Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.59% | -0.11 | 1.70% |
| Return on Equity (%) | ▼ | 9.72% | -0.98 | 10.70% |
| Net Interest Margin (%) | ▲ | 4.55% | +0.05 | 4.50% |
| Efficiency Ratio (%) | ▼ | 55.97% | +3.81 | 52.17% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.02 | $1 |
| Cost of Funds (%) | ▼ | 0.90% | +0.17 | 0.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $140 | +6.58 | $134 |
| Gross Loans ($M) | ▲ | $91 | +11.43 | $80 |
| Loan Growth YoY (%) | ▲ | 76.79% | +6.66 | 70.13% |
| Total Deposits ($M) | ▲ | $117 | +5.19 | $112 |
| Shareholders Equity ($M) | ▲ | $23 | +1.34 | $21 |
| Tang. Book Value ($M) | ▲ | $23 | +1.34 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +1.23 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 76.79% | +6.66 | 70.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.05 | 0.14% |
| Allowance / Loans (%) | — | 1.75% | -0.25% | 2.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.09 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▆▁▆██▂ | Net Interest Margin (%) | 4.65% | 4.67% | 4.70% | 4.50% | 4.70% | 4.77% | 4.78% | 4.55% |
| ▂▃▃▂▄██▁ | Return on Assets (%) | 1.72% | 1.77% | 1.81% | 1.70% | 1.84% | 2.22% | 2.16% | 1.59% |
| ▆▅▅▆▄▁▁█ | Efficiency Ratio (%) | 52.3% | 51.4% | 50.5% | 52.2% | 50.1% | 44.9% | 45.7% | 56.0% |
| ▁▃▃▂▆▇██ | Cost of Funds (%) | 0.68% | 0.74% | 0.77% | 0.74% | 0.84% | 0.87% | 0.93% | 0.90% |
| █▁▁██▅▅▆ | NPA / Assets (%) | 0.15% | 0.00% | 0.00% | 0.14% | 0.14% | 0.08% | 0.08% | 0.10% |
| █▁▁██▅▅▅ | Net Charge-Off Ratio (%) | 0.24% | 0.00% | 0.00% | 0.24% | 0.22% | 0.13% | 0.13% | 0.15% |
| ▁▃▃▄▅███ | Tang. Book Value ($M) | $20 | $21 | $21 | $21 | $22 | $22 | $23 | $23 |
| ▁▂▂▂▅▆▇█ | Gross Loans ($M) | $77 | $79 | $80 | $80 | $85 | $86 | $89 | $91 |
| ▁▃▄▅▄▅▆█ | Total Deposits ($M) | $106 | $109 | $111 | $112 | $110 | $112 | $114 | $117 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 3% |