Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.66 | -0.03% |
| Return on Equity (%) | ▲ | 12.02% | +12.82 | -0.80% |
| Net Interest Margin (%) | ▲ | 2.97% | +1.13 | 1.83% |
| Efficiency Ratio (%) | ▲ | 74.69% | -27.45 | 102.14% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.71 | $-0 |
| Cost of Funds (%) | ▲ | 1.02% | -0.09 | 1.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $334 | +13.59 | $321 |
| Gross Loans ($M) | ▲ | $111 | +8.00 | $103 |
| Loan Growth YoY (%) | ▲ | 34.90% | +1.75 | 33.15% |
| Total Deposits ($M) | ▲ | $315 | +7.75 | $307 |
| Shareholders Equity ($M) | ▲ | $18 | +5.36 | $12 |
| Tang. Book Value ($M) | ▲ | $17 | +5.41 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +5.04 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 34.90% | +1.75 | 33.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.11 | 0.12% |
| Allowance / Loans (%) | — | 0.78% | -0.15% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.03% | +0.71 | 15.33% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▁▂▃█ | Net Interest Margin (%) | 1.97% | 1.97% | 2.07% | 1.83% | 1.96% | 2.09% | 2.24% | 2.97% |
| █▆▅▁▁▁▁▃ | Return on Assets (%) | 2.09% | 1.34% | 1.11% | -0.03% | -0.01% | 0.07% | -0.01% | 0.63% |
| ▁▂▃███▇▅ | Efficiency Ratio (%) | 44.9% | 55.8% | 60.4% | 102.1% | 101.2% | 96.8% | 91.2% | 74.7% |
| █▅█▇▆▁▄▃ | Cost of Funds (%) | 1.15% | 1.06% | 1.15% | 1.11% | 1.09% | 0.94% | 1.02% | 1.02% |
| █▄▅▃▃▁▅▁ | NPA / Assets (%) | 0.40% | 0.16% | 0.20% | 0.12% | 0.15% | 0.00% | 0.23% | 0.01% |
| █▂▃▁▅▁▇▁ | Net Charge-Off Ratio (%) | 0.90% | 0.19% | 0.27% | 0.00% | 0.45% | 0.00% | 0.74% | 0.04% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $7 | $11 | $10 | $12 | $13 | $15 | $18 | $17 |
| ▁▁▁▆▆▆██ | Gross Loans ($M) | $90 | $89 | $92 | $103 | $105 | $104 | $108 | $111 |
| ▁█▂▂▂█▅▃ | Total Deposits ($M) | $297 | $344 | $306 | $307 | $307 | $348 | $324 | $315 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 8% |
| Consumer | 15% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 5% |