Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.24 | 0.64% |
| Return on Equity (%) | ▲ | 16.48% | +0.20 | 16.28% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.60 | 2.61% |
| Efficiency Ratio (%) | ▲ | 69.39% | -2.99 | 72.38% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.30 | $1 |
| Cost of Funds (%) | ▲ | 2.61% | -0.21 | 2.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $407 | +21.61 | $385 |
| Gross Loans ($M) | ▲ | $268 | +63.88 | $204 |
| Loan Growth YoY (%) | ▲ | 73.09% | +10.73 | 62.36% |
| Total Deposits ($M) | ▲ | $363 | +38.97 | $324 |
| Shareholders Equity ($M) | ▲ | $21 | +5.06 | $16 |
| Tang. Book Value ($M) | ▲ | $21 | +5.06 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +2.84 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 73.09% | +10.73 | 62.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.07 | 0.43% |
| Allowance / Loans (%) | — | 1.02% | -0.03% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.58% | -0.24 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.23% | 2.27% | 2.33% | 2.61% | 2.75% | 2.90% | 2.96% | 3.21% |
| ▁▁▁▃█▄▃▆ | Return on Assets (%) | 0.44% | 0.47% | 0.52% | 0.64% | 1.13% | 0.77% | 0.69% | 0.88% |
| ███▆▁▂▃▅ | Efficiency Ratio (%) | 80.7% | 79.6% | 77.7% | 72.4% | 54.2% | 59.4% | 61.1% | 69.4% |
| ▆█▇▄▆▂▁▁ | Cost of Funds (%) | 2.94% | 3.08% | 2.97% | 2.82% | 2.93% | 2.71% | 2.63% | 2.61% |
| ▁▂▃▃▃█▃▄ | NPA / Assets (%) | 0.22% | 0.33% | 0.42% | 0.43% | 0.50% | 0.96% | 0.48% | 0.50% |
| ▁▂▄▄▄█▁▁ | Net Charge-Off Ratio (%) | 0.47% | 0.67% | 0.83% | 0.81% | 0.85% | 1.36% | 0.55% | 0.58% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $12 | $16 | $14 | $16 | $17 | $20 | $22 | $21 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $176 | $184 | $189 | $204 | $216 | $236 | $250 | $268 |
| ▁▁▁▂▄▅▆█ | Total Deposits ($M) | $317 | $321 | $320 | $324 | $335 | $343 | $347 | $363 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 16% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 32% |