▲ | 94.52% | +5.81 | 88.72% |
| Total Deposits ($M) | ▲ | $174 | +2.41 | $171 |
| Shareholders Equity ($M) | ▲ | $29 | +3.97 | $25 |
| Tang. Book Value ($M) | ▲ | $29 | +3.97 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 94.52% | +5.81 | 88.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.57% | +0.49 | 0.08% |
| Allowance / Loans (%) | — | 1.59% | 0.18% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 0.53% | +0.52 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.49% | +1.25 | 19.24% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▆▇▇█ | Net Interest Margin (%) | 4.97% | 4.97% | 4.95% | 5.36% | 5.41% | 5.46% | 5.45% | 5.56% |
| ▂▂▁█▅█▆▇ | Return on Assets (%) | 1.77% | 1.77% | 1.74% | 1.96% | 1.88% | 1.99% | 1.91% | 1.95% |
| █▆▆▁▃▁▁█ | Efficiency Ratio (%) | 51.9% | 51.1% | 50.8% | 48.4% | 49.6% | 48.3% | 48.7% | 52.3% |
| ▇██▅▄▄▃▁ | Cost of Funds (%) | 2.26% | 2.39% | 2.43% | 2.13% | 2.08% | 2.03% | 1.94% | 1.75% |
| ▁▁▄▁▂▄█▄ | NPA / Assets (%) | 0.17% | 0.14% | 0.50% | 0.08% | 0.31% | 0.58% | 1.08% | 0.57% |
| ▁▁▄▁▃▅█▄ | Net Charge-Off Ratio (%) | 0.10% | 0.06% | 0.54% | 0.00% | 0.37% | 0.70% | 1.14% | 0.53% |
| ▁▂▂▅▅▇██ | Tang. Book Value ($M) | $21 | $22 | $22 | $25 | $26 | $27 | $28 | $29 |
| ▁▃▃▄▇███ | Gross Loans ($M) | $143 | $151 | $150 | $154 | $164 | $165 | $166 | $167 |
| ▁▄▇█▆███ | Total Deposits ($M) | $154 | $162 | $171 | $171 | $169 | $172 | $173 | $174 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 4% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 13% |