Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.22% | -0.23 | 1.45% |
| Return on Equity (%) | ▼ | 11.61% | -3.58 | 15.19% |
| Net Interest Margin (%) | ▲ | 5.96% | +0.75 | 5.21% |
| Efficiency Ratio (%) | ▼ | 73.12% | +7.14 | 65.97% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.08 | $1 |
| Cost of Funds (%) | ▲ | 1.39% | -0.15 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $181 | +8.26 | $173 |
| Gross Loans ($M) | ▲ | $139 | +17.61 | $122 |
| Loan Growth YoY (%) | ▲ | 86.12% | +7.98 | 78.14% |
| Total Deposits ($M) | ▲ | $160 | +6.11 | $154 |
| Shareholders Equity ($M) | ▲ | $19 | +2.04 | $17 |
| Tang. Book Value ($M) | ▲ | $19 | +2.04 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 86.12% | +7.98 | 78.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.00 | 0.03% |
| Allowance / Loans (%) | — | 1.10% | -0.10% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.01 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.38% | -1.08 | 15.46% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▇█ | Net Interest Margin (%) | 4.88% | 4.91% | 4.96% | 5.21% | 5.40% | 5.55% | 5.71% | 5.96% |
| ▁▃▄█▆▆▇▄ | Return on Assets (%) | 1.05% | 1.16% | 1.20% | 1.45% | 1.34% | 1.34% | 1.36% | 1.22% |
| ▆▄▅▁▅▅▆█ | Efficiency Ratio (%) | 70.7% | 69.4% | 70.0% | 66.0% | 69.6% | 70.1% | 71.0% | 73.1% |
| ▆█▆▃▃▄▁▁ | Cost of Funds (%) | 1.72% | 1.85% | 1.70% | 1.54% | 1.52% | 1.58% | 1.39% | 1.39% |
| █▇▆▃▃▃▁▁ | NPA / Assets (%) | 0.04% | 0.04% | 0.03% | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% |
| █▇▇▄▃▄▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.04% | 0.03% | 0.03% |
| ▁▂▄▅▆▇██ | Tang. Book Value ($M) | $14 | $15 | $16 | $17 | $18 | $18 | $19 | $19 |
| ▁▁▁▂▃▄▇█ | Gross Loans ($M) | $118 | $118 | $121 | $122 | $126 | $127 | $135 | $139 |
| ▁▁▆▆▅▇▇█ | Total Deposits ($M) | $143 | $142 | $154 | $154 | $152 | $156 | $157 | $160 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 19% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 16% |