Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.32 | 0.88% |
| Return on Equity (%) | ▲ | 14.82% | +2.52 | 12.30% |
| Net Interest Margin (%) | ▲ | 4.26% | +0.92 | 3.35% |
| Efficiency Ratio (%) | ▲ | 67.84% | -2.78 | 70.63% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $1 |
| Cost of Funds (%) | ▲ | 1.61% | -0.39 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $240 | +11.49 | $228 |
| Gross Loans ($M) | ▲ | $163 | +7.59 | $155 |
| Loan Growth YoY (%) | ▲ | 78.98% | +1.60 | 77.39% |
| Total Deposits ($M) | ▲ | $204 | +5.71 | $198 |
| Shareholders Equity ($M) | ▲ | $19 | +2.52 | $17 |
| Tang. Book Value ($M) | ▲ | $19 | +2.54 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +2.92 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 78.98% | +1.60 | 77.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.24 | 0.41% |
| Allowance / Loans (%) | — | 1.03% | -0.10% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.36 | 0.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▃▄▄█ | Net Interest Margin (%) | 3.17% | 3.26% | 3.33% | 3.35% | 3.53% | 3.61% | 3.66% | 4.26% |
| ▁▃▄▄▅▅▃█ | Return on Assets (%) | 0.64% | 0.79% | 0.86% | 0.88% | 0.93% | 0.93% | 0.81% | 1.19% |
| █▅▄▃▁▃▆▁ | Efficiency Ratio (%) | 76.8% | 72.7% | 71.4% | 70.6% | 68.4% | 70.5% | 74.1% | 67.8% |
| ████▇▅▃▁ | Cost of Funds (%) | 2.02% | 2.02% | 2.03% | 2.00% | 1.93% | 1.85% | 1.75% | 1.61% |
| ▃██▇█▅▁▁ | NPA / Assets (%) | 0.25% | 0.45% | 0.42% | 0.41% | 0.43% | 0.31% | 0.18% | 0.16% |
| ▃████▄▁▁ | Net Charge-Off Ratio (%) | 0.35% | 0.64% | 0.62% | 0.60% | 0.62% | 0.43% | 0.27% | 0.24% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $14 | $16 | $15 | $16 | $17 | $18 | $18 | $19 |
| ▁▁▂▄▅▅▅█ | Gross Loans ($M) | $150 | $151 | $152 | $155 | $156 | $157 | $157 | $163 |
| ▁▄▆▇▅▄▇█ | Total Deposits ($M) | $178 | $188 | $196 | $198 | $194 | $189 | $200 | $204 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 7% |