Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.09% | +0.12 | 1.97% |
| Return on Equity (%) | ▲ | 19.46% | +1.43 | 18.03% |
| Net Interest Margin (%) | ▲ | 4.73% | +0.04 | 4.68% |
| Efficiency Ratio (%) | ▲ | 40.65% | -3.06 | 43.71% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.51 | $2 |
| Cost of Funds (%) | ▲ | 0.79% | -0.18 | 0.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $302 | +51.44 | $251 |
| Gross Loans ($M) | ▲ | $191 | +38.89 | $152 |
| Loan Growth YoY (%) | ▲ | 70.79% | +2.74 | 68.04% |
| Total Deposits ($M) | ▲ | $267 | +45.68 | $221 |
| Shareholders Equity ($M) | ▲ | $33 | +5.70 | $27 |
| Tang. Book Value ($M) | ▲ | $33 | +5.70 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +5.74 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 70.79% | +2.74 | 68.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.06% | 0.05% | 1.01% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▄▁▆██▂ | Net Interest Margin (%) | 4.73% | 4.78% | 4.81% | 4.68% | 4.88% | 4.99% | 4.98% | 4.73% |
| ▆▃▁▆▆███ | Return on Assets (%) | 1.96% | 1.84% | 1.73% | 1.97% | 1.97% | 2.07% | 2.09% | 2.09% |
| █▇█▇▆▃▄▁ | Efficiency Ratio (%) | 44.3% | 43.4% | 44.0% | 43.7% | 43.0% | 41.6% | 42.2% | 40.6% |
| ▅▇█▆▅▃▁▁ | Cost of Funds (%) | 0.92% | 0.97% | 1.04% | 0.96% | 0.92% | 0.86% | 0.77% | 0.79% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $23 | $25 | $26 | $27 | $28 | $30 | $31 | $33 |
| ▁▁▁▁▄▆██ | Gross Loans ($M) | $149 | $152 | $153 | $152 | $168 | $177 | $187 | $191 |
| ▁▂▁▃▃▄██ | Total Deposits ($M) | $196 | $212 | $201 | $221 | $221 | $227 | $260 | $267 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 48% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 6% |