Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.04% | -0.45 | 1.49% |
| Return on Equity (%) | ▼ | 10.75% | -5.88 | 16.63% |
| Net Interest Margin (%) | ▲ | 4.37% | +0.61 | 3.76% |
| Efficiency Ratio (%) | ▲ | 65.49% | -10.28 | 75.77% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.51 | $2 |
| Cost of Funds (%) | ▲ | 2.05% | -0.30 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $841 | +115.60 | $725 |
| Gross Loans ($M) | ▲ | $703 | +92.12 | $611 |
| Loan Growth YoY (%) | ▼ | 98.13% | -0.24 | 98.37% |
| Total Deposits ($M) | ▲ | $708 | +94.12 | $614 |
| Shareholders Equity ($M) | ▲ | $79 | +13.25 | $66 |
| Tang. Book Value ($M) | ▲ | $79 | +13.25 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +14.07 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 98.13% | -0.24 | 98.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.18 | 0.04% |
| Allowance / Loans (%) | — | 1.15% | 0.03% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.27 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂█▇▃ | Net Interest Margin (%) | 3.88% | 3.90% | 3.90% | 3.76% | 4.31% | 6.03% | 5.56% | 4.37% |
| ▁▁▁▄▄█▇▂ | Return on Assets (%) | 0.63% | 0.72% | 0.85% | 1.49% | 1.33% | 2.44% | 2.05% | 1.04% |
| ████▄▃▁▄ | Efficiency Ratio (%) | 78.2% | 76.8% | 75.6% | 75.8% | 65.9% | 63.0% | 54.1% | 65.5% |
| ██▆▇▆▆▂▁ | Cost of Funds (%) | 2.46% | 2.46% | 2.32% | 2.36% | 2.32% | 2.31% | 2.12% | 2.05% |
| ▁▁▁▁▇█▆▅ | NPA / Assets (%) | 0.06% | 0.04% | 0.04% | 0.04% | 0.29% | 0.36% | 0.26% | 0.22% |
| ▁▁▁▁▇█▆▆ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.31% | 0.39% | 0.27% | 0.27% |
| ▁▂▃▄▄███ | Tang. Book Value ($M) | $57 | $60 | $63 | $66 | $68 | $77 | $79 | $79 |
| ▁▁▁▂▄▃▇█ | Gross Loans ($M) | $586 | $581 | $586 | $611 | $629 | $620 | $673 | $703 |
| ▁▂▃▄▄▄██ | Total Deposits ($M) | $548 | $583 | $602 | $614 | $619 | $625 | $689 | $708 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 28% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 32% |