Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.20% | -1.06 | 1.26% |
| Return on Equity (%) | ▼ | 1.20% | -5.54 | 6.74% |
| Net Interest Margin (%) | ▼ | 3.82% | -0.12 | 3.94% |
| Efficiency Ratio (%) | ▼ | 87.95% | +37.92 | 50.03% |
| Pre-Provision Profit ($M) | ▼ | $0 | -1.29 | $2 |
| Cost of Funds (%) | ▲ | 2.81% | -0.21 | 3.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $317 | +58.20 | $259 |
| Gross Loans ($M) | ▲ | $253 | +59.53 | $193 |
| Loan Growth YoY (%) | ▲ | 96.45% | +4.48 | 91.97% |
| Total Deposits ($M) | ▲ | $259 | +51.52 | $208 |
| Shareholders Equity ($M) | ▲ | $53 | +4.94 | $49 |
| Tang. Book Value ($M) | ▲ | $44 | +4.63 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 96.45% | +4.48 | 91.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.21 | 0.00% |
| Allowance / Loans (%) | — | 1.18% | -0.09% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.26 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.89% | -2.04 | 19.92% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▃▂▃▃▃▁ | Net Interest Margin (%) | 4.71% | 4.40% | 4.11% | 3.94% | 4.06% | 4.08% | 4.14% | 3.82% |
| ▃▃▂▆█▇█▁ | Return on Assets (%) | 0.73% | 0.66% | 0.49% | 1.26% | 1.59% | 1.51% | 1.73% | 0.20% |
| █▆▆▁▁▁▁█ | Efficiency Ratio (%) | 83.7% | 75.8% | 73.3% | 50.0% | 48.6% | 51.7% | 49.3% | 87.9% |
| ▄█▆▄▄▄▄▁ | Cost of Funds (%) | 3.03% | 3.27% | 3.11% | 3.02% | 3.04% | 3.03% | 3.00% | 2.81% |
| ▁▁▂▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.21% |
| ▁▁▂▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% |
| ▁▁▄▇▇███ | Tang. Book Value ($M) | $22 | $22 | $32 | $39 | $40 | $41 | $43 | $44 |
| ▁▁▄▅▆▇██ | Gross Loans ($M) | $114 | $126 | $167 | $193 | $213 | $233 | $243 | $253 |
| ▁▂▄▅▇▇██ | Total Deposits ($M) | $122 | $156 | $181 | $208 | $231 | $240 | $257 | $259 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 30% |