Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.08 | 1.27% |
| Return on Equity (%) | ▼ | 18.54% | -0.46 | 19.00% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.36 | 3.20% |
| Efficiency Ratio (%) | ▼ | 56.75% | +6.80 | 49.95% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.55 | $2 |
| Cost of Funds (%) | ▲ | 2.58% | -0.04 | 2.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $542 | +110.17 | $432 |
| Gross Loans ($M) | ▲ | $420 | +121.45 | $298 |
| Loan Growth YoY (%) | ▲ | 86.85% | +7.66 | 79.20% |
| Total Deposits ($M) | ▲ | $478 | +105.34 | $373 |
| Shareholders Equity ($M) | ▲ | $40 | +9.55 | $30 |
| Tang. Book Value ($M) | ▲ | $37 | +10.01 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +9.58 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 86.85% | +7.66 | 79.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.35 | 0.12% |
| Allowance / Loans (%) | — | 1.06% | 0.04% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.62% | +0.53 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.66% | +0.09 | 10.57% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▁▁▂▂▅ | Net Interest Margin (%) | 3.84% | 3.88% | 3.24% | 3.20% | 3.24% | 3.29% | 3.30% | 3.56% |
| ▆▆▁█▆▆▆█ | Return on Assets (%) | 1.02% | 0.99% | 0.37% | 1.27% | 1.06% | 1.09% | 1.04% | 1.36% |
| ▄▅█▁▂▂▃▂ | Efficiency Ratio (%) | 64.9% | 66.6% | 81.2% | 50.0% | 55.1% | 57.3% | 58.2% | 56.8% |
| ▁▁█▁▁▂▁▁ | Cost of Funds (%) | 2.19% | 2.40% | 6.76% | 2.62% | 2.66% | 2.82% | 2.61% | 2.58% |
| ▂▁▁▂▃▁▂█ | NPA / Assets (%) | 0.13% | 0.05% | 0.05% | 0.12% | 0.16% | 0.03% | 0.09% | 0.48% |
| ▃▁▁▁▃▁▂█ | Net Charge-Off Ratio (%) | 0.19% | 0.07% | 0.07% | 0.09% | 0.19% | 0.04% | 0.13% | 0.62% |
| ▁▁▄▅▇███ | Tang. Book Value ($M) | $12 | $13 | $22 | $27 | $31 | $35 | $36 | $37 |
| ▁▁▅▅▆▇██ | Gross Loans ($M) | $117 | $119 | $284 | $298 | $329 | $358 | $400 | $420 |
| ▁▁▅▆▇▇██ | Total Deposits ($M) | $144 | $155 | $354 | $373 | $412 | $428 | $480 | $478 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 7% |