Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.36 | 1.12% |
| Return on Equity (%) | ▲ | 14.27% | +3.42 | 10.85% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.29 | 3.47% |
| Efficiency Ratio (%) | ▲ | 45.30% | -7.72 | 53.02% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.35 | $1 |
| Cost of Funds (%) | ▲ | 1.67% | -0.05 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $247 | +32.33 | $214 |
| Gross Loans ($M) | ▲ | $152 | +15.26 | $137 |
| Loan Growth YoY (%) | ▼ | 73.25% | -0.63 | 73.88% |
| Total Deposits ($M) | ▲ | $205 | +21.64 | $183 |
| Shareholders Equity ($M) | ▲ | $25 | +2.28 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +2.28 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +2.23 | $25 |
| Loan / Deposit Ratio (%) | ▼ | 73.25% | -0.63 | 73.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.77% | +0.77 | 0.00% |
| Allowance / Loans (%) | — | 1.33% | 0.26% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 1.25% | +1.25 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇██ | Net Interest Margin (%) | 2.85% | 2.95% | 3.07% | 3.47% | 3.58% | 3.64% | 3.67% | 3.77% |
| ▁▁▂▅▆▇▅█ | Return on Assets (%) | 0.72% | 0.75% | 0.86% | 1.12% | 1.25% | 1.31% | 1.16% | 1.48% |
| █▇▆▄▃▂▃▁ | Efficiency Ratio (%) | 64.2% | 61.5% | 58.0% | 53.0% | 50.8% | 48.9% | 50.2% | 45.3% |
| ██▇▂▄▅▂▁ | Cost of Funds (%) | 1.91% | 1.94% | 1.90% | 1.72% | 1.79% | 1.80% | 1.73% | 1.67% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.85% | 0.77% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.29% | 1.25% |
| ▁▄▁▄▆█▇█ | Tang. Book Value ($M) | $21 | $23 | $21 | $23 | $23 | $25 | $24 | $25 |
| ▁▃▄▅▆███ | Gross Loans ($M) | $117 | $130 | $132 | $137 | $142 | $148 | $149 | $152 |
| ▁▁▂▅▄▆▆█ | Total Deposits ($M) | $161 | $164 | $169 | $183 | $180 | $191 | $192 | $205 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 24% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 14% |