Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.94% | +0.27 | 0.66% |
| Return on Equity (%) | ▲ | 11.73% | +2.73 | 9.00% |
| Net Interest Margin (%) | ▲ | 4.13% | +0.49 | 3.64% |
| Efficiency Ratio (%) | ▲ | 69.13% | -7.69 | 76.82% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.36 | $1 |
| Cost of Funds (%) | ▲ | 1.16% | -0.25 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $304 | +33.69 | $271 |
| Gross Loans ($M) | ▲ | $218 | +24.50 | $193 |
| Loan Growth YoY (%) | ▲ | 77.52% | +0.32 | 77.19% |
| Total Deposits ($M) | ▲ | $279 | +30.45 | $249 |
| Shareholders Equity ($M) | ▲ | $24 | +3.29 | $20 |
| Tang. Book Value ($M) | ▲ | $21 | +3.42 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +2.78 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 77.52% | +0.32 | 77.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.24 | 0.33% |
| Allowance / Loans (%) | — | 0.66% | -0.04% | 0.70% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.34 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.08% | -0.08 | 13.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 2.90% | 2.94% | 3.09% | 3.64% | 3.78% | 3.86% | 3.95% | 4.13% |
| ▁▁▄▅▆███ | Return on Assets (%) | 0.32% | 0.38% | 0.56% | 0.66% | 0.76% | 0.89% | 0.91% | 0.94% |
| ██▅▄▃▁▁▁ | Efficiency Ratio (%) | 86.8% | 85.1% | 79.4% | 76.8% | 74.2% | 70.7% | 70.2% | 69.1% |
| ▇█▅▄▄▅▃▁ | Cost of Funds (%) | 1.61% | 1.74% | 1.45% | 1.41% | 1.44% | 1.47% | 1.34% | 1.16% |
| ▁▄▇█▁▁▂▁ | NPA / Assets (%) | 0.09% | 0.21% | 0.28% | 0.33% | 0.12% | 0.10% | 0.13% | 0.10% |
| ▁▄▇█▁▁▂▁ | Net Charge-Off Ratio (%) | 0.13% | 0.29% | 0.40% | 0.47% | 0.16% | 0.13% | 0.17% | 0.13% |
| ▁▂▅▆▆███ | Tang. Book Value ($M) | $11 | $12 | $17 | $18 | $19 | $20 | $21 | $21 |
| ▁▁▄▅▆▆▇█ | Gross Loans ($M) | $156 | $162 | $187 | $193 | $198 | $201 | $210 | $218 |
| ▁▂▅▅▆▆▆█ | Total Deposits ($M) | $208 | $217 | $245 | $249 | $253 | $257 | $255 | $279 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 4% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 12% |