Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.46 | 0.99% |
| Return on Equity (%) | ▲ | 16.06% | +4.60 | 11.46% |
| Net Interest Margin (%) | ▲ | 4.25% | +0.22 | 4.03% |
| Efficiency Ratio (%) | ▲ | 66.49% | -9.17 | 75.66% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.35 | $1 |
| Cost of Funds (%) | ▲ | 1.72% | -0.07 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $257 | +25.40 | $232 |
| Gross Loans ($M) | ▲ | $203 | +28.12 | $175 |
| Loan Growth YoY (%) | ▲ | 88.21% | +3.50 | 84.72% |
| Total Deposits ($M) | ▲ | $227 | +23.10 | $204 |
| Shareholders Equity ($M) | ▲ | $23 | +2.59 | $20 |
| Tang. Book Value ($M) | ▲ | $23 | +2.59 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +2.90 | $22 |
| Loan / Deposit Ratio (%) | ▲ | 88.21% | +3.50 | 84.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.32 | 0.24% |
| Allowance / Loans (%) | — | 1.46% | 0.11% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.71% | +0.39 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.62% | -0.74 | 13.36% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▆▆▇█ | Net Interest Margin (%) | 3.96% | 3.97% | 3.95% | 4.03% | 4.16% | 4.15% | 4.18% | 4.25% |
| ▁▂▂▁▂▃▂█ | Return on Assets (%) | 1.00% | 1.08% | 1.09% | 0.99% | 1.08% | 1.12% | 1.06% | 1.45% |
| ▇▇▇█▇▅▄▁ | Efficiency Ratio (%) | 73.8% | 73.9% | 73.6% | 75.7% | 73.6% | 72.0% | 71.0% | 66.5% |
| ▁█▇▆▆█▅▄ | Cost of Funds (%) | 1.59% | 1.85% | 1.84% | 1.78% | 1.79% | 1.88% | 1.75% | 1.72% |
| ▅▂▁▂▁██▇ | NPA / Assets (%) | 0.43% | 0.22% | 0.15% | 0.24% | 0.16% | 0.63% | 0.61% | 0.56% |
| ▅▁▁▂▁███ | Net Charge-Off Ratio (%) | 0.54% | 0.27% | 0.20% | 0.32% | 0.20% | 0.78% | 0.74% | 0.71% |
| ▁▃▂▄▃▆▇█ | Tang. Book Value ($M) | $18 | $20 | $19 | $20 | $20 | $21 | $22 | $23 |
| ▁▁▁▁▃▅██ | Gross Loans ($M) | $174 | $173 | $172 | $175 | $182 | $191 | $202 | $203 |
| ▁▁▃▄▄▄▆█ | Total Deposits ($M) | $191 | $189 | $199 | $204 | $206 | $207 | $214 | $227 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 10% |