Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.80% | +0.03 | 1.77% |
| Return on Equity (%) | ▼ | 18.48% | -1.45 | 19.93% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.19 | 4.05% |
| Efficiency Ratio (%) | ▼ | 57.60% | +1.35 | 56.25% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.06 | $1 |
| Cost of Funds (%) | ▼ | 1.06% | +0.06 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $258 | +2.68 | $255 |
| Gross Loans ($M) | ▲ | $191 | +17.96 | $173 |
| Loan Growth YoY (%) | ▲ | 84.99% | +5.25 | 79.75% |
| Total Deposits ($M) | ▲ | $223 | +7.65 | $215 |
| Shareholders Equity ($M) | ▲ | $26 | +2.59 | $23 |
| Tang. Book Value ($M) | ▲ | $26 | +2.59 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +2.36 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 84.99% | +5.25 | 79.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.13 | 0.04% |
| Allowance / Loans (%) | — | 0.93% | -0.00% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.17 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇▆█ | Net Interest Margin (%) | 3.87% | 3.88% | 3.91% | 4.05% | 4.13% | 4.15% | 4.14% | 4.24% |
| ▁▁▁█▇▇▄█ | Return on Assets (%) | 1.25% | 1.28% | 1.25% | 1.77% | 1.70% | 1.67% | 1.48% | 1.80% |
| ▆▇█▁▃▃▇▂ | Efficiency Ratio (%) | 63.0% | 63.3% | 65.7% | 56.3% | 58.8% | 59.7% | 63.8% | 57.6% |
| ▁█▆▁▂▇▆▂ | Cost of Funds (%) | 1.01% | 1.26% | 1.17% | 1.00% | 1.06% | 1.20% | 1.18% | 1.06% |
| ▅▃▁▁▁▂██ | NPA / Assets (%) | 0.12% | 0.07% | 0.03% | 0.04% | 0.04% | 0.05% | 0.18% | 0.17% |
| ▄▂▁▂▁▃██ | Net Charge-Off Ratio (%) | 0.13% | 0.05% | 0.00% | 0.06% | 0.01% | 0.07% | 0.26% | 0.23% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $21 | $23 | $22 | $23 | $24 | $26 | $26 | $26 |
| ▁▂▁▃▄▆▇█ | Gross Loans ($M) | $166 | $170 | $168 | $173 | $178 | $182 | $187 | $191 |
| ▁▂▆▄▂▁█▇ | Total Deposits ($M) | $203 | $208 | $222 | $215 | $208 | $206 | $228 | $223 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 7% |