Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.19 | 0.88% |
| Return on Equity (%) | ▲ | 12.57% | +2.72 | 9.85% |
| Net Interest Margin (%) | ▲ | 3.16% | +0.03 | 3.13% |
| Efficiency Ratio (%) | ▲ | 57.92% | -3.74 | 61.66% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.56 | $2 |
| Cost of Funds (%) | ▼ | 2.33% | +0.05 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $607 | +106.49 | $500 |
| Gross Loans ($M) | ▲ | $450 | +89.14 | $361 |
| Loan Growth YoY (%) | ▲ | 93.66% | +3.03 | 90.63% |
| Total Deposits ($M) | ▲ | $477 | +81.15 | $396 |
| Shareholders Equity ($M) | ▲ | $53 | +10.69 | $43 |
| Tang. Book Value ($M) | ▲ | $53 | +10.69 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +12.21 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 93.66% | +3.03 | 90.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.09 | 0.20% |
| Allowance / Loans (%) | — | 0.74% | 0.13% | 0.61% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.12 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▁▂▁▂▁ | Net Interest Margin (%) | 3.34% | 3.37% | 3.35% | 3.13% | 3.17% | 3.15% | 3.17% | 3.16% |
| ▁▂▂▆▇▇▇█ | Return on Assets (%) | 0.51% | 0.60% | 0.64% | 0.88% | 0.93% | 0.93% | 0.98% | 1.07% |
| █▇▅▂▁▁▁▁ | Efficiency Ratio (%) | 77.1% | 72.8% | 69.5% | 61.7% | 58.2% | 57.6% | 57.7% | 57.9% |
| █▁▄▃▇▆▇▄ | Cost of Funds (%) | 2.57% | 2.14% | 2.33% | 2.28% | 2.51% | 2.43% | 2.48% | 2.33% |
| ▆█▄▃▃▂▁▁ | NPA / Assets (%) | 0.30% | 0.40% | 0.22% | 0.20% | 0.19% | 0.18% | 0.11% | 0.11% |
| ▅█▃▃▃▂▁▁ | Net Charge-Off Ratio (%) | 0.36% | 0.55% | 0.29% | 0.27% | 0.26% | 0.25% | 0.15% | 0.15% |
| ▁▃▃▄▄▅▆█ | Tang. Book Value ($M) | $36 | $42 | $42 | $43 | $44 | $45 | $47 | $53 |
| ▁▁▃▄▄▆▇█ | Gross Loans ($M) | $294 | $303 | $351 | $361 | $368 | $401 | $421 | $450 |
| ▁▂▄▅▅███ | Total Deposits ($M) | $262 | $309 | $343 | $396 | $388 | $458 | $455 | $477 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 9% |