Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.18% | +0.48 | 1.70% |
| Return on Equity (%) | ▲ | 18.59% | +2.47 | 16.12% |
| Net Interest Margin (%) | ▲ | 4.19% | +0.11 | 4.08% |
| Efficiency Ratio (%) | ▲ | 52.34% | -2.05 | 54.39% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▲ | 2.74% | -0.07 | 2.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $215 | +3.01 | $212 |
| Gross Loans ($M) | ▲ | $149 | +0.88 | $148 |
| Loan Growth YoY (%) | ▲ | 77.56% | +0.18 | 77.38% |
| Total Deposits ($M) | ▲ | $189 | +0.68 | $188 |
| Shareholders Equity ($M) | ▲ | $25 | +2.10 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +2.10 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +2.25 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 77.56% | +0.18 | 77.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.52% | -0.01% | 1.53% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.40% | -0.48 | 14.89% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▇████ | Net Interest Margin (%) | 3.11% | 3.25% | 3.63% | 4.08% | 4.25% | 4.24% | 4.26% | 4.19% |
| ▁▁▃▆▇▇▄█ | Return on Assets (%) | 0.82% | 0.95% | 1.23% | 1.70% | 1.96% | 1.97% | 1.40% | 2.18% |
| █▇▄▂▁▁▇▁ | Efficiency Ratio (%) | 68.1% | 64.6% | 59.5% | 54.4% | 51.6% | 51.0% | 64.3% | 52.3% |
| █▇▇▄▅▁▂▄ | Cost of Funds (%) | 3.42% | 3.15% | 3.16% | 2.80% | 2.91% | 2.29% | 2.54% | 2.74% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▄▆███ | Tang. Book Value ($M) | $21 | $22 | $22 | $23 | $24 | $25 | $25 | $25 |
| ▁▃█▅▅▆█▅ | Gross Loans ($M) | $134 | $140 | $158 | $148 | $148 | $150 | $157 | $149 |
| ▁█▅▅▁▆▅▆ | Total Deposits ($M) | $169 | $200 | $187 | $188 | $171 | $191 | $186 | $189 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 32% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 8% |