Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.55% | +0.23 | 1.33% |
| Return on Equity (%) | ▲ | 17.79% | +1.84 | 15.95% |
| Net Interest Margin (%) | ▼ | 5.07% | -0.03 | 5.10% |
| Efficiency Ratio (%) | ▲ | 56.81% | -3.14 | 59.95% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.29 | $1 |
| Cost of Funds (%) | ▲ | 1.93% | -0.15 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $243 | +34.38 | $208 |
| Gross Loans ($M) | ▲ | $193 | +24.57 | $168 |
| Loan Growth YoY (%) | ▼ | 87.28% | -0.63 | 87.90% |
| Total Deposits ($M) | ▲ | $219 | +29.33 | $190 |
| Shareholders Equity ($M) | ▲ | $22 | +4.30 | $17 |
| Tang. Book Value ($M) | ▲ | $22 | +4.30 | $17 |
| Loan / Deposit Ratio (%) | ▼ | 87.28% | -0.63 | 87.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.10 | 0.43% |
| Allowance / Loans (%) | — | 0.97% | -0.04% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.62% | +0.10 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄█▇▇▃ | Net Interest Margin (%) | 5.00% | 5.02% | 5.01% | 5.10% | 5.25% | 5.20% | 5.20% | 5.07% |
| ▁▁▁▂▇▇██ | Return on Assets (%) | 1.29% | 1.29% | 1.27% | 1.33% | 1.50% | 1.52% | 1.54% | 1.55% |
| ▅▇█▅▃▃▃▁ | Efficiency Ratio (%) | 60.0% | 61.4% | 62.3% | 59.9% | 58.4% | 58.5% | 58.3% | 56.8% |
| ▁██▆▆▅▄▁ | Cost of Funds (%) | 1.92% | 2.14% | 2.15% | 2.08% | 2.07% | 2.05% | 2.02% | 1.93% |
| ██▆▃▁▂▇▇ | NPA / Assets (%) | 0.57% | 0.56% | 0.52% | 0.43% | 0.37% | 0.40% | 0.54% | 0.53% |
| █▇▆▃▁▂▇▆ | Net Charge-Off Ratio (%) | 0.71% | 0.67% | 0.64% | 0.52% | 0.44% | 0.49% | 0.67% | 0.62% |
| ▁▂▂▃▄▅▇█ | Tang. Book Value ($M) | $15 | $16 | $16 | $17 | $18 | $19 | $20 | $22 |
| ▁▁▂▄▆▆▇█ | Gross Loans ($M) | $146 | $151 | $157 | $168 | $177 | $180 | $187 | $193 |
| ▁▁▃▄▅▆██ | Total Deposits ($M) | $162 | $167 | $180 | $190 | $195 | $205 | $214 | $219 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 7% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 12% |