Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.09% | +0.51 | 1.58% |
| Return on Equity (%) | ▲ | 31.95% | +2.96 | 28.99% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.36 | 4.07% |
| Efficiency Ratio (%) | ▲ | 53.34% | -10.12 | 63.45% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.57 | $1 |
| Cost of Funds (%) | ▲ | 1.24% | -0.23 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $330 | +12.89 | $317 |
| Gross Loans ($M) | ▲ | $243 | +22.01 | $221 |
| Loan Growth YoY (%) | ▲ | 78.59% | +4.95 | 73.64% |
| Total Deposits ($M) | ▲ | $307 | +8.89 | $298 |
| Shareholders Equity ($M) | ▲ | $22 | +4.14 | $18 |
| Tang. Book Value ($M) | ▲ | $22 | +4.14 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +4.53 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 78.59% | +4.95 | 73.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.53% | +1.53 | 0.00% |
| Allowance / Loans (%) | — | 0.86% | 0.04% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 2.07% | +2.07 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.38% | -0.38 | 14.76% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▇██ | Net Interest Margin (%) | 3.95% | 3.97% | 4.01% | 4.07% | 4.22% | 4.34% | 4.43% | 4.44% |
| ▁▁▁▃▄▆▆█ | Return on Assets (%) | 1.45% | 1.47% | 1.41% | 1.58% | 1.71% | 1.87% | 1.88% | 2.09% |
| ███▆▄▃▄▁ | Efficiency Ratio (%) | 65.5% | 65.6% | 67.2% | 63.5% | 59.7% | 57.8% | 58.6% | 53.3% |
| ▆█▇▄▃▃▂▁ | Cost of Funds (%) | 1.56% | 1.71% | 1.63% | 1.47% | 1.41% | 1.39% | 1.30% | 1.24% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.01% | 0.01% | 0.00% | 0.02% | 0.02% | 0.03% | 1.53% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.01% | 0.01% | 0.00% | 0.02% | 0.03% | 0.04% | 2.07% |
| ▁▅▁▃▄█▇█ | Tang. Book Value ($M) | $16 | $19 | $16 | $18 | $18 | $21 | $21 | $22 |
| ▂▁▁▁▄▄██ | Gross Loans ($M) | $224 | $222 | $222 | $221 | $231 | $231 | $243 | $243 |
| ▁▃▅▆▆▇██ | Total Deposits ($M) | $280 | $290 | $295 | $298 | $299 | $301 | $306 | $307 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 20% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 16% |