Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.07 | 0.88% |
| Return on Equity (%) | ▼ | 11.71% | -1.14 | 12.85% |
| Net Interest Margin (%) | ▲ | 3.51% | +0.65 | 2.86% |
| Efficiency Ratio (%) | ▼ | 61.36% | +5.48 | 55.88% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.06 | $1 |
| Cost of Funds (%) | ▲ | 1.91% | -0.57 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $177 | +5.10 | $172 |
| Gross Loans ($M) | ▲ | $98 | +4.39 | $94 |
| Loan Growth YoY (%) | ▲ | 59.71% | +1.74 | 57.97% |
| Total Deposits ($M) | ▲ | $162 | +2.43 | $159 |
| Shareholders Equity ($M) | ▲ | $15 | +2.42 | $12 |
| Tang. Book Value ($M) | ▲ | $15 | +2.42 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +2.07 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 59.71% | +1.74 | 57.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.64% | +0.61 | 0.03% |
| Allowance / Loans (%) | — | 1.29% | 0.12% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 1.16% | +1.10 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.84% | -0.12 | 16.96% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 1.95% | 2.11% | 2.21% | 2.86% | 3.00% | 3.15% | 3.14% | 3.51% |
| ▁▂▂██▇▇█ | Return on Assets (%) | 0.31% | 0.44% | 0.47% | 0.88% | 0.89% | 0.84% | 0.85% | 0.95% |
| ██▇▁▁▁▂▂ | Efficiency Ratio (%) | 79.8% | 77.3% | 74.8% | 55.9% | 56.6% | 57.6% | 59.2% | 61.4% |
| █▇▃▄▄▅▁▁ | Cost of Funds (%) | 3.15% | 2.93% | 2.33% | 2.48% | 2.51% | 2.64% | 2.02% | 1.91% |
| ▁▁▁▁▁▆▅█ | NPA / Assets (%) | 0.00% | 0.00% | 0.08% | 0.03% | 0.00% | 0.45% | 0.38% | 0.64% |
| ▁▁▂▁▁▅▆█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.16% | 0.06% | 0.00% | 0.70% | 0.74% | 1.16% |
| ▁▄▂▃▄▆██ | Tang. Book Value ($M) | $11 | $13 | $12 | $12 | $13 | $14 | $14 | $15 |
| ▁▃▅▆██▇█ | Gross Loans ($M) | $78 | $85 | $89 | $94 | $99 | $100 | $95 | $98 |
| ▃▁▇▇▇▄█▇ | Total Deposits ($M) | $137 | $120 | $160 | $159 | $158 | $141 | $169 | $162 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 3% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 27% |