Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.17 | 0.90% |
| Return on Equity (%) | ▲ | 17.65% | +3.54 | 14.11% |
| Net Interest Margin (%) | ▲ | 3.12% | +0.06 | 3.06% |
| Efficiency Ratio (%) | ▲ | 57.56% | -7.23 | 64.79% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.12 | $0 |
| Cost of Funds (%) | ▲ | 1.20% | -0.17 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $120 | +18.73 | $101 |
| Gross Loans ($M) | ▲ | $60 | +9.43 | $50 |
| Loan Growth YoY (%) | ▲ | 52.59% | +0.07 | 52.53% |
| Total Deposits ($M) | ▲ | $113 | +17.80 | $95 |
| Shareholders Equity ($M) | ▲ | $7 | +0.92 | $6 |
| Tang. Book Value ($M) | ▲ | $7 | +0.92 | $6 |
| Loan / Deposit Ratio (%) | ▲ | 52.59% | +0.07 | 52.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.07 | 0.07% |
| Allowance / Loans (%) | — | 0.69% | -0.13% | 0.82% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.14 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.46% | +0.74 | 16.72% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▁▃▃▃▂ | Net Interest Margin (%) | 3.33% | 3.30% | 3.24% | 3.06% | 3.14% | 3.13% | 3.13% | 3.12% |
| ▁▂▃▆▇▇▇█ | Return on Assets (%) | 0.62% | 0.71% | 0.75% | 0.90% | 0.97% | 0.99% | 1.01% | 1.07% |
| █▇▆▃▂▂▂▁ | Efficiency Ratio (%) | 79.6% | 76.5% | 72.0% | 64.8% | 62.3% | 61.3% | 61.2% | 57.6% |
| ▁▅▆▇▇█▅▄ | Cost of Funds (%) | 0.98% | 1.23% | 1.29% | 1.37% | 1.41% | 1.47% | 1.28% | 1.20% |
| ▁▁▆█▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.04% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▆█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.09% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▁▂▄▆▆█ | Tang. Book Value ($M) | $6 | $6 | $6 | $6 | $7 | $7 | $7 | $7 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $47 | $48 | $49 | $50 | $53 | $56 | $58 | $60 |
| ▁▂▄▅▆▇██ | Total Deposits ($M) | $70 | $80 | $91 | $95 | $99 | $102 | $109 | $113 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 5% |