Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.39 | 1.40% |
| Return on Equity (%) | ▲ | 16.75% | +1.54 | 15.21% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.42 | 3.93% |
| Efficiency Ratio (%) | ▲ | 51.46% | -3.00 | 54.46% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.01 | $1 |
| Cost of Funds (%) | ▲ | 1.83% | -1.17 | 3.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $336 | +186.26 | $150 |
| Gross Loans ($M) | ▲ | $235 | +104.29 | $131 |
| Loan Growth YoY (%) | ▼ | 94.77% | -6.13 | 100.90% |
| Total Deposits ($M) | ▲ | $245 | +116.78 | $128 |
| Shareholders Equity ($M) | ▲ | $35 | +21.43 | $14 |
| Tang. Book Value ($M) | ▲ | $30 | +15.89 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +18.11 | $14 |
| Loan / Deposit Ratio (%) | ▼ | 94.77% | -6.13 | 100.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.33 | 0.00% |
| Allowance / Loans (%) | — | 1.33% | 0.06% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.48 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.19% | +0.43 | 10.76% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▄▃▁▄▃██ | Net Interest Margin (%) | 4.20% | 4.10% | 4.07% | 3.93% | 4.11% | 4.08% | 4.36% | 4.35% |
| ▄▄▁▄▅▁▁█ | Return on Assets (%) | 1.40% | 1.39% | 1.16% | 1.40% | 1.52% | 1.16% | 1.14% | 1.79% |
| ▆▆█▃▂▃▄▁ | Efficiency Ratio (%) | 56.6% | 57.1% | 59.5% | 54.5% | 53.2% | 54.1% | 55.3% | 51.5% |
| ▅███▇▁▂▁ | Cost of Funds (%) | 2.66% | 3.16% | 3.06% | 3.01% | 3.00% | 1.91% | 2.01% | 1.83% |
| ▁▁▁▁▁█▁▃ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.98% | 0.03% | 0.33% |
| ▁▁▁▁▁█▁▃ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.30% | 0.04% | 0.48% |
| ▁▁▁▁▁███ | Tang. Book Value ($M) | $13 | $13 | $13 | $14 | $14 | $28 | $28 | $30 |
| ▁▁▂▂▂███ | Gross Loans ($M) | $108 | $113 | $124 | $131 | $139 | $220 | $235 | $235 |
| ▁▁▁▂▂███ | Total Deposits ($M) | $104 | $115 | $120 | $128 | $131 | $234 | $235 | $245 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 16% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 6% |