Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.30 | 0.87% |
| Return on Equity (%) | ▲ | 9.00% | +1.54 | 7.46% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.40 | 3.46% |
| Efficiency Ratio (%) | ▲ | 61.30% | -7.40 | 68.70% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.46 | $1 |
| Cost of Funds (%) | ▲ | 1.04% | -0.36 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $395 | +18.75 | $377 |
| Gross Loans ($M) | ▲ | $205 | +10.04 | $195 |
| Loan Growth YoY (%) | ▲ | 59.41% | +0.58 | 58.82% |
| Total Deposits ($M) | ▲ | $341 | +13.53 | $327 |
| Shareholders Equity ($M) | ▲ | $51 | +6.09 | $45 |
| Tang. Book Value ($M) | ▲ | $51 | +6.09 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +6.45 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 59.41% | +0.58 | 58.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.08 | 0.08% |
| Allowance / Loans (%) | — | 1.28% | -0.02% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.16 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▅▆█ | Net Interest Margin (%) | 3.51% | 3.51% | 3.51% | 3.46% | 3.57% | 3.66% | 3.73% | 3.86% |
| ▂▃▄▁▄▇██ | Return on Assets (%) | 0.91% | 0.96% | 1.01% | 0.87% | 1.01% | 1.11% | 1.17% | 1.18% |
| ▆▅▄█▄▂▁▁ | Efficiency Ratio (%) | 66.4% | 65.7% | 64.7% | 68.7% | 64.7% | 63.1% | 61.6% | 61.3% |
| ▆██▇▄▄▂▁ | Cost of Funds (%) | 1.33% | 1.50% | 1.48% | 1.39% | 1.26% | 1.22% | 1.10% | 1.04% |
| ██▆▅▁▁▁▁ | NPA / Assets (%) | 0.14% | 0.14% | 0.09% | 0.08% | 0.00% | 0.01% | 0.01% | 0.00% |
| ██▅▅▁▁▁▁ | Net Charge-Off Ratio (%) | 0.27% | 0.26% | 0.17% | 0.16% | 0.00% | 0.02% | 0.03% | 0.01% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $42 | $46 | $44 | $45 | $47 | $49 | $52 | $51 |
| ▄▇█▁▁▄▅▇ | Gross Loans ($M) | $200 | $205 | $207 | $195 | $196 | $200 | $202 | $205 |
| ▂▁▆▂▆▆▆█ | Total Deposits ($M) | $328 | $325 | $335 | $327 | $335 | $335 | $337 | $341 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 11% |