Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.28 | 1.51% |
| Return on Equity (%) | ▲ | 17.76% | +0.70 | 17.06% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.23 | 3.73% |
| Efficiency Ratio (%) | ▲ | 39.43% | -7.14 | 46.56% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.89 | $3 |
| Cost of Funds (%) | ▲ | 1.14% | -0.09 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $622 | +39.65 | $582 |
| Gross Loans ($M) | ▲ | $325 | +40.87 | $284 |
| Loan Growth YoY (%) | ▲ | 57.57% | +4.58 | 52.99% |
| Total Deposits ($M) | ▲ | $556 | +28.57 | $528 |
| Shareholders Equity ($M) | ▲ | $63 | +10.85 | $52 |
| Tang. Book Value ($M) | ▲ | $63 | +10.85 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +11.75 | $64 |
| Loan / Deposit Ratio (%) | ▲ | 57.57% | +4.58 | 52.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.31% | -0.09% | 1.40% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.09% | +0.50 | 17.60% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.53% | 3.58% | 3.64% | 3.73% | 3.80% | 3.88% | 3.92% | 3.96% |
| ▁▁▂▄▅▆██ | Return on Assets (%) | 1.34% | 1.39% | 1.43% | 1.51% | 1.58% | 1.65% | 1.73% | 1.79% |
| ███▆▅▃▂▁ | Efficiency Ratio (%) | 49.3% | 48.2% | 48.1% | 46.6% | 45.0% | 42.9% | 41.8% | 39.4% |
| ▇█▇▄▃▃▃▁ | Cost of Funds (%) | 1.31% | 1.36% | 1.33% | 1.23% | 1.21% | 1.20% | 1.20% | 1.14% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $44 | $51 | $48 | $52 | $56 | $60 | $62 | $63 |
| ▁▁▃▂▄▇██ | Gross Loans ($M) | $276 | $281 | $288 | $284 | $295 | $314 | $319 | $325 |
| ▁▁▂▅▅███ | Total Deposits ($M) | $499 | $496 | $506 | $528 | $533 | $555 | $554 | $556 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 13% |