Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.65% | +0.23 | 0.42% |
| Return on Equity (%) | ▲ | 7.38% | +2.41 | 4.97% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.47 | 2.88% |
| Efficiency Ratio (%) | ▲ | 72.01% | -6.47 | 78.49% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.32 | $1 |
| Cost of Funds (%) | ▲ | 2.23% | -0.25 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $346 | +26.63 | $319 |
| Gross Loans ($M) | ▲ | $278 | +26.67 | $252 |
| Loan Growth YoY (%) | ▲ | 91.56% | +5.74 | 85.82% |
| Total Deposits ($M) | ▲ | $302 | +10.54 | $291 |
| Shareholders Equity ($M) | ▲ | $30 | +2.99 | $27 |
| Tang. Book Value ($M) | ▲ | $30 | +2.99 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +2.90 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 91.56% | +5.74 | 85.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.78% | +0.59 | 0.18% |
| Allowance / Loans (%) | — | 0.68% | 0.05% | 0.63% |
| Net Charge-Off Ratio (%) | ▼ | 0.95% | +0.79 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.72% | 2.70% | 2.74% | 2.88% | 2.99% | 3.07% | 3.15% | 3.34% |
| ▁▁▂▄▆▇██ | Return on Assets (%) | 0.22% | 0.27% | 0.32% | 0.42% | 0.51% | 0.59% | 0.66% | 0.65% |
| ██▇▄▃▂▁▁ | Efficiency Ratio (%) | 87.6% | 86.1% | 83.5% | 78.5% | 76.2% | 73.6% | 71.0% | 72.0% |
| ▆▇█▆▇▇▅▁ | Cost of Funds (%) | 2.47% | 2.52% | 2.60% | 2.48% | 2.51% | 2.55% | 2.42% | 2.23% |
| ▃▃▃▁█▁▁█ | NPA / Assets (%) | 0.35% | 0.32% | 0.31% | 0.18% | 0.86% | 0.13% | 0.12% | 0.78% |
| ▁▁▁▁█▁▁█ | Net Charge-Off Ratio (%) | 0.14% | 0.13% | 0.12% | 0.15% | 1.02% | 0.06% | 0.06% | 0.95% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $26 | $27 | $26 | $27 | $27 | $28 | $29 | $30 |
| ▁▃▃▄▅▅▆█ | Gross Loans ($M) | $229 | $241 | $244 | $252 | $257 | $259 | $263 | $278 |
| ▁▂▅▆▇▆██ | Total Deposits ($M) | $264 | $272 | $285 | $291 | $297 | $292 | $302 | $302 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 32% |