Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.17 | 1.45% |
| Return on Equity (%) | ▲ | 12.89% | +1.60 | 11.29% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.09 | 4.14% |
| Efficiency Ratio (%) | ▲ | 45.94% | -0.89 | 46.83% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.51 | $2 |
| Cost of Funds (%) | ▼ | 2.14% | +0.11 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $428 | +64.71 | $363 |
| Gross Loans ($M) | ▲ | $387 | +64.02 | $323 |
| Loan Growth YoY (%) | ▲ | 112.01% | +1.40 | 110.61% |
| Total Deposits ($M) | ▲ | $340 | +53.13 | $287 |
| Shareholders Equity ($M) | ▲ | $54 | +6.59 | $47 |
| Tang. Book Value ($M) | ▲ | $54 | +6.59 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 112.01% | +1.40 | 110.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.21 | 0.21% |
| Allowance / Loans (%) | — | 1.55% | -0.15% | 1.71% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.24 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.97% | -1.50 | 14.47% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃██▁▃▅▆▄ | Net Interest Margin (%) | 4.22% | 4.37% | 4.36% | 4.14% | 4.22% | 4.26% | 4.29% | 4.23% |
| ▄██▁▄▆▅▆ | Return on Assets (%) | 1.58% | 1.72% | 1.71% | 1.45% | 1.57% | 1.62% | 1.61% | 1.63% |
| ▄▁▂█▇▆▇▇ | Efficiency Ratio (%) | 44.1% | 42.3% | 42.9% | 46.8% | 46.1% | 45.6% | 46.2% | 45.9% |
| ▁▆█▂▁▅▇▆ | Cost of Funds (%) | 2.00% | 2.15% | 2.22% | 2.03% | 2.00% | 2.12% | 2.17% | 2.14% |
| █▁▁▂▂▂▁▁ | NPA / Assets (%) | 1.31% | 0.00% | 0.00% | 0.21% | 0.19% | 0.19% | 0.16% | 0.00% |
| █▁▁▂▂▂▁▁ | Net Charge-Off Ratio (%) | 1.51% | 0.00% | 0.00% | 0.24% | 0.21% | 0.21% | 0.18% | 0.00% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $43 | $44 | $46 | $47 | $49 | $50 | $52 | $54 |
| ▁▁▁▂▅▅▇█ | Gross Loans ($M) | $310 | $312 | $314 | $323 | $351 | $355 | $373 | $387 |
| ▁▂▂▃▅▆▇█ | Total Deposits ($M) | $265 | $276 | $278 | $287 | $304 | $318 | $323 | $340 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 9% |