Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.80% | +1.03 | 0.77% |
| Return on Equity (%) | ▲ | 18.45% | +10.01 | 8.44% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.56 | 3.48% |
| Efficiency Ratio (%) | ▲ | 71.16% | -3.81 | 74.97% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.43 | $1 |
| Cost of Funds (%) | ▲ | 2.28% | -0.25 | 2.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $490 | +20.99 | $469 |
| Gross Loans ($M) | ▲ | $382 | +27.25 | $354 |
| Loan Growth YoY (%) | ▲ | 88.48% | +2.35 | 86.13% |
| Total Deposits ($M) | ▲ | $427 | +19.59 | $408 |
| Shareholders Equity ($M) | ▲ | $48 | +5.56 | $43 |
| Tang. Book Value ($M) | ▲ | $46 | +5.56 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +5.56 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 88.48% | +2.35 | 86.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.05 | 0.00% |
| Allowance / Loans (%) | — | 0.88% | 0.03% | 0.86% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.07 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.84% | +0.84 | 11.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 2.76% | 2.88% | 3.01% | 3.48% | 3.66% | 3.77% | 3.85% | 4.04% |
| ▁▁▁▃▄▄▅█ | Return on Assets (%) | 0.24% | 0.33% | 0.39% | 0.77% | 0.87% | 0.97% | 1.02% | 1.80% |
| █▇▆▂▁▁▁▁ | Efficiency Ratio (%) | 91.0% | 87.8% | 84.6% | 75.0% | 72.8% | 71.2% | 70.7% | 71.2% |
| ▇█▅▃▄▄▂▁ | Cost of Funds (%) | 2.95% | 3.05% | 2.73% | 2.53% | 2.58% | 2.57% | 2.44% | 2.28% |
| ▂▁▁▁▂▄█▇ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.01% | 0.03% | 0.07% | 0.05% |
| ▂▁▁▁▂▄█▇ | Net Charge-Off Ratio (%) | 0.02% | 0.00% | 0.00% | 0.00% | 0.01% | 0.04% | 0.09% | 0.07% |
| ▁▁▂▄▄▆▇█ | Tang. Book Value ($M) | $37 | $38 | $39 | $40 | $41 | $42 | $44 | $46 |
| ▁▂▃▆▇███ | Gross Loans ($M) | $288 | $305 | $319 | $354 | $365 | $373 | $373 | $382 |
| ▁▂▄▆▇▇▇█ | Total Deposits ($M) | $363 | $373 | $388 | $408 | $413 | $418 | $417 | $427 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 23% |