Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.45% | -0.36 | 2.80% |
| Return on Equity (%) | ▼ | 18.00% | -4.39 | 22.39% |
| Net Interest Margin (%) | ▲ | 6.71% | +1.09 | 5.62% |
| Efficiency Ratio (%) | ▼ | 58.93% | +8.82 | 50.11% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.38 | $3 |
| Cost of Funds (%) | ▼ | 0.85% | +0.09 | 0.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $539 | +157.64 | $382 |
| Gross Loans ($M) | ▲ | $383 | +109.81 | $273 |
| Loan Growth YoY (%) | ▲ | 83.01% | +1.55 | 81.46% |
| Total Deposits ($M) | ▲ | $453 | +126.09 | $327 |
| Shareholders Equity ($M) | ▲ | $80 | +30.63 | $49 |
| Tang. Book Value ($M) | ▲ | $76 | +26.86 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 83.01% | +1.55 | 81.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.03 | 0.04% |
| Allowance / Loans (%) | — | 1.71% | -0.66% | 2.36% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.04 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▄█ | Net Interest Margin (%) | 5.46% | 5.55% | 5.57% | 5.62% | 5.83% | 6.07% | 6.04% | 6.71% |
| ▃▃▄▅███▁ | Return on Assets (%) | 2.67% | 2.69% | 2.74% | 2.80% | 3.08% | 3.11% | 3.11% | 2.45% |
| ▃▃▂▂▁▁▁█ | Efficiency Ratio (%) | 50.5% | 50.2% | 49.4% | 50.1% | 47.3% | 48.5% | 48.0% | 58.9% |
| ▁█▃▁▁▃▄▄ | Cost of Funds (%) | 0.75% | 0.96% | 0.82% | 0.76% | 0.74% | 0.80% | 0.83% | 0.85% |
| ▅▃▁▅▂▄▅█ | NPA / Assets (%) | 0.04% | 0.02% | 0.01% | 0.04% | 0.02% | 0.03% | 0.05% | 0.07% |
| ▅▂▁▅▂▃▅█ | Net Charge-Off Ratio (%) | 0.06% | 0.03% | 0.01% | 0.06% | 0.02% | 0.04% | 0.06% | 0.10% |
| ▁▁▁▂▂▂▁█ | Tang. Book Value ($M) | $45 | $46 | $47 | $49 | $51 | $53 | $48 | $76 |
| ▂▁▁▁▂▂▂█ | Gross Loans ($M) | $283 | $277 | $266 | $273 | $288 | $286 | $286 | $383 |
| ▁▁▂▁▁▁▂█ | Total Deposits ($M) | $327 | $323 | $337 | $327 | $333 | $317 | $345 | $453 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 5% |