Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.47% | +0.12 | 0.34% |
| Return on Equity (%) | ▲ | 3.67% | +0.91 | 2.76% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.35 | 2.80% |
| Efficiency Ratio (%) | ▲ | 78.26% | -4.45 | 82.71% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.22 | $0 |
| Cost of Funds (%) | ▲ | 2.31% | -0.34 | 2.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $349 | +30.42 | $319 |
| Gross Loans ($M) | ▲ | $288 | +34.67 | $253 |
| Loan Growth YoY (%) | ▲ | 94.19% | +0.25 | 93.94% |
| Total Deposits ($M) | ▲ | $303 | +35.81 | $267 |
| Shareholders Equity ($M) | ▲ | $44 | +5.07 | $39 |
| Tang. Book Value ($M) | ▲ | $44 | +5.07 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +5.08 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 94.19% | +0.25 | 93.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.10 | 0.00% |
| Allowance / Loans (%) | — | 0.90% | -0.02% | 0.92% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.13 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.89% | -1.13 | 16.02% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆▇█ | Net Interest Margin (%) | 2.23% | 2.34% | 2.46% | 2.80% | 2.83% | 2.90% | 2.96% | 3.15% |
| ▁▂▃▃▃▄█▄ | Return on Assets (%) | -0.14% | 0.06% | 0.22% | 0.34% | 0.35% | 0.37% | 1.19% | 0.47% |
| █▆▄▃▂▁▁▁ | Efficiency Ratio (%) | 95.7% | 89.5% | 84.9% | 82.7% | 81.6% | 80.3% | 78.6% | 78.3% |
| ▆█▆▃▃▃▃▁ | Cost of Funds (%) | 2.98% | 3.22% | 2.96% | 2.65% | 2.63% | 2.64% | 2.55% | 2.31% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.10% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.13% |
| ▁▂▁▂▃▄██ | Tang. Book Value ($M) | $37 | $39 | $38 | $39 | $40 | $40 | $44 | $44 |
| ▁▂▃▄▅▇██ | Gross Loans ($M) | $230 | $240 | $245 | $253 | $263 | $281 | $283 | $288 |
| ▁▂▃▄▅▆▇█ | Total Deposits ($M) | $234 | $246 | $256 | $267 | $270 | $284 | $288 | $303 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 19% |