Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.17 | 1.20% |
| Return on Equity (%) | ▼ | 12.62% | -0.13 | 12.75% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.27 | 3.76% |
| Efficiency Ratio (%) | ▲ | 54.66% | -1.82 | 56.48% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.15 | $2 |
| Cost of Funds (%) | ▲ | 1.62% | -0.35 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $399 | -57.61 | $457 |
| Gross Loans ($M) | ▲ | $315 | +22.46 | $292 |
| Loan Growth YoY (%) | ▲ | 91.77% | +20.57 | 71.19% |
| Total Deposits ($M) | ▼ | $341 | -67.16 | $409 |
| Shareholders Equity ($M) | ▲ | $44 | +5.23 | $39 |
| Tang. Book Value ($M) | ▲ | $44 | +5.23 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 91.77% | +20.57 | 71.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 0.54% | -0.02% | 0.56% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.03 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.33% | +1.41 | 14.92% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▆▆▇██ | Net Interest Margin (%) | 3.22% | 3.13% | 3.10% | 3.76% | 3.78% | 3.89% | 3.98% | 4.04% |
| ▂▁▁▆▇███ | Return on Assets (%) | 0.80% | 0.75% | 0.69% | 1.20% | 1.26% | 1.37% | 1.42% | 1.38% |
| ▇██▂▂▁▁▁ | Efficiency Ratio (%) | 68.7% | 69.7% | 71.4% | 56.5% | 55.4% | 52.6% | 52.3% | 54.7% |
| ▇██▄▁▁▁▁ | Cost of Funds (%) | 2.29% | 2.45% | 2.51% | 1.97% | 1.70% | 1.58% | 1.63% | 1.62% |
| ▃▃▂▂█▁▁▁ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.02% | 0.12% | 0.00% | 0.00% | 0.00% |
| ▂▂▂▂█▁▁▁ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.03% | 0.03% | 0.17% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▂▄▆▇█ | Tang. Book Value ($M) | $37 | $38 | $38 | $39 | $40 | $42 | $43 | $44 |
| ▁▁▄▅▅▆██ | Gross Loans ($M) | $268 | $274 | $287 | $292 | $296 | $300 | $314 | $315 |
| ▁▁▂█▇▇▅▄ | Total Deposits ($M) | $277 | $291 | $298 | $409 | $386 | $380 | $350 | $341 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 11% |