Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.81% | +0.47 | 1.33% |
| Return on Equity (%) | ▲ | 17.79% | +3.16 | 14.63% |
| Net Interest Margin (%) | ▲ | 5.25% | +0.58 | 4.67% |
| Efficiency Ratio (%) | ▲ | 55.27% | -6.03 | 61.31% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.25 | $1 |
| Cost of Funds (%) | ▲ | 1.35% | -0.13 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $196 | -1.37 | $198 |
| Gross Loans ($M) | ▼ | $153 | -4.21 | $158 |
| Loan Growth YoY (%) | ▼ | 87.13% | -0.85 | 87.98% |
| Total Deposits ($M) | ▼ | $174 | -3.37 | $177 |
| Shareholders Equity ($M) | ▲ | $20 | +2.08 | $18 |
| Tang. Book Value ($M) | ▲ | $20 | +2.08 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 87.13% | -0.85 | 87.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.11 | 0.37% |
| Allowance / Loans (%) | — | 1.28% | 0.18% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.61% | +0.15 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 4.26% | 4.26% | 4.36% | 4.67% | 4.80% | 4.88% | 4.94% | 5.25% |
| ▁▁▂▃▅▅▅█ | Return on Assets (%) | 1.12% | 1.11% | 1.21% | 1.33% | 1.47% | 1.47% | 1.50% | 1.81% |
| ██▇▅▄▃▃▁ | Efficiency Ratio (%) | 66.2% | 66.3% | 64.6% | 61.3% | 59.7% | 59.1% | 59.0% | 55.3% |
| ▆█▇▃▃▃▂▁ | Cost of Funds (%) | 1.68% | 1.83% | 1.73% | 1.47% | 1.49% | 1.52% | 1.46% | 1.35% |
| ▁▁▅▁█▃▃▂ | NPA / Assets (%) | 0.29% | 0.27% | 0.76% | 0.37% | 1.13% | 0.50% | 0.52% | 0.48% |
| ▁▁▅▁█▃▃▃ | Net Charge-Off Ratio (%) | 0.36% | 0.33% | 0.94% | 0.46% | 1.40% | 0.62% | 0.64% | 0.61% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $16 | $17 | $17 | $18 | $18 | $19 | $19 | $20 |
| ▁▄▁█▇▃▄▄ | Gross Loans ($M) | $150 | $153 | $150 | $158 | $157 | $152 | $153 | $153 |
| ▂▁▁█▇▄▃▇ | Total Deposits ($M) | $164 | $162 | $163 | $177 | $174 | $169 | $167 | $174 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |