Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.71 | 0.61% |
| Return on Equity (%) | ▲ | 17.00% | +7.26 | 9.74% |
| Net Interest Margin (%) | ▲ | 3.43% | +0.56 | 2.87% |
| Efficiency Ratio (%) | ▲ | 61.47% | -15.53 | 77.00% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.44 | $0 |
| Cost of Funds (%) | ▲ | 1.49% | -0.25 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $243 | +9.54 | $234 |
| Gross Loans ($M) | ▲ | $156 | +5.47 | $150 |
| Loan Growth YoY (%) | ▲ | 69.73% | +0.01 | 69.73% |
| Total Deposits ($M) | ▲ | $221 | +8.00 | $213 |
| Shareholders Equity ($M) | ▲ | $19 | +3.50 | $15 |
| Tang. Book Value ($M) | ▲ | $18 | +3.55 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +3.91 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 69.73% | +0.01 | 69.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.31 | 0.62% |
| Allowance / Loans (%) | — | 0.93% | -0.12% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.48% | -0.47 | 0.96% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 2.47% | 2.48% | 2.56% | 2.87% | 2.95% | 2.99% | 3.05% | 3.43% |
| ▁▁▃▃▂▄▅█ | Return on Assets (%) | 0.24% | 0.35% | 0.55% | 0.61% | 0.48% | 0.72% | 0.83% | 1.32% |
| █▇▆▅▅▄▃▁ | Efficiency Ratio (%) | 87.4% | 83.6% | 77.8% | 77.0% | 75.3% | 71.8% | 70.7% | 61.5% |
| ▆█▇▅▄▃▁▁ | Cost of Funds (%) | 1.83% | 1.98% | 1.86% | 1.75% | 1.69% | 1.67% | 1.54% | 1.49% |
| ▁▁██▄▄▄▄ | NPA / Assets (%) | 0.05% | 0.07% | 0.56% | 0.62% | 0.28% | 0.28% | 0.31% | 0.31% |
| ▁▁██▄▄▄▄ | Net Charge-Off Ratio (%) | 0.08% | 0.12% | 0.88% | 0.96% | 0.44% | 0.44% | 0.48% | 0.48% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $13 | $15 | $14 | $15 | $16 | $17 | $19 | $18 |
| ▁▁▅▅▄▃▇█ | Gross Loans ($M) | $141 | $143 | $150 | $150 | $147 | $146 | $154 | $156 |
| ▁▃▆▅▅▄▇█ | Total Deposits ($M) | $205 | $210 | $216 | $213 | $214 | $212 | $219 | $221 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 5% |
| Consumer | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 3% |