Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.14 | 1.29% |
| Return on Equity (%) | ▲ | 14.91% | +0.63 | 14.28% |
| Net Interest Margin (%) | ▲ | 4.95% | +0.24 | 4.70% |
| Efficiency Ratio (%) | ▲ | 64.69% | -1.14 | 65.83% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.28 | $2 |
| Cost of Funds (%) | ▲ | 1.14% | -0.14 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $456 | +27.76 | $428 |
| Gross Loans ($M) | ▲ | $302 | +46.58 | $255 |
| Loan Growth YoY (%) | ▲ | 72.80% | +7.63 | 65.18% |
| Total Deposits ($M) | ▲ | $409 | +22.42 | $387 |
| Shareholders Equity ($M) | ▲ | $43 | +4.82 | $38 |
| Tang. Book Value ($M) | ▲ | $43 | +4.82 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +4.35 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 72.80% | +7.63 | 65.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.03 | 0.21% |
| Allowance / Loans (%) | — | 1.41% | 0.05% | 1.36% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.08 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▅▁▄▆██ | Net Interest Margin (%) | 4.78% | 4.82% | 4.84% | 4.70% | 4.81% | 4.88% | 4.94% | 4.95% |
| ██▆▁▃▅▆▆ | Return on Assets (%) | 1.47% | 1.49% | 1.42% | 1.29% | 1.36% | 1.40% | 1.42% | 1.43% |
| ▅▄▅█▄▃▁▆ | Efficiency Ratio (%) | 64.3% | 63.8% | 64.4% | 65.8% | 64.1% | 63.4% | 62.6% | 64.7% |
| ▂▃▇▅██▄▁ | Cost of Funds (%) | 1.17% | 1.22% | 1.32% | 1.27% | 1.37% | 1.37% | 1.23% | 1.14% |
| █▂▁▃▂▁▅▂ | NPA / Assets (%) | 0.34% | 0.20% | 0.16% | 0.21% | 0.18% | 0.15% | 0.26% | 0.18% |
| █▄▂▅▃▁▇▂ | Net Charge-Off Ratio (%) | 0.43% | 0.33% | 0.27% | 0.35% | 0.29% | 0.24% | 0.39% | 0.27% |
| ▁▄▃▃▄▇██ | Tang. Book Value ($M) | $36 | $39 | $38 | $38 | $39 | $42 | $43 | $43 |
| ▁▂▃▃▅▆██ | Gross Loans ($M) | $232 | $242 | $252 | $255 | $271 | $279 | $294 | $302 |
| ▁▂▄▆▆▆▆█ | Total Deposits ($M) | $347 | $361 | $371 | $387 | $391 | $388 | $391 | $409 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 10% |