Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.30 | 0.71% |
| Return on Equity (%) | ▲ | 8.38% | +1.54 | 6.84% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.09 | 3.90% |
| Efficiency Ratio (%) | ▲ | 64.93% | -11.18 | 76.11% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.53 | $1 |
| Cost of Funds (%) | ▼ | 2.26% | +0.06 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $316 | +66.65 | $249 |
| Gross Loans ($M) | ▲ | $226 | +51.29 | $175 |
| Loan Growth YoY (%) | ▲ | 88.24% | +9.88 | 78.36% |
| Total Deposits ($M) | ▲ | $253 | +33.08 | $220 |
| Shareholders Equity ($M) | ▲ | $37 | +12.40 | $25 |
| Tang. Book Value ($M) | ▲ | $37 | +12.43 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +13.59 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 88.24% | +9.88 | 78.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.18 | 0.00% |
| Allowance / Loans (%) | — | 1.26% | -0.16% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.24 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.22% | +1.14 | 14.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▅▅▁▅██▃ | Net Interest Margin (%) | 4.16% | 4.04% | 4.04% | 3.90% | 4.06% | 4.15% | 4.16% | 3.99% |
| ▇▇▇▁▂▅██ | Return on Assets (%) | 0.97% | 0.94% | 0.97% | 0.71% | 0.77% | 0.87% | 0.99% | 1.00% |
| ▇▇▆█▆▄▂▁ | Efficiency Ratio (%) | 74.4% | 73.6% | 72.6% | 76.1% | 72.6% | 69.9% | 67.7% | 64.9% |
| ██▃▁▁▂▃▁ | Cost of Funds (%) | 2.69% | 2.70% | 2.38% | 2.20% | 2.24% | 2.30% | 2.34% | 2.26% |
| ▁▁▁▁████ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.20% | 0.18% | 0.18% |
| ▁▁▁▁▇███ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.22% | 0.26% | 0.24% | 0.24% |
| ▁▁▁▁▂▇██ | Tang. Book Value ($M) | $23 | $24 | $24 | $25 | $25 | $36 | $37 | $37 |
| ▁▁▁▂▅▇██ | Gross Loans ($M) | $167 | $164 | $169 | $175 | $201 | $215 | $229 | $226 |
| ▁▁▁▄▂▃▆█ | Total Deposits ($M) | $200 | $204 | $201 | $220 | $209 | $219 | $239 | $253 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 16% |