Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.18 | 1.61% |
| Return on Equity (%) | ▲ | 12.71% | +0.90 | 11.81% |
| Net Interest Margin (%) | ▲ | 2.96% | +0.26 | 2.70% |
| Efficiency Ratio (%) | ▲ | 41.34% | -2.74 | 44.08% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.18 | $1 |
| Cost of Funds (%) | ▲ | 1.86% | -0.09 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $284 | +10.96 | $273 |
| Gross Loans ($M) | ▲ | $180 | +11.16 | $169 |
| Loan Growth YoY (%) | ▲ | 72.77% | +2.24 | 70.53% |
| Total Deposits ($M) | ▲ | $242 | +8.17 | $234 |
| Shareholders Equity ($M) | ▲ | $40 | +2.77 | $37 |
| Tang. Book Value ($M) | ▲ | $40 | +2.77 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +2.58 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 72.77% | +2.24 | 70.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Allowance / Loans (%) | — | 2.21% | -0.16% | 2.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 27.66% | -0.15 | 27.81% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▂▁▃▆██ | Net Interest Margin (%) | 2.77% | 2.72% | 2.74% | 2.70% | 2.78% | 2.89% | 2.94% | 2.96% |
| ▃▁▁▁▄▅██ | Return on Assets (%) | 1.65% | 1.62% | 1.63% | 1.61% | 1.68% | 1.72% | 1.77% | 1.79% |
| ▇▇▆█▆▅▂▁ | Efficiency Ratio (%) | 43.7% | 43.6% | 43.4% | 44.1% | 43.3% | 42.8% | 42.0% | 41.3% |
| ▅██▇▇▆▁▂ | Cost of Funds (%) | 1.91% | 1.96% | 1.97% | 1.95% | 1.95% | 1.92% | 1.82% | 1.86% |
| ▁▁▁▁▁█▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% |
| ▁▁▁▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.00% | 0.00% |
| ▁▃▃▃▅▇██ | Tang. Book Value ($M) | $36 | $37 | $37 | $37 | $38 | $40 | $41 | $40 |
| ▁▁▁▁▆▅▇█ | Gross Loans ($M) | $167 | $168 | $168 | $169 | $175 | $174 | $178 | $180 |
| ▁▄▆▄▃▅█▇ | Total Deposits ($M) | $220 | $232 | $239 | $234 | $229 | $236 | $247 | $242 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 28% |