Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.27 | 0.56% |
| Return on Equity (%) | ▲ | 12.83% | +2.87 | 9.96% |
| Net Interest Margin (%) | ▲ | 3.30% | +0.55 | 2.75% |
| Efficiency Ratio (%) | ▲ | 68.07% | -7.27 | 75.34% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.61 | $1 |
| Cost of Funds (%) | ▲ | 1.65% | -0.32 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $578 | +33.25 | $544 |
| Gross Loans ($M) | ▲ | $411 | +23.80 | $387 |
| Loan Growth YoY (%) | ▼ | 75.86% | -0.30 | 76.16% |
| Total Deposits ($M) | ▲ | $536 | +32.78 | $503 |
| Shareholders Equity ($M) | ▲ | $37 | +6.20 | $31 |
| Tang. Book Value ($M) | ▲ | $37 | +6.20 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +6.00 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 75.86% | -0.30 | 76.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.04 | 0.01% |
| Allowance / Loans (%) | — | 1.10% | 0.05% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.08% | +0.06 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.55% | +0.24 | 12.31% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▃▂▃▄▅█ | Net Interest Margin (%) | 2.60% | 2.88% | 2.85% | 2.75% | 2.85% | 2.92% | 3.00% | 3.30% |
| ▁█▆▁▃▅▆▇ | Return on Assets (%) | 0.59% | 0.88% | 0.80% | 0.56% | 0.66% | 0.72% | 0.79% | 0.83% |
| ▆▁▂█▆▄▂▂ | Efficiency Ratio (%) | 72.7% | 65.7% | 66.9% | 75.3% | 72.2% | 69.8% | 67.6% | 68.1% |
| ▇██▆▅▄▂▁ | Cost of Funds (%) | 2.02% | 2.14% | 2.13% | 1.96% | 1.91% | 1.89% | 1.77% | 1.65% |
| ▁▁▁▂▂███ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.02% | 0.05% | 0.05% | 0.05% |
| ▁▁▁▁▂███ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.01% | 0.02% | 0.03% | 0.07% | 0.07% | 0.08% |
| ▁▃▃▄▅▆██ | Tang. Book Value ($M) | $26 | $29 | $30 | $31 | $33 | $34 | $37 | $37 |
| ▁▁▂▃▅▅▇█ | Gross Loans ($M) | $378 | $381 | $382 | $387 | $395 | $399 | $406 | $411 |
| ▁▆▄▅▅▆▆█ | Total Deposits ($M) | $469 | $515 | $495 | $503 | $503 | $514 | $519 | $536 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 8% |