Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.42 | 0.92% |
| Return on Equity (%) | ▲ | 17.34% | +4.50 | 12.84% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.28 | 3.23% |
| Efficiency Ratio (%) | ▲ | 51.26% | -10.79 | 62.05% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.70 | $1 |
| Cost of Funds (%) | ▲ | 2.25% | -0.21 | 2.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $470 | +42.44 | $427 |
| Gross Loans ($M) | ▲ | $386 | +31.77 | $354 |
| Loan Growth YoY (%) | ▼ | 97.20% | -1.32 | 98.53% |
| Total Deposits ($M) | ▲ | $396 | +37.43 | $358 |
| Shareholders Equity ($M) | ▲ | $36 | +5.25 | $31 |
| Tang. Book Value ($M) | ▲ | $36 | +5.25 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +5.17 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 97.20% | -1.32 | 98.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.01 | 0.07% |
| Allowance / Loans (%) | — | 0.31% | 0.01% | 0.31% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.01 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.67% | +0.47 | 12.19% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇██ | Net Interest Margin (%) | 2.75% | 2.81% | 2.89% | 3.23% | 3.30% | 3.36% | 3.41% | 3.50% |
| ▁▁▂▃▄▅▆█ | Return on Assets (%) | 0.76% | 0.79% | 0.86% | 0.92% | 1.01% | 1.11% | 1.17% | 1.34% |
| ██▇▆▅▄▃▁ | Efficiency Ratio (%) | 66.2% | 65.1% | 63.8% | 62.0% | 60.4% | 57.3% | 56.8% | 51.3% |
| ██▇▅▄▃▅▁ | Cost of Funds (%) | 2.60% | 2.64% | 2.58% | 2.46% | 2.42% | 2.37% | 2.45% | 2.25% |
| ▁▂▁▄▁▁█▃ | NPA / Assets (%) | 0.01% | 0.04% | 0.02% | 0.07% | 0.00% | 0.02% | 0.18% | 0.06% |
| ▁▂▁▄▁▁█▃ | Net Charge-Off Ratio (%) | 0.01% | 0.04% | 0.02% | 0.09% | 0.00% | 0.03% | 0.21% | 0.07% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $28 | $30 | $30 | $31 | $32 | $34 | $35 | $36 |
| ▁▂▃▄▅▇▇█ | Gross Loans ($M) | $326 | $336 | $342 | $354 | $358 | $372 | $378 | $386 |
| ▁▁▁▃▄▅▆█ | Total Deposits ($M) | $337 | $341 | $344 | $358 | $362 | $369 | $377 | $396 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 18% |