Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.87% | +0.07 | 0.80% |
| Return on Equity (%) | ▲ | 9.29% | +0.12 | 9.17% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.29 | 3.49% |
| Efficiency Ratio (%) | ▲ | 69.16% | -0.95 | 70.11% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▲ | 1.97% | -0.27 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $339 | +16.63 | $323 |
| Gross Loans ($M) | ▲ | $260 | +26.59 | $234 |
| Loan Growth YoY (%) | ▲ | 85.86% | +4.44 | 81.42% |
| Total Deposits ($M) | ▲ | $301 | +16.21 | $285 |
| Shareholders Equity ($M) | ▲ | $31 | +2.97 | $28 |
| Tang. Book Value ($M) | ▲ | $31 | +2.98 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +2.78 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 85.86% | +4.44 | 81.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 0.71% | -0.07% | 0.78% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▅▅▇█ | Net Interest Margin (%) | 3.39% | 3.43% | 3.48% | 3.49% | 3.60% | 3.63% | 3.69% | 3.78% |
| ▁▁▃▅▇▆▇█ | Return on Assets (%) | 0.71% | 0.70% | 0.77% | 0.80% | 0.83% | 0.83% | 0.83% | 0.87% |
| ██▄▃▂▃▁▁ | Efficiency Ratio (%) | 72.1% | 71.9% | 70.5% | 70.1% | 69.9% | 70.3% | 69.3% | 69.2% |
| ▅█▇▅▅▃▃▁ | Cost of Funds (%) | 2.27% | 2.45% | 2.35% | 2.24% | 2.24% | 2.12% | 2.13% | 1.97% |
| █▄▁▁▁▁▁▆ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
| █▄▁▁▁▁▁▆ | Net Charge-Off Ratio (%) | 0.02% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
| ▁▅▄▆▇▇██ | Tang. Book Value ($M) | $23 | $27 | $27 | $28 | $29 | $29 | $30 | $31 |
| ▁▂▄▃▃▅▇█ | Gross Loans ($M) | $220 | $227 | $239 | $234 | $235 | $242 | $254 | $260 |
| ▁▁▃▄▂▆▄█ | Total Deposits ($M) | $270 | $272 | $279 | $285 | $278 | $291 | $285 | $301 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 17% |