Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.32 | 0.59% |
| Return on Equity (%) | ▲ | 12.18% | +2.98 | 9.20% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.53 | 2.91% |
| Efficiency Ratio (%) | ▲ | 66.39% | -8.49 | 74.88% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.19 | $0 |
| Cost of Funds (%) | ▲ | 0.16% | -0.06 | 0.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $152 | +9.00 | $143 |
| Gross Loans ($M) | ▲ | $64 | +4.88 | $59 |
| Loan Growth YoY (%) | ▲ | 45.40% | +1.36 | 44.04% |
| Total Deposits ($M) | ▲ | $140 | +6.76 | $133 |
| Shareholders Equity ($M) | ▲ | $12 | +2.16 | $9 |
| Tang. Book Value ($M) | ▲ | $12 | +2.16 | $9 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +2.22 | $13 |
| Loan / Deposit Ratio (%) | ▲ | 45.40% | +1.36 | 44.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.13 | 0.05% |
| Allowance / Loans (%) | — | 0.63% | -0.04% | 0.68% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.31 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.77% | -0.29 | 23.07% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▄▅▅█ | Net Interest Margin (%) | 2.80% | 2.84% | 2.89% | 2.91% | 3.08% | 3.13% | 3.17% | 3.44% |
| ▁▁▁▁▅▆▆█ | Return on Assets (%) | 0.60% | 0.60% | 0.59% | 0.59% | 0.78% | 0.79% | 0.82% | 0.90% |
| ▆▆██▂▂▁▁ | Efficiency Ratio (%) | 72.6% | 72.7% | 73.9% | 74.9% | 67.9% | 67.8% | 67.3% | 66.4% |
| ▇▇█▆▆▆▄▁ | Cost of Funds (%) | 0.23% | 0.23% | 0.25% | 0.23% | 0.22% | 0.22% | 0.20% | 0.16% |
| ▁▁█▁▂█▇█ | NPA / Assets (%) | 0.04% | 0.05% | 0.19% | 0.05% | 0.08% | 0.19% | 0.15% | 0.18% |
| ▁▁█▁▃█▇█ | Net Charge-Off Ratio (%) | 0.10% | 0.12% | 0.43% | 0.11% | 0.19% | 0.45% | 0.37% | 0.42% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $8 | $9 | $8 | $9 | $10 | $11 | $11 | $12 |
| ▃▁▁▁▂▄▇█ | Gross Loans ($M) | $60 | $59 | $58 | $59 | $60 | $60 | $63 | $64 |
| ▅▄▁▄▆▄▇█ | Total Deposits ($M) | $135 | $134 | $128 | $133 | $136 | $134 | $137 | $140 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 46% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 1% |