Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.91 | 0.74% |
| Return on Equity (%) | ▲ | 18.89% | +10.30 | 8.59% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.78 | 2.48% |
| Efficiency Ratio (%) | ▲ | 48.73% | -17.13 | 65.85% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.06 | $1 |
| Cost of Funds (%) | ▲ | 2.92% | -0.20 | 3.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $477 | +18.84 | $459 |
| Gross Loans ($M) | ▲ | $435 | +35.46 | $400 |
| Loan Growth YoY (%) | ▲ | 131.50% | +22.72 | 108.78% |
| Total Deposits ($M) | ▼ | $327 | -36.06 | $363 |
| Shareholders Equity ($M) | ▲ | $44 | +4.29 | $39 |
| Tang. Book Value ($M) | ▲ | $44 | +4.29 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +4.58 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 131.50% | +22.72 | 108.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.08 | 0.14% |
| Allowance / Loans (%) | — | 1.13% | -0.02% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.10 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▆█ | Net Interest Margin (%) | 1.97% | 2.03% | 2.13% | 2.48% | 2.57% | 2.72% | 2.81% | 3.25% |
| ▁▁▂▁▂▃▄█ | Return on Assets (%) | 0.64% | 0.64% | 0.80% | 0.74% | 0.81% | 0.91% | 1.02% | 1.65% |
| ██▇▅▅▄▃▁ | Efficiency Ratio (%) | 76.2% | 76.0% | 69.6% | 65.9% | 63.1% | 59.8% | 57.1% | 48.7% |
| ▇█▅▄▂▂▁▂ | Cost of Funds (%) | 3.38% | 3.49% | 3.20% | 3.12% | 2.98% | 2.92% | 2.82% | 2.92% |
| ▁▁▁██▆▆▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.14% | 0.14% | 0.10% | 0.10% | 0.06% |
| ▁▁▁██▆▆▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.17% | 0.16% | 0.12% | 0.11% | 0.07% |
| ▁▂▂▃▄▆▆█ | Tang. Book Value ($M) | $38 | $39 | $39 | $39 | $40 | $42 | $42 | $44 |
| ▁▁▃▃▅▆██ | Gross Loans ($M) | $379 | $383 | $400 | $400 | $412 | $421 | $442 | $435 |
| ▁▇▅█▅▅▅▅ | Total Deposits ($M) | $280 | $350 | $330 | $363 | $327 | $329 | $328 | $327 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 38% |