Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.90% | +0.18 | 1.72% |
| Return on Equity (%) | ▼ | 34.76% | -11.71 | 46.47% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.28 | 3.28% |
| Efficiency Ratio (%) | ▲ | 49.58% | -0.75 | 50.34% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.42 | $2 |
| Cost of Funds (%) | ▲ | 1.82% | -0.11 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $526 | +34.53 | $492 |
| Gross Loans ($M) | ▲ | $226 | +35.68 | $191 |
| Loan Growth YoY (%) | ▲ | 54.21% | +4.95 | 49.26% |
| Total Deposits ($M) | ▲ | $413 | +30.68 | $383 |
| Shareholders Equity ($M) | ▲ | $27 | +8.19 | $19 |
| Tang. Book Value ($M) | ▲ | $27 | +8.19 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +7.83 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 54.21% | +4.95 | 49.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.79% | -0.13 | 0.92% |
| Allowance / Loans (%) | — | 1.02% | -0.13% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 1.84% | -0.53 | 2.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▂▃▃▄ | Net Interest Margin (%) | 3.84% | 3.80% | 3.72% | 3.28% | 3.42% | 3.44% | 3.45% | 3.56% |
| ██▆▁▂▂▁▃ | Return on Assets (%) | 2.27% | 2.20% | 2.12% | 1.72% | 1.81% | 1.83% | 1.78% | 1.90% |
| ▁▁▃█████ | Efficiency Ratio (%) | 43.5% | 44.3% | 45.4% | 50.3% | 49.8% | 49.5% | 50.2% | 49.6% |
| ▁▅▇▆▆██▃ | Cost of Funds (%) | 1.70% | 1.89% | 1.98% | 1.93% | 1.96% | 2.05% | 2.07% | 1.82% |
| ▁▅▅▆▆██▅ | NPA / Assets (%) | 0.38% | 0.77% | 0.85% | 0.92% | 0.89% | 1.10% | 1.13% | 0.79% |
| ▁▅▆▇▆██▅ | Net Charge-Off Ratio (%) | 1.01% | 1.90% | 2.11% | 2.37% | 2.16% | 2.58% | 2.50% | 1.84% |
| ▁▆▁▃▁▆██ | Tang. Book Value ($M) | $16 | $24 | $17 | $19 | $16 | $25 | $28 | $27 |
| ▁▂▂▂▄▆██ | Gross Loans ($M) | $180 | $186 | $187 | $191 | $200 | $211 | $221 | $226 |
| ▄▁▃▅▆▆▅█ | Total Deposits ($M) | $363 | $331 | $360 | $383 | $385 | $387 | $372 | $413 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 29% |
| Brokered / Other | 30% |