Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.08% | +0.11 | 1.97% |
| Return on Equity (%) | ▼ | 17.10% | -0.56 | 17.66% |
| Net Interest Margin (%) | ▲ | 5.00% | +0.21 | 4.79% |
| Efficiency Ratio (%) | ▲ | 54.03% | -2.48 | 56.51% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.29 | $2 |
| Cost of Funds (%) | ▼ | 1.58% | +0.07 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $339 | +18.74 | $321 |
| Gross Loans ($M) | ▲ | $232 | +28.90 | $203 |
| Loan Growth YoY (%) | ▲ | 77.27% | +5.06 | 72.21% |
| Total Deposits ($M) | ▲ | $296 | +18.08 | $278 |
| Shareholders Equity ($M) | ▲ | $42 | +5.50 | $36 |
| Tang. Book Value ($M) | ▲ | $41 | +5.53 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +4.77 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 77.27% | +5.06 | 72.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.21 | 0.00% |
| Allowance / Loans (%) | — | 1.34% | 0.24% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.30 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇▇█ | Net Interest Margin (%) | 4.43% | 4.48% | 4.51% | 4.79% | 4.88% | 4.90% | 4.93% | 5.00% |
| ▁▁▂▆▇▆▅█ | Return on Assets (%) | 1.77% | 1.80% | 1.83% | 1.97% | 2.02% | 2.00% | 1.94% | 2.08% |
| ███▄▃▂▄▁ | Efficiency Ratio (%) | 59.6% | 59.4% | 59.1% | 56.5% | 55.5% | 55.4% | 56.3% | 54.0% |
| ▄▇▇▁▇▇█▅ | Cost of Funds (%) | 1.57% | 1.61% | 1.61% | 1.52% | 1.61% | 1.61% | 1.63% | 1.58% |
| ▁▁▁▁▁█▇▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.89% | 0.68% | 0.21% |
| ▁▁▁▁▁█▆▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 1.31% | 0.97% | 0.30% |
| ▁▃▂▄▄▆▇█ | Tang. Book Value ($M) | $32 | $35 | $33 | $36 | $36 | $39 | $40 | $41 |
| ▁▁▂▄▆▇██ | Gross Loans ($M) | $183 | $184 | $192 | $203 | $216 | $221 | $231 | $232 |
| ▁▂▁▃▃▄▅█ | Total Deposits ($M) | $269 | $273 | $269 | $278 | $276 | $281 | $284 | $296 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 7% |