Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.05% | -0.25 | 1.30% |
| Return on Equity (%) | ▼ | 11.36% | -2.61 | 13.97% |
| Net Interest Margin (%) | ▼ | 4.31% | -0.03 | 4.34% |
| Efficiency Ratio (%) | ▼ | 65.90% | +4.90 | 61.00% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.05 | $2 |
| Cost of Funds (%) | ▼ | 1.64% | +0.09 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $526 | +70.61 | $455 |
| Gross Loans ($M) | ▲ | $347 | +50.86 | $296 |
| Loan Growth YoY (%) | ▲ | 72.06% | +0.82 | 71.25% |
| Total Deposits ($M) | ▲ | $475 | +64.78 | $411 |
| Shareholders Equity ($M) | ▲ | $48 | +5.27 | $43 |
| Tang. Book Value ($M) | ▲ | $48 | +5.27 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +5.67 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 72.06% | +0.82 | 71.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.04 | 0.05% |
| Allowance / Loans (%) | — | 1.33% | 0.05% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.06 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃█▆█▂ | Net Interest Margin (%) | 4.28% | 4.25% | 4.31% | 4.34% | 4.54% | 4.45% | 4.54% | 4.31% |
| ▄▁▃███▇▁ | Return on Assets (%) | 1.16% | 1.08% | 1.11% | 1.30% | 1.30% | 1.27% | 1.25% | 1.05% |
| ▆██▁▁▁▃█ | Efficiency Ratio (%) | 64.6% | 66.1% | 66.2% | 61.0% | 61.1% | 61.4% | 62.9% | 65.9% |
| ▆█▄▁▂▁▆▃ | Cost of Funds (%) | 1.74% | 1.84% | 1.68% | 1.55% | 1.57% | 1.52% | 1.75% | 1.64% |
| ▁▁▁▁▁█▁▁ | NPA / Assets (%) | 0.06% | 0.07% | 0.05% | 0.05% | 0.04% | 0.84% | 0.09% | 0.09% |
| ▁▁▁▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.08% | 0.10% | 0.07% | 0.07% | 0.06% | 1.30% | 0.13% | 0.13% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $38 | $40 | $41 | $43 | $44 | $45 | $47 | $48 |
| ▁▂▂▃▅▆██ | Gross Loans ($M) | $276 | $290 | $289 | $296 | $314 | $322 | $342 | $347 |
| ▁▁▃▄▄▇▇█ | Total Deposits ($M) | $367 | $375 | $400 | $411 | $413 | $449 | $453 | $475 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 11% |