Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.10 | 0.90% |
| Return on Equity (%) | ▲ | 10.79% | +0.77 | 10.02% |
| Net Interest Margin (%) | ▲ | 4.89% | +0.57 | 4.31% |
| Efficiency Ratio (%) | ▲ | 70.96% | -0.56 | 71.52% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.15 | $1 |
| Cost of Funds (%) | ▲ | 1.11% | -0.19 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $240 | +14.79 | $225 |
| Gross Loans ($M) | ▲ | $177 | +16.82 | $160 |
| Loan Growth YoY (%) | ▲ | 81.66% | +3.34 | 78.32% |
| Total Deposits ($M) | ▲ | $214 | +12.16 | $202 |
| Shareholders Equity ($M) | ▲ | $22 | +1.94 | $20 |
| Tang. Book Value ($M) | ▲ | $22 | +1.94 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +1.87 | $22 |
| Loan / Deposit Ratio (%) | ▲ | 81.66% | +3.34 | 78.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.01% | +0.58 | 0.43% |
| Allowance / Loans (%) | — | 1.18% | -0.02% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 1.37% | +0.76 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▅█ | Net Interest Margin (%) | 4.00% | 4.07% | 4.13% | 4.31% | 4.34% | 4.43% | 4.55% | 4.89% |
| ▁▁▂▅▆▇██ | Return on Assets (%) | 0.74% | 0.74% | 0.78% | 0.90% | 0.94% | 0.97% | 1.03% | 1.01% |
| ███▃▃▂▁▃ | Efficiency Ratio (%) | 75.8% | 76.0% | 75.6% | 71.5% | 71.1% | 70.5% | 69.1% | 71.0% |
| ▆█▇▅▅▆▄▁ | Cost of Funds (%) | 1.34% | 1.43% | 1.37% | 1.30% | 1.30% | 1.32% | 1.25% | 1.11% |
| ▁▄▃▃▆▇██ | NPA / Assets (%) | 0.19% | 0.52% | 0.45% | 0.43% | 0.81% | 0.92% | 1.08% | 1.01% |
| ▁▃▃▃▇▇██ | Net Charge-Off Ratio (%) | 0.20% | 0.65% | 0.63% | 0.61% | 1.18% | 1.27% | 1.46% | 1.37% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $19 | $20 | $20 | $20 | $21 | $22 | $22 | $22 |
| ▁▁▂▃▂▆██ | Gross Loans ($M) | $154 | $155 | $159 | $160 | $160 | $170 | $175 | $177 |
| ▃▁▄▄▇▇██ | Total Deposits ($M) | $197 | $191 | $199 | $202 | $209 | $210 | $212 | $214 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 1% |
| Consumer | 8% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 6% |