Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.28 | 0.71% |
| Return on Equity (%) | ▲ | 12.25% | +2.96 | 9.29% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.54 | 3.11% |
| Efficiency Ratio (%) | ▲ | 61.88% | -6.03 | 67.91% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.66 | $1 |
| Cost of Funds (%) | ▲ | 1.17% | -0.13 | 1.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $578 | +3.14 | $575 |
| Gross Loans ($M) | ▲ | $274 | +29.39 | $245 |
| Loan Growth YoY (%) | ▲ | 51.29% | +5.76 | 45.53% |
| Total Deposits ($M) | ▼ | $526 | -2.91 | $529 |
| Shareholders Equity ($M) | ▲ | $48 | +4.14 | $43 |
| Tang. Book Value ($M) | ▲ | $48 | +4.14 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +5.56 | $53 |
| Loan / Deposit Ratio (%) | ▲ | 51.29% | +5.76 | 45.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 1.59% | -0.02% | 1.61% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.41% | -1.20 | 16.62% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▅█ | Net Interest Margin (%) | 3.09% | 3.15% | 3.16% | 3.11% | 3.26% | 3.34% | 3.39% | 3.64% |
| ▁▁▁▁▄▅▅█ | Return on Assets (%) | 0.71% | 0.73% | 0.73% | 0.71% | 0.82% | 0.87% | 0.88% | 0.99% |
| ███▇▂▂▁▁ | Efficiency Ratio (%) | 69.9% | 68.8% | 68.9% | 67.9% | 63.1% | 62.2% | 61.0% | 61.9% |
| ▅██▆█▇▃▁ | Cost of Funds (%) | 1.26% | 1.32% | 1.34% | 1.29% | 1.33% | 1.31% | 1.22% | 1.17% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.03% |
| ▁▃▃▄▃▆██ | Tang. Book Value ($M) | $39 | $42 | $42 | $43 | $42 | $45 | $47 | $48 |
| ▁▁▃▂▄▆██ | Gross Loans ($M) | $238 | $242 | $248 | $245 | $253 | $264 | $276 | $274 |
| ▁▁▄▇█▇█▇ | Total Deposits ($M) | $450 | $455 | $492 | $529 | $535 | $528 | $542 | $526 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 12% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 6% |