Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.74% | +0.28 | 0.46% |
| Return on Equity (%) | ▲ | 7.81% | +2.58 | 5.23% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.20 | 3.89% |
| Efficiency Ratio (%) | ▲ | 73.36% | -11.99 | 85.35% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.52 | $0 |
| Cost of Funds (%) | ▲ | 2.39% | -0.26 | 2.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $361 | +37.95 | $323 |
| Gross Loans ($M) | ▲ | $297 | +31.44 | $266 |
| Loan Growth YoY (%) | ▲ | 97.16% | +5.19 | 91.97% |
| Total Deposits ($M) | ▲ | $303 | +16.85 | $287 |
| Shareholders Equity ($M) | ▲ | $38 | +9.64 | $28 |
| Tang. Book Value ($M) | ▲ | $37 | +9.64 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +9.75 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 97.16% | +5.19 | 91.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.02 | 0.07% |
| Allowance / Loans (%) | — | 0.91% | -0.04% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.02 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.30% | +2.57 | 10.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▇██▇ | Net Interest Margin (%) | 3.67% | 3.74% | 3.83% | 3.89% | 4.06% | 4.13% | 4.16% | 4.08% |
| ▁▁▁▃▅▆▆█ | Return on Assets (%) | 0.36% | 0.31% | 0.31% | 0.46% | 0.56% | 0.61% | 0.61% | 0.74% |
| ▇█▇▇▅▃▂▁ | Efficiency Ratio (%) | 86.5% | 88.5% | 86.0% | 85.3% | 82.0% | 79.0% | 77.0% | 73.4% |
| ▆█▇▄▄▁▃▁ | Cost of Funds (%) | 2.84% | 3.04% | 2.89% | 2.66% | 2.65% | 2.44% | 2.64% | 2.39% |
| ▁██▁▁▁▁▁ | NPA / Assets (%) | 0.08% | 1.23% | 1.22% | 0.07% | 0.07% | 0.08% | 0.13% | 0.08% |
| ▁██▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.09% | 1.40% | 1.42% | 0.08% | 0.09% | 0.10% | 0.15% | 0.10% |
| ▁▁▁▁▁▂▂█ | Tang. Book Value ($M) | $27 | $27 | $27 | $27 | $28 | $29 | $29 | $37 |
| ▂▂▁▁▁▅██ | Gross Loans ($M) | $270 | $271 | $268 | $266 | $265 | $285 | $295 | $297 |
| ▄▁▁▅▂▇██ | Total Deposits ($M) | $283 | $269 | $272 | $287 | $275 | $297 | $299 | $303 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 8% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 26% |