Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.07% | -0.29 | 2.36% |
| Return on Equity (%) | ▼ | 9.89% | -2.14 | 12.03% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.34 | 3.97% |
| Efficiency Ratio (%) | ▲ | 41.08% | -3.81 | 44.89% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.71 | $3 |
| Cost of Funds (%) | ▲ | 1.41% | -0.15 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $624 | +30.94 | $593 |
| Gross Loans ($M) | ▲ | $444 | +41.91 | $403 |
| Loan Growth YoY (%) | ▲ | 98.75% | +6.60 | 92.15% |
| Total Deposits ($M) | ▲ | $444 | +13.35 | $431 |
| Shareholders Equity ($M) | ▲ | $130 | +12.03 | $118 |
| Tang. Book Value ($M) | ▲ | $128 | +12.03 | $116 |
| TBV excl. AOCI ($M)** | ▲ | $135 | +11.94 | $123 |
| Loan / Deposit Ratio (%) | ▲ | 98.75% | +6.60 | 92.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.10 | 0.10% |
| Allowance / Loans (%) | — | 1.27% | -0.06% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.15 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.63% | 3.68% | 3.76% | 3.97% | 4.05% | 4.09% | 4.16% | 4.31% |
| ▁▁▂████▄ | Return on Assets (%) | 1.85% | 1.80% | 1.91% | 2.36% | 2.36% | 2.32% | 2.36% | 2.07% |
| ██▇▅▃▂▂▁ | Efficiency Ratio (%) | 48.1% | 47.7% | 46.6% | 44.9% | 43.4% | 42.1% | 42.3% | 41.1% |
| ▇██▄▂▃▃▁ | Cost of Funds (%) | 1.68% | 1.75% | 1.71% | 1.55% | 1.47% | 1.50% | 1.52% | 1.41% |
| ▁█▃▃▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.33% | 0.10% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁█▃▃▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.49% | 0.15% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $108 | $114 | $113 | $116 | $120 | $123 | $127 | $128 |
| ▁▁▃▃▄▄▆█ | Gross Loans ($M) | $380 | $388 | $400 | $403 | $408 | $409 | $427 | $444 |
| ▃▁▅▅▆█▆█ | Total Deposits ($M) | $426 | $417 | $432 | $431 | $436 | $444 | $436 | $444 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 2% |
| Other | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 13% |