Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.17% | +0.31 | 1.86% |
| Return on Equity (%) | ▲ | 20.32% | +3.37 | 16.95% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.20 | 4.03% |
| Efficiency Ratio (%) | ▲ | 35.16% | -5.96 | 41.12% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.20 | $3 |
| Cost of Funds (%) | ▲ | 1.53% | -0.07 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $623 | +101.04 | $522 |
| Gross Loans ($M) | ▲ | $531 | +95.62 | $435 |
| Loan Growth YoY (%) | ▲ | 95.62% | +1.44 | 94.18% |
| Total Deposits ($M) | ▲ | $550 | +92.17 | $457 |
| Shareholders Equity ($M) | ▲ | $66 | +8.19 | $58 |
| Tang. Book Value ($M) | ▲ | $66 | +8.19 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +8.15 | $59 |
| Loan / Deposit Ratio (%) | ▲ | 95.62% | +1.44 | 94.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.95% | -0.00% | 0.95% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.71% | -0.80 | 13.51% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▅▆███ | Net Interest Margin (%) | 3.79% | 3.91% | 3.95% | 4.03% | 4.10% | 4.20% | 4.23% | 4.23% |
| ▁▂▂▆▆▆▇█ | Return on Assets (%) | 1.23% | 1.36% | 1.45% | 1.86% | 1.87% | 1.93% | 1.99% | 2.17% |
| ██▇▃▃▂▁▁ | Efficiency Ratio (%) | 53.9% | 52.0% | 50.5% | 41.1% | 39.9% | 38.3% | 37.1% | 35.2% |
| ██▆▃▁▁▂▁ | Cost of Funds (%) | 1.76% | 1.75% | 1.70% | 1.60% | 1.52% | 1.54% | 1.58% | 1.53% |
| █▆▁▁▁▁▁▁ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▆▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $52 | $54 | $55 | $58 | $59 | $63 | $65 | $66 |
| ▁▁▃▃▅▇██ | Gross Loans ($M) | $391 | $404 | $433 | $435 | $462 | $496 | $522 | $531 |
| ▁▂▂▃▄▆██ | Total Deposits ($M) | $404 | $424 | $441 | $457 | $468 | $498 | $534 | $550 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 16% |