Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.18 | 0.64% |
| Return on Equity (%) | ▲ | 10.89% | +0.23 | 10.66% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.37 | 3.28% |
| Efficiency Ratio (%) | ▲ | 71.88% | -2.52 | 74.40% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.27 | $1 |
| Cost of Funds (%) | ▲ | 1.16% | -0.18 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $500 | +3.70 | $497 |
| Gross Loans ($M) | ▲ | $330 | +0.68 | $330 |
| Loan Growth YoY (%) | ▲ | 72.90% | +0.71 | 72.19% |
| Total Deposits ($M) | ▼ | $448 | -3.40 | $452 |
| Shareholders Equity ($M) | ▲ | $37 | +7.04 | $30 |
| Tang. Book Value ($M) | ▲ | $37 | +7.04 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +6.98 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 72.90% | +0.71 | 72.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.04 | 0.13% |
| Allowance / Loans (%) | — | 1.05% | -0.02% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.06 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.93% | 2.94% | 3.02% | 3.28% | 3.37% | 3.43% | 3.51% | 3.65% |
| ▂▁▁▃▅▇██ | Return on Assets (%) | 0.57% | 0.56% | 0.53% | 0.64% | 0.70% | 0.77% | 0.82% | 0.81% |
| █▇█▄▃▁▁▂ | Efficiency Ratio (%) | 78.0% | 76.7% | 78.1% | 74.4% | 73.0% | 71.2% | 70.8% | 71.9% |
| █▆▇▅▅▂▂▁ | Cost of Funds (%) | 1.51% | 1.42% | 1.43% | 1.34% | 1.34% | 1.23% | 1.22% | 1.16% |
| ▅▁█▇▄█▁█ | NPA / Assets (%) | 0.10% | 0.01% | 0.15% | 0.13% | 0.08% | 0.15% | 0.03% | 0.16% |
| ▅▁▇▇▄▇▁█ | Net Charge-Off Ratio (%) | 0.15% | 0.01% | 0.22% | 0.19% | 0.11% | 0.22% | 0.04% | 0.25% |
| ▁▄▁▃▃▆██ | Tang. Book Value ($M) | $27 | $31 | $28 | $30 | $31 | $34 | $37 | $37 |
| ▁▁▂▅██▅▅ | Gross Loans ($M) | $321 | $321 | $325 | $330 | $337 | $337 | $331 | $330 |
| ▁▆▃█▅█▄▇ | Total Deposits ($M) | $389 | $433 | $411 | $452 | $424 | $459 | $422 | $448 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 6% |
| Consumer | 11% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 13% |