Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.42 | 0.76% |
| Return on Equity (%) | ▲ | 11.71% | +3.49 | 8.22% |
| Net Interest Margin (%) | ▲ | 3.14% | +0.65 | 2.49% |
| Efficiency Ratio (%) | ▲ | 51.20% | -13.51 | 64.72% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.44 | $1 |
| Cost of Funds (%) | ▲ | 2.11% | -0.18 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $249 | +0.48 | $248 |
| Gross Loans ($M) | ▲ | $173 | +9.81 | $163 |
| Loan Growth YoY (%) | ▲ | 82.54% | +3.72 | 78.83% |
| Total Deposits ($M) | ▲ | $207 | +2.43 | $205 |
| Shareholders Equity ($M) | ▲ | $26 | +3.12 | $22 |
| Tang. Book Value ($M) | ▲ | $26 | +3.12 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +2.81 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 82.54% | +3.72 | 78.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.89% | +0.71 | 0.18% |
| Allowance / Loans (%) | — | 0.81% | 0.06% | 0.75% |
| Net Charge-Off Ratio (%) | ▼ | 1.27% | +1.02 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▆█ | Net Interest Margin (%) | 1.80% | 1.84% | 1.98% | 2.49% | 2.57% | 2.68% | 2.77% | 3.14% |
| ▁▁▂▅▅▆▇█ | Return on Assets (%) | 0.22% | 0.30% | 0.40% | 0.76% | 0.80% | 0.92% | 1.01% | 1.18% |
| ██▇▃▃▂▂▁ | Efficiency Ratio (%) | 87.6% | 84.5% | 79.8% | 64.7% | 61.9% | 56.2% | 57.3% | 51.2% |
| ▅█▃▄▆▅▄▁ | Cost of Funds (%) | 2.31% | 2.48% | 2.23% | 2.29% | 2.37% | 2.30% | 2.27% | 2.11% |
| ▂▁▁▁▃▁▅█ | NPA / Assets (%) | 0.23% | 0.14% | 0.17% | 0.18% | 0.35% | 0.10% | 0.55% | 0.89% |
| ▂▁▁▁▃▁▅█ | Net Charge-Off Ratio (%) | 0.36% | 0.20% | 0.24% | 0.25% | 0.50% | 0.12% | 0.78% | 1.27% |
| ▁▃▁▁▅▇▇█ | Tang. Book Value ($M) | $22 | $23 | $23 | $22 | $24 | $25 | $25 | $26 |
| ▁▂▄▆████ | Gross Loans ($M) | $137 | $142 | $151 | $163 | $170 | $174 | $173 | $173 |
| ▁▂▁▇██▇█ | Total Deposits ($M) | $192 | $194 | $194 | $205 | $206 | $206 | $206 | $207 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 11% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 24% |