Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.74 | 0.64% |
| Return on Equity (%) | ▲ | 14.04% | +7.97 | 6.07% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.15 | 4.16% |
| Efficiency Ratio (%) | ▲ | 56.53% | -1.72 | 58.25% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.35 | $1 |
| Cost of Funds (%) | ▼ | 3.03% | +0.18 | 2.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $248 | +47.13 | $201 |
| Gross Loans ($M) | ▲ | $196 | +49.47 | $147 |
| Loan Growth YoY (%) | ▲ | 91.36% | +5.69 | 85.67% |
| Total Deposits ($M) | ▲ | $212 | +42.67 | $169 |
| Shareholders Equity ($M) | ▲ | $24 | +4.87 | $19 |
| Tang. Book Value ($M) | ▲ | $24 | +5.00 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 91.36% | +5.69 | 85.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.70% | +0.69 | 0.01% |
| Allowance / Loans (%) | — | 1.31% | 0.15% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.74% | +0.73 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▇▁▁▁▁▄ | Net Interest Margin (%) | 4.48% | 4.55% | 4.48% | 4.16% | 4.18% | 4.17% | 4.14% | 4.31% |
| ▁▂▂▁▁▂▂█ | Return on Assets (%) | 0.61% | 0.80% | 0.71% | 0.64% | 0.70% | 0.72% | 0.77% | 1.38% |
| ██▆▁▁▁▁▁ | Efficiency Ratio (%) | 80.2% | 78.3% | 73.6% | 58.3% | 58.6% | 57.8% | 58.7% | 56.5% |
| ██▂▁▂▃▆▃ | Cost of Funds (%) | 3.56% | 3.53% | 2.97% | 2.85% | 2.99% | 3.05% | 3.35% | 3.03% |
| █▂▁▁▄▅██ | NPA / Assets (%) | 0.68% | 0.11% | 0.02% | 0.01% | 0.37% | 0.40% | 0.74% | 0.70% |
| █▁▁▁▅▅█▇ | Net Charge-Off Ratio (%) | 0.85% | 0.08% | 0.02% | 0.01% | 0.52% | 0.53% | 0.90% | 0.74% |
| ▁▁▅▅████ | Tang. Book Value ($M) | $11 | $11 | $18 | $19 | $22 | $23 | $23 | $24 |
| ▁▁▃▅▆███ | Gross Loans ($M) | $88 | $93 | $120 | $147 | $161 | $185 | $191 | $196 |
| ▁▁▃▆▇███ | Total Deposits ($M) | $93 | $97 | $133 | $169 | $190 | $204 | $209 | $212 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 26% |
| Brokered / Other | 69% |