Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.08% | +0.41 | 1.67% |
| Return on Equity (%) | ▼ | 25.77% | -0.69 | 26.46% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.45 | 3.22% |
| Efficiency Ratio (%) | ▲ | 48.12% | -4.02 | 52.14% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.40 | $2 |
| Cost of Funds (%) | ▲ | 0.95% | -0.09 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $422 | +4.09 | $418 |
| Gross Loans ($M) | ▲ | $157 | +9.14 | $148 |
| Loan Growth YoY (%) | ▲ | 40.52% | +2.57 | 37.95% |
| Total Deposits ($M) | ▼ | $383 | -1.81 | $385 |
| Shareholders Equity ($M) | ▲ | $35 | +5.92 | $29 |
| Tang. Book Value ($M) | ▲ | $35 | +5.92 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +4.48 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 40.52% | +2.57 | 37.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.05% | -0.08% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.59% | +1.00 | 24.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▁▂▃█ | Net Interest Margin (%) | 3.26% | 3.26% | 3.24% | 3.22% | 3.21% | 3.29% | 3.35% | 3.67% |
| ▆▅▅▄▄▅▁█ | Return on Assets (%) | 1.82% | 1.77% | 1.70% | 1.67% | 1.67% | 1.77% | 1.30% | 2.08% |
| ▂▅███▅█▁ | Efficiency Ratio (%) | 48.9% | 50.3% | 52.0% | 52.1% | 52.1% | 50.6% | 51.9% | 48.1% |
| █▇▆▄▃▃▃▁ | Cost of Funds (%) | 1.17% | 1.14% | 1.10% | 1.04% | 1.03% | 1.01% | 1.01% | 0.95% |
| ▃▁▅▁█▁▁▁ | NPA / Assets (%) | 0.01% | 0.00% | 0.02% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% |
| ▃▁▅▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.03% | 0.00% | 0.05% | 0.00% | 0.09% | 0.00% | 0.00% | 0.00% |
| ▁▄▂▅▅▆▇█ | Tang. Book Value ($M) | $22 | $27 | $25 | $29 | $29 | $31 | $33 | $35 |
| ▂▁▁▄▅▆▇█ | Gross Loans ($M) | $142 | $140 | $139 | $148 | $150 | $152 | $154 | $157 |
| ▁▃█▃▄▇▁▃ | Total Deposits ($M) | $379 | $383 | $401 | $385 | $388 | $395 | $376 | $383 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 12% |