Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +0.19 | 1.75% |
| Return on Equity (%) | ▲ | 11.55% | +1.08 | 10.47% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.19 | 3.88% |
| Efficiency Ratio (%) | ▲ | 40.20% | -2.49 | 42.68% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.24 | $1 |
| Cost of Funds (%) | ▲ | 1.50% | -0.07 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $262 | +19.38 | $243 |
| Gross Loans ($M) | ▲ | $143 | +18.87 | $124 |
| Loan Growth YoY (%) | ▲ | 66.07% | +3.93 | 62.14% |
| Total Deposits ($M) | ▲ | $213 | +16.75 | $196 |
| Shareholders Equity ($M) | ▲ | $43 | +3.07 | $40 |
| Tang. Book Value ($M) | ▲ | $43 | +3.07 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +2.76 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 66.07% | +3.93 | 62.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.32% | +0.27 | 0.06% |
| Allowance / Loans (%) | — | 1.87% | -0.19% | 2.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.59% | +0.49 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▅▇██ | Net Interest Margin (%) | 3.78% | 3.81% | 3.89% | 3.88% | 3.96% | 4.02% | 4.09% | 4.07% |
| ▁▁▂▂▄▇▄█ | Return on Assets (%) | 1.71% | 1.73% | 1.75% | 1.75% | 1.82% | 1.89% | 1.81% | 1.94% |
| ▇▇██▆▃▅▁ | Efficiency Ratio (%) | 42.3% | 42.3% | 42.6% | 42.7% | 42.0% | 40.8% | 41.6% | 40.2% |
| ▂▄█▃▇█▇▁ | Cost of Funds (%) | 1.53% | 1.59% | 1.68% | 1.57% | 1.63% | 1.66% | 1.64% | 1.50% |
| ▃▃▃▁▁███ | NPA / Assets (%) | 0.15% | 0.14% | 0.14% | 0.06% | 0.06% | 0.34% | 0.34% | 0.32% |
| ▃▃▃▁▁███ | Net Charge-Off Ratio (%) | 0.28% | 0.26% | 0.26% | 0.10% | 0.11% | 0.63% | 0.61% | 0.59% |
| ▁▂▄▃▅▇██ | Tang. Book Value ($M) | $38 | $39 | $40 | $40 | $41 | $42 | $43 | $43 |
| ▁▃▁▁▄▆▆█ | Gross Loans ($M) | $123 | $129 | $124 | $124 | $131 | $135 | $138 | $143 |
| ▁▂▁▂▃▄▄█ | Total Deposits ($M) | $191 | $196 | $191 | $196 | $199 | $200 | $201 | $213 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 27% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 15% |