Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.21% | -0.01 | 1.21% |
| Return on Equity (%) | ▲ | 9.25% | +0.18 | 9.07% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.08 | 4.10% |
| Efficiency Ratio (%) | ▲ | 59.75% | -0.39 | 60.14% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.20 | $2 |
| Cost of Funds (%) | ▲ | 2.13% | -0.31 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $430 | +58.43 | $371 |
| Gross Loans ($M) | ▲ | $358 | +61.86 | $297 |
| Loan Growth YoY (%) | ▲ | 96.15% | +3.28 | 92.87% |
| Total Deposits ($M) | ▲ | $368 | +52.70 | $315 |
| Shareholders Equity ($M) | ▲ | $55 | +5.49 | $50 |
| Tang. Book Value ($M) | ▲ | $55 | +5.49 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 96.15% | +3.28 | 92.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.26% | 0.03% | 1.23% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.56% | -0.63 | 15.19% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▄▇▇█▆ | Net Interest Margin (%) | 3.95% | 4.02% | 4.08% | 4.10% | 4.21% | 4.22% | 4.26% | 4.18% |
| ▁▃▅█████ | Return on Assets (%) | 0.73% | 0.89% | 1.01% | 1.21% | 1.18% | 1.20% | 1.20% | 1.21% |
| █▆▄▂▃▁▁▂ | Efficiency Ratio (%) | 66.2% | 64.0% | 62.4% | 60.1% | 60.8% | 59.1% | 58.7% | 59.7% |
| ▅█▇▃▃▁▃▁ | Cost of Funds (%) | 2.66% | 2.98% | 2.78% | 2.44% | 2.39% | 2.17% | 2.39% | 2.13% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $46 | $47 | $48 | $50 | $51 | $52 | $54 | $55 |
| ▁▃▂▂▃▅▇█ | Gross Loans ($M) | $276 | $302 | $288 | $297 | $302 | $327 | $339 | $358 |
| ▁▃▂▃▁▇▆█ | Total Deposits ($M) | $292 | $315 | $308 | $315 | $299 | $358 | $347 | $368 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 33% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 26% |