Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.30% | +0.15 | 0.15% |
| Return on Equity (%) | ▲ | 3.19% | +1.37 | 1.82% |
| Net Interest Margin (%) | ▲ | 2.63% | +0.34 | 2.29% |
| Efficiency Ratio (%) | ▲ | 87.24% | -11.96 | 99.20% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.45 | $0 |
| Cost of Funds (%) | ▲ | 2.47% | -0.50 | 2.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $537 | +15.68 | $521 |
| Gross Loans ($M) | ▲ | $408 | +33.52 | $374 |
| Loan Growth YoY (%) | ▲ | 92.49% | +10.81 | 81.68% |
| Total Deposits ($M) | ▼ | $437 | -16.39 | $454 |
| Shareholders Equity ($M) | ▲ | $51 | +5.49 | $45 |
| Tang. Book Value ($M) | ▲ | $51 | +5.49 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +4.73 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 92.49% | +10.81 | 81.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.22% | +1.22 | 0.00% |
| Allowance / Loans (%) | — | 0.85% | -0.17% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 1.61% | +1.61 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.44% | -0.05 | 11.49% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 2.10% | 2.16% | 2.21% | 2.29% | 2.31% | 2.41% | 2.49% | 2.63% |
| ▄▄▁▇▇███ | Return on Assets (%) | -0.27% | -0.37% | -0.82% | 0.15% | 0.16% | 0.23% | 0.26% | 0.30% |
| █▆▅▄▃▂▂▁ | Efficiency Ratio (%) | 116.2% | 108.0% | 103.6% | 99.2% | 95.7% | 93.1% | 91.1% | 87.2% |
| █▇▆▅▄▄▂▁ | Cost of Funds (%) | 3.32% | 3.17% | 3.04% | 2.98% | 2.87% | 2.86% | 2.60% | 2.47% |
| ▁▂▁▁▄▄▃█ | NPA / Assets (%) | 0.00% | 0.28% | 0.00% | 0.00% | 0.47% | 0.48% | 0.41% | 1.22% |
| ▁▂▁▁▄▄▃█ | Net Charge-Off Ratio (%) | 0.00% | 0.40% | 0.00% | 0.00% | 0.65% | 0.64% | 0.54% | 1.61% |
| ▂▃▁▃▄▇██ | Tang. Book Value ($M) | $43 | $45 | $42 | $45 | $46 | $49 | $51 | $51 |
| ▁▂▂▂▅▆▇█ | Gross Loans ($M) | $363 | $372 | $374 | $374 | $388 | $395 | $401 | $408 |
| ▂█▄▄█▄▇▁ | Total Deposits ($M) | $444 | $477 | $455 | $454 | $473 | $453 | $468 | $437 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 25% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 38% |