Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.06 | 1.56% |
| Return on Equity (%) | ▲ | 12.31% | +0.71 | 11.60% |
| Net Interest Margin (%) | ▲ | 5.21% | +0.09 | 5.13% |
| Efficiency Ratio (%) | ▲ | 54.09% | -2.69 | 56.78% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.48 | $2 |
| Cost of Funds (%) | ▲ | 1.90% | -0.22 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $427 | +31.35 | $396 |
| Gross Loans ($M) | ▲ | $332 | +23.81 | $308 |
| Loan Growth YoY (%) | ▲ | 89.75% | +0.33 | 89.41% |
| Total Deposits ($M) | ▲ | $366 | +25.12 | $341 |
| Shareholders Equity ($M) | ▲ | $59 | +5.51 | $53 |
| Tang. Book Value ($M) | ▲ | $58 | +5.55 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 89.75% | +0.33 | 89.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.21 | 0.23% |
| Allowance / Loans (%) | — | 1.07% | -0.04% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.56% | +0.27 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▅█▂▂▁▁▅ | Net Interest Margin (%) | 5.28% | 5.20% | 5.31% | 5.13% | 5.11% | 5.06% | 5.09% | 5.21% |
| ▁▁▃▆▅▂▂█ | Return on Assets (%) | 1.45% | 1.44% | 1.50% | 1.56% | 1.54% | 1.48% | 1.46% | 1.63% |
| ███▄▄▆▅▁ | Efficiency Ratio (%) | 60.7% | 60.5% | 60.1% | 56.8% | 57.3% | 58.5% | 57.6% | 54.1% |
| ▇█▇▅▄▄▃▁ | Cost of Funds (%) | 2.27% | 2.34% | 2.23% | 2.13% | 2.09% | 2.11% | 2.06% | 1.90% |
| ▃▃▁▅▆▆▅█ | NPA / Assets (%) | 0.12% | 0.12% | 0.00% | 0.23% | 0.30% | 0.31% | 0.26% | 0.43% |
| ▃▃▁▅▆▇▆█ | Net Charge-Off Ratio (%) | 0.14% | 0.14% | 0.00% | 0.29% | 0.41% | 0.42% | 0.35% | 0.56% |
| ▁▂▃▄▄▆▇█ | Tang. Book Value ($M) | $48 | $49 | $51 | $52 | $53 | $54 | $56 | $58 |
| ▁▁▁▂▃███ | Gross Loans ($M) | $301 | $301 | $300 | $308 | $310 | $333 | $330 | $332 |
| ▁▁▁▂▅█▇▅ | Total Deposits ($M) | $324 | $324 | $329 | $341 | $366 | $398 | $387 | $366 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 14% |