Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.55 | 0.65% |
| Return on Equity (%) | ▲ | 13.04% | +5.16 | 7.88% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.51 | 3.79% |
| Efficiency Ratio (%) | ▲ | 62.68% | -6.67 | 69.35% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.89 | $1 |
| Cost of Funds (%) | ▲ | 0.70% | -0.28 | 0.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $460 | +58.61 | $401 |
| Gross Loans ($M) | ▲ | $203 | +26.87 | $176 |
| Loan Growth YoY (%) | ▲ | 48.36% | +1.34 | 47.02% |
| Total Deposits ($M) | ▲ | $414 | +44.80 | $369 |
| Shareholders Equity ($M) | ▲ | $42 | +12.73 | $29 |
| Tang. Book Value ($M) | ▲ | $42 | +12.64 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +12.59 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 48.36% | +1.34 | 47.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.22 | 0.11% |
| Allowance / Loans (%) | — | 1.54% | -0.09% | 1.63% |
| Net Charge-Off Ratio (%) | ▼ | 0.75% | +0.50 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.14% | +3.86 | 16.28% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▁▄▇██ | Net Interest Margin (%) | 3.72% | 3.88% | 3.92% | 3.79% | 3.96% | 4.19% | 4.33% | 4.30% |
| ▁▂▂▁▄▆▇█ | Return on Assets (%) | 0.70% | 0.75% | 0.77% | 0.65% | 0.93% | 1.04% | 1.12% | 1.20% |
| ███▆▃▁▁▁ | Efficiency Ratio (%) | 72.8% | 72.2% | 72.7% | 69.4% | 65.7% | 63.8% | 63.2% | 62.7% |
| ██▆▃▄▂▁▁ | Cost of Funds (%) | 1.73% | 1.61% | 1.36% | 0.99% | 1.10% | 0.90% | 0.80% | 0.70% |
| ▁▁▃▂█▇▇▆ | NPA / Assets (%) | 0.00% | 0.00% | 0.16% | 0.11% | 0.48% | 0.41% | 0.36% | 0.33% |
| ▁▁▃▂██▇▆ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.26% | 0.25% | 1.04% | 0.93% | 0.79% | 0.75% |
| ▁▁▁▂▂▇██ | Tang. Book Value ($M) | $27 | $28 | $28 | $29 | $30 | $39 | $40 | $42 |
| ▁▁▂▃▃▆▇█ | Gross Loans ($M) | $165 | $168 | $172 | $176 | $177 | $191 | $197 | $203 |
| ▁▁▁▆▅█▇█ | Total Deposits ($M) | $261 | $258 | $256 | $369 | $353 | $398 | $388 | $414 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 62% |
| Interest-Bearing (core) | 36% |
| Brokered / Other | 2% |