Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.42 | 1.10% |
| Return on Equity (%) | ▲ | 13.64% | +2.24 | 11.40% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.79 | 3.24% |
| Efficiency Ratio (%) | ▲ | 51.15% | -8.76 | 59.91% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.65 | $1 |
| Cost of Funds (%) | ▲ | 2.02% | -0.42 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $379 | -13.14 | $392 |
| Gross Loans ($M) | ▲ | $311 | +31.76 | $279 |
| Loan Growth YoY (%) | ▲ | 92.97% | +14.18 | 78.79% |
| Total Deposits ($M) | ▼ | $331 | -19.41 | $351 |
| Shareholders Equity ($M) | ▲ | $43 | +6.13 | $37 |
| Tang. Book Value ($M) | ▲ | $43 | +6.21 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +5.82 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 92.97% | +14.18 | 78.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.18 | 0.01% |
| Allowance / Loans (%) | — | 0.93% | -0.07% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.22 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.73% | +0.99 | 13.74% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▁▂▄▅█ | Net Interest Margin (%) | 3.33% | 3.40% | 3.41% | 3.24% | 3.37% | 3.54% | 3.64% | 4.03% |
| ▁▂▂▁▃▅▇█ | Return on Assets (%) | 1.14% | 1.16% | 1.19% | 1.10% | 1.21% | 1.34% | 1.46% | 1.52% |
| ▆▆▄█▆▄▃▁ | Efficiency Ratio (%) | 57.2% | 57.7% | 55.3% | 59.9% | 57.2% | 54.7% | 53.7% | 51.1% |
| ▇██▇█▆▃▁ | Cost of Funds (%) | 2.42% | 2.55% | 2.53% | 2.44% | 2.54% | 2.37% | 2.19% | 2.02% |
| ▄▁▂▁▂▁▁█ | NPA / Assets (%) | 0.07% | 0.00% | 0.04% | 0.01% | 0.04% | 0.00% | 0.00% | 0.19% |
| ▂▁▂▁▃▁▁█ | Net Charge-Off Ratio (%) | 0.04% | 0.00% | 0.05% | 0.01% | 0.06% | 0.01% | 0.00% | 0.23% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $32 | $34 | $35 | $37 | $38 | $39 | $41 | $43 |
| ▁▂▂▄▅▆▇█ | Gross Loans ($M) | $255 | $265 | $267 | $279 | $285 | $296 | $303 | $311 |
| ▁▂▄█▇▅▃▆ | Total Deposits ($M) | $298 | $305 | $321 | $351 | $342 | $328 | $317 | $331 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 13% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 14% |