Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.50% | +1.34 | 1.15% |
| Return on Equity (%) | ▲ | 16.67% | +8.93 | 7.74% |
| Net Interest Margin (%) | ▲ | 5.48% | +1.85 | 3.64% |
| Efficiency Ratio (%) | ▲ | 43.52% | -19.95 | 63.47% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.78 | $1 |
| Cost of Funds (%) | ▲ | 2.12% | -0.24 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $384 | +22.23 | $362 |
| Gross Loans ($M) | ▲ | $306 | +33.23 | $272 |
| Loan Growth YoY (%) | ▲ | 96.60% | +6.93 | 89.67% |
| Total Deposits ($M) | ▲ | $313 | +12.06 | $300 |
| Shareholders Equity ($M) | ▲ | $58 | +5.38 | $53 |
| Tang. Book Value ($M) | ▲ | $58 | +5.38 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +5.13 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 96.60% | +6.93 | 89.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.14% | +0.57 | 1.57% |
| Allowance / Loans (%) | — | 1.22% | 0.13% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 2.69% | +0.60 | 2.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▂▃█ | Net Interest Margin (%) | 3.53% | 3.58% | 3.64% | 3.64% | 3.98% | 3.93% | 4.02% | 5.48% |
| ▁▁▁▂▃▃▃█ | Return on Assets (%) | 0.81% | 0.94% | 0.98% | 1.15% | 1.44% | 1.36% | 1.25% | 2.50% |
| █▇▇▅▄▄▄▁ | Efficiency Ratio (%) | 76.1% | 71.0% | 69.5% | 63.5% | 56.2% | 55.9% | 56.9% | 43.5% |
| ███▅▅▄▁▁ | Cost of Funds (%) | 2.51% | 2.55% | 2.51% | 2.36% | 2.34% | 2.30% | 2.10% | 2.12% |
| ▁▁▁▄▆█▇▅ | NPA / Assets (%) | 0.41% | 0.52% | 0.25% | 1.57% | 2.48% | 3.61% | 3.06% | 2.14% |
| ▁▁▁▄▆█▇▅ | Net Charge-Off Ratio (%) | 0.56% | 0.69% | 0.33% | 2.08% | 3.27% | 4.67% | 3.89% | 2.69% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $51 | $52 | $52 | $53 | $55 | $56 | $57 | $58 |
| ▁▃▃▅▅▅██ | Gross Loans ($M) | $234 | $253 | $261 | $272 | $270 | $276 | $302 | $306 |
| ▁▃▃▆▅▆██ | Total Deposits ($M) | $255 | $273 | $278 | $300 | $294 | $295 | $318 | $313 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 37% |
| Brokered / Other | 28% |