Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 4.77% | +2.45 | 2.31% |
| Return on Equity (%) | ▲ | 23.15% | +13.69 | 9.46% |
| Net Interest Margin (%) | ▲ | 5.36% | +0.43 | 4.93% |
| Efficiency Ratio (%) | ▲ | 46.97% | -20.93 | 67.90% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.52 | $1 |
| Cost of Funds (%) | ▲ | 1.92% | -0.07 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $187 | +52.41 | $134 |
| Gross Loans ($M) | ▲ | $120 | +34.46 | $86 |
| Loan Growth YoY (%) | ▲ | 206.61% | +2.45 | 204.16% |
| Total Deposits ($M) | ▲ | $57 | +16.33 | $41 |
| Shareholders Equity ($M) | ▲ | $39 | +7.65 | $31 |
| Tang. Book Value ($M) | ▲ | $39 | +7.65 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +7.59 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 206.61% | +2.45 | 204.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.07 | 0.23% |
| Allowance / Loans (%) | — | 1.94% | -1.11% | 3.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.12 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 30.76% | -4.70 | 35.46% |
Noninterest income ($2.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▇██▇█ | Net Interest Margin (%) | 1.83% | 2.43% | 2.73% | 4.93% | 5.44% | 5.45% | 4.83% | 5.36% |
| ▁▁▁▃▅▆▆█ | Return on Assets (%) | 1.20% | 1.32% | 1.13% | 2.31% | 3.03% | 3.72% | 3.50% | 4.77% |
| ███▆▅▃▄▁ | Efficiency Ratio (%) | 74.5% | 74.7% | 76.0% | 67.9% | 62.3% | 57.8% | 58.8% | 47.0% |
| █▃▃▁▁▁▁▁ | Cost of Funds (%) | 3.76% | 2.51% | 2.41% | 1.99% | 2.04% | 2.04% | 1.98% | 1.92% |
| ▁▁▆▅▂▄█▃ | NPA / Assets (%) | 0.08% | 0.06% | 0.27% | 0.23% | 0.10% | 0.18% | 0.37% | 0.16% |
| ▁▁▆▅▁▄█▃ | Net Charge-Off Ratio (%) | 0.13% | 0.10% | 0.43% | 0.36% | 0.15% | 0.30% | 0.57% | 0.25% |
| ▁▂▁▂▃▅▇█ | Tang. Book Value ($M) | $29 | $31 | $30 | $31 | $33 | $35 | $37 | $39 |
| ▁▁▁▃▅▅██ | Gross Loans ($M) | $79 | $76 | $74 | $86 | $98 | $100 | $119 | $120 |
| ▅▂▁▃▃▇██ | Total Deposits ($M) | $47 | $38 | $34 | $41 | $41 | $54 | $56 | $57 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| C&I / Commercial | 7% |
| Consumer | 92% |
| Deposit Mix | % |
|---|---|
| Brokered / Other | 100% |