Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.42 | 0.77% |
| Return on Equity (%) | ▲ | 12.06% | +3.29 | 8.77% |
| Net Interest Margin (%) | ▲ | 3.79% | +0.81 | 2.98% |
| Efficiency Ratio (%) | ▲ | 49.78% | -8.38 | 58.15% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.10 | $2 |
| Cost of Funds (%) | ▲ | 1.99% | -0.09 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $615 | -35.64 | $650 |
| Gross Loans ($M) | ▲ | $482 | +88.89 | $393 |
| Loan Growth YoY (%) | ▲ | 97.89% | +29.58 | 68.31% |
| Total Deposits ($M) | ▼ | $482 | -81.52 | $564 |
| Shareholders Equity ($M) | ▲ | $66 | +8.03 | $58 |
| Tang. Book Value ($M) | ▲ | $66 | +8.03 | $58 |
| Loan / Deposit Ratio (%) | ▲ | 97.89% | +29.58 | 68.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 2.12% | 0.02% | 2.10% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.15% | -0.72 | 14.87% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▆▄▁▁▂▃█ | Net Interest Margin (%) | 3.38% | 3.50% | 3.32% | 2.98% | 3.03% | 3.13% | 3.22% | 3.79% |
| ██▇▁▁▂▂█ | Return on Assets (%) | 1.20% | 1.25% | 1.15% | 0.77% | 0.76% | 0.87% | 0.87% | 1.19% |
| ▇▆▆█▆▃▃▁ | Efficiency Ratio (%) | 57.0% | 55.3% | 55.4% | 58.2% | 56.0% | 52.9% | 52.7% | 49.8% |
| ▂▅▁█▇▃▆▆ | Cost of Funds (%) | 1.81% | 1.95% | 1.77% | 2.09% | 2.03% | 1.86% | 1.99% | 1.99% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▄▆▇█ | Tang. Book Value ($M) | $53 | $55 | $57 | $58 | $60 | $62 | $64 | $66 |
| ▁▁▁▁▃▃██ | Gross Loans ($M) | $395 | $393 | $397 | $393 | $419 | $423 | $474 | $482 |
| ▁▁▅▅▅█▆▃ | Total Deposits ($M) | $404 | $405 | $558 | $564 | $578 | $707 | $617 | $482 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 16% |