Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.26 | 1.37% |
| Return on Equity (%) | ▲ | 16.54% | +0.95 | 15.59% |
| Net Interest Margin (%) | ▲ | 4.54% | +0.50 | 4.04% |
| Efficiency Ratio (%) | ▼ | 62.04% | +1.47 | 60.57% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.11 | $2 |
| Cost of Funds (%) | ▲ | 1.71% | -0.47 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $398 | +14.42 | $383 |
| Gross Loans ($M) | ▲ | $296 | +21.66 | $275 |
| Loan Growth YoY (%) | ▲ | 84.45% | +2.31 | 82.13% |
| Total Deposits ($M) | ▲ | $346 | +16.16 | $330 |
| Shareholders Equity ($M) | ▲ | $39 | +3.22 | $35 |
| Tang. Book Value ($M) | ▲ | $39 | +3.22 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +4.20 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 84.45% | +2.31 | 82.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.48% | -0.29 | 0.76% |
| Allowance / Loans (%) | — | 1.27% | 0.04% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.59% | -0.48 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▄▅█ | Net Interest Margin (%) | 3.68% | 3.71% | 3.70% | 4.04% | 4.05% | 4.08% | 4.13% | 4.54% |
| ▁▁▂▅▄▅▄█ | Return on Assets (%) | 1.06% | 1.12% | 1.17% | 1.37% | 1.31% | 1.39% | 1.31% | 1.64% |
| ██▇▁▄▃▅▂ | Efficiency Ratio (%) | 69.6% | 68.5% | 67.7% | 60.6% | 64.0% | 63.4% | 65.3% | 62.0% |
| ██▆▅▅▅▃▁ | Cost of Funds (%) | 2.47% | 2.51% | 2.28% | 2.18% | 2.19% | 2.19% | 1.99% | 1.71% |
| ██▆▄▃▃▃▁ | NPA / Assets (%) | 1.14% | 1.06% | 0.95% | 0.76% | 0.71% | 0.71% | 0.69% | 0.48% |
| ██▇▄▄▄▂▁ | Net Charge-Off Ratio (%) | 1.56% | 1.47% | 1.38% | 1.07% | 0.95% | 0.96% | 0.83% | 0.59% |
| ▁▂▃▅▅▇██ | Tang. Book Value ($M) | $30 | $32 | $32 | $35 | $35 | $38 | $38 | $39 |
| ▁▂▄▅▆▆██ | Gross Loans ($M) | $252 | $261 | $269 | $275 | $283 | $283 | $293 | $296 |
| ▁▃▇▆▆▅▅█ | Total Deposits ($M) | $297 | $312 | $338 | $330 | $328 | $323 | $326 | $346 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 12% |