Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.22% | -0.49 | 2.72% |
| Return on Equity (%) | ▼ | 14.78% | -1.66 | 16.44% |
| Net Interest Margin (%) | ▲ | 5.02% | +0.41 | 4.61% |
| Efficiency Ratio (%) | ▲ | 41.10% | -2.87 | 43.98% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $1 |
| Cost of Funds (%) | ▲ | 1.86% | -0.02 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $120 | +18.53 | $101 |
| Gross Loans ($M) | ▲ | $84 | +14.79 | $69 |
| Loan Growth YoY (%) | ▲ | 81.38% | +0.36 | 81.03% |
| Total Deposits ($M) | ▲ | $101 | +17.22 | $84 |
| Shareholders Equity ($M) | ▲ | $18 | +1.19 | $17 |
| Tang. Book Value ($M) | ▲ | $18 | +1.19 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +1.32 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 81.38% | +0.36 | 81.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.59% | +0.13 | 1.46% |
| Allowance / Loans (%) | — | 2.00% | 0.26% | 1.74% |
| Net Charge-Off Ratio (%) | ▼ | 2.19% | +0.06 | 2.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅███ | Net Interest Margin (%) | 4.46% | 4.49% | 4.51% | 4.61% | 4.78% | 4.97% | 4.96% | 5.02% |
| ▄▃▁█▇▇▃▂ | Return on Assets (%) | 2.33% | 2.29% | 2.07% | 2.72% | 2.56% | 2.60% | 2.31% | 2.22% |
| ▅▆█▃▃▄▆▁ | Efficiency Ratio (%) | 47.0% | 47.4% | 51.0% | 44.0% | 44.8% | 45.5% | 47.4% | 41.1% |
| ███▅▄▁█▄ | Cost of Funds (%) | 1.96% | 1.98% | 1.97% | 1.88% | 1.85% | 1.76% | 1.96% | 1.86% |
| ▁▆▆▅███▆ | NPA / Assets (%) | 0.86% | 1.53% | 1.53% | 1.46% | 1.78% | 1.87% | 1.74% | 1.59% |
| ▁▇▆▆███▆ | Net Charge-Off Ratio (%) | 1.37% | 2.33% | 2.18% | 2.13% | 2.55% | 2.55% | 2.49% | 2.19% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $16 | $17 | $16 | $17 | $17 | $18 | $18 | $18 |
| ▁▁▃▃▄▇██ | Gross Loans ($M) | $62 | $64 | $69 | $69 | $72 | $79 | $82 | $84 |
| ▁▁▁▂▂▄▇█ | Total Deposits ($M) | $82 | $81 | $82 | $84 | $85 | $90 | $98 | $101 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 26% |
| Consumer | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 37% |