Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.15 | 0.73% |
| Return on Equity (%) | ▲ | 6.64% | +0.73 | 5.91% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.40 | 3.44% |
| Efficiency Ratio (%) | ▲ | 64.72% | -5.13 | 69.86% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.30 | $1 |
| Cost of Funds (%) | ▲ | 1.30% | -0.11 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $335 | +13.14 | $322 |
| Gross Loans ($M) | ▲ | $202 | +17.71 | $185 |
| Loan Growth YoY (%) | ▲ | 69.96% | +4.42 | 65.54% |
| Total Deposits ($M) | ▲ | $286 | +8.39 | $278 |
| Shareholders Equity ($M) | ▲ | $45 | +4.79 | $40 |
| Tang. Book Value ($M) | ▲ | $44 | +4.81 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +4.80 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 69.96% | +4.42 | 65.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.18% | +0.29 | 0.88% |
| Allowance / Loans (%) | — | 1.05% | -0.34% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 1.95% | +0.62 | 1.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▂▄▅█ | Net Interest Margin (%) | 3.38% | 3.43% | 3.46% | 3.44% | 3.49% | 3.59% | 3.67% | 3.85% |
| ▃▂▁▁▂▄▅█ | Return on Assets (%) | 0.78% | 0.75% | 0.73% | 0.73% | 0.75% | 0.79% | 0.82% | 0.89% |
| ▆▇█▅▅▄▄▁ | Efficiency Ratio (%) | 71.3% | 72.7% | 73.9% | 69.9% | 69.5% | 68.9% | 68.9% | 64.7% |
| ▇▇█▅▆▆▂▁ | Cost of Funds (%) | 1.44% | 1.44% | 1.48% | 1.41% | 1.43% | 1.43% | 1.33% | 1.30% |
| ▁▁▁▅▇█▆▇ | NPA / Assets (%) | 0.30% | 0.19% | 0.31% | 0.88% | 1.19% | 1.44% | 0.98% | 1.18% |
| ▁▁▁▅▇█▆▇ | Net Charge-Off Ratio (%) | 0.29% | 0.12% | 0.32% | 1.33% | 1.90% | 2.30% | 1.61% | 1.95% |
| ▁▃▂▃▃▆██ | Tang. Book Value ($M) | $37 | $40 | $38 | $40 | $40 | $42 | $44 | $44 |
| ▁▁▁▁▄▇██ | Gross Loans ($M) | $186 | $185 | $186 | $185 | $193 | $198 | $201 | $202 |
| ▁▁▃▅▆▆▇█ | Total Deposits ($M) | $264 | $266 | $271 | $278 | $279 | $279 | $283 | $286 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 6% |