Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.45 | 0.71% |
| Return on Equity (%) | ▲ | 14.96% | +5.41 | 9.55% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.43 | 3.51% |
| Efficiency Ratio (%) | ▲ | 69.42% | -11.39 | 80.81% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.39 | $0 |
| Cost of Funds (%) | ▲ | 1.67% | -0.11 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $259 | +29.23 | $230 |
| Gross Loans ($M) | ▲ | $205 | +24.71 | $180 |
| Loan Growth YoY (%) | ▲ | 86.13% | +1.55 | 84.58% |
| Total Deposits ($M) | ▲ | $235 | +24.53 | $211 |
| Shareholders Equity ($M) | ▲ | $20 | +2.58 | $17 |
| Tang. Book Value ($M) | ▲ | $19 | +2.74 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +2.67 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 86.13% | +1.55 | 84.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.05 | 0.16% |
| Allowance / Loans (%) | — | 1.12% | 0.02% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.07 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.79 | 12.79% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.23% | 3.27% | 3.32% | 3.51% | 3.60% | 3.70% | 3.79% | 3.94% |
| ▁▁▁▄▃▅▅█ | Return on Assets (%) | 0.39% | 0.43% | 0.48% | 0.71% | 0.67% | 0.79% | 0.83% | 1.16% |
| ███▆▆▄▄▁ | Efficiency Ratio (%) | 86.4% | 85.9% | 84.9% | 80.8% | 80.6% | 77.9% | 76.8% | 69.4% |
| ▆█▇▅▃▄▅▁ | Cost of Funds (%) | 1.81% | 1.88% | 1.84% | 1.78% | 1.74% | 1.77% | 1.78% | 1.67% |
| █▃▁▃▂▂▂▁ | NPA / Assets (%) | 0.24% | 0.15% | 0.12% | 0.16% | 0.13% | 0.13% | 0.13% | 0.10% |
| █▃▁▃▂▂▂▁ | Net Charge-Off Ratio (%) | 0.32% | 0.20% | 0.15% | 0.20% | 0.16% | 0.17% | 0.17% | 0.13% |
| ▁▃▂▃▃▅██ | Tang. Book Value ($M) | $15 | $17 | $16 | $16 | $16 | $18 | $19 | $19 |
| ▁▁▁▃▅▆▇█ | Gross Loans ($M) | $171 | $172 | $175 | $180 | $189 | $196 | $200 | $205 |
| ▁▂▃▃▄▆▆█ | Total Deposits ($M) | $200 | $206 | $209 | $211 | $216 | $225 | $223 | $235 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 11% |