Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.82% | +0.31 | 0.51% |
| Return on Equity (%) | ▲ | 6.64% | +2.76 | 3.88% |
| Net Interest Margin (%) | ▲ | 2.69% | +0.39 | 2.31% |
| Efficiency Ratio (%) | ▲ | 63.37% | -11.90 | 75.27% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.12 | $0 |
| Cost of Funds (%) | ▲ | 1.35% | -0.03 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $112 | +5.11 | $107 |
| Gross Loans ($M) | ▲ | $44 | +1.00 | $43 |
| Loan Growth YoY (%) | ▼ | 44.20% | -1.39 | 45.59% |
| Total Deposits ($M) | ▲ | $98 | +5.18 | $93 |
| Shareholders Equity ($M) | ▼ | $14 | -0.16 | $14 |
| Tang. Book Value ($M) | ▼ | $14 | -0.16 | $14 |
| TBV excl. AOCI ($M)** | ▼ | $16 | -0.58 | $17 |
| Loan / Deposit Ratio (%) | ▼ | 44.20% | -1.39 | 45.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.14 | 0.01% |
| Allowance / Loans (%) | — | 0.78% | -0.03% | 0.81% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.37 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 2.20% | 2.22% | 2.25% | 2.31% | 2.37% | 2.43% | 2.48% | 2.69% |
| ▁▁▁▂▃▄▅█ | Return on Assets (%) | 0.42% | 0.47% | 0.42% | 0.51% | 0.57% | 0.62% | 0.65% | 0.82% |
| ███▆▅▄▄▁ | Efficiency Ratio (%) | 79.3% | 77.6% | 78.8% | 75.3% | 71.9% | 70.5% | 70.9% | 63.4% |
| ▁▄▆▇███▆ | Cost of Funds (%) | 1.17% | 1.26% | 1.34% | 1.38% | 1.42% | 1.42% | 1.39% | 1.35% |
| ▁▅▃▁▂▁█▆ | NPA / Assets (%) | 0.01% | 0.13% | 0.07% | 0.01% | 0.05% | 0.01% | 0.24% | 0.16% |
| ▁▅▃▁▂▁█▆ | Net Charge-Off Ratio (%) | 0.03% | 0.33% | 0.18% | 0.04% | 0.12% | 0.04% | 0.60% | 0.40% |
| ▆█▄▆▁▄▁▄ | Tang. Book Value ($M) | $14 | $14 | $14 | $14 | $14 | $14 | $14 | $14 |
| ▁▆▇▆▇▅█▇ | Gross Loans ($M) | $39 | $43 | $43 | $43 | $43 | $42 | $44 | $44 |
| ▁▂▃▄▄▅██ | Total Deposits ($M) | $89 | $91 | $92 | $93 | $93 | $94 | $98 | $98 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 3% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 16% |