Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.25 | 0.56% |
| Return on Equity (%) | ▲ | 7.63% | +2.20 | 5.43% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.49 | 2.90% |
| Efficiency Ratio (%) | ▲ | 72.74% | -6.53 | 79.26% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $0 |
| Cost of Funds (%) | ▲ | 1.88% | -0.24 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $246 | +5.34 | $240 |
| Gross Loans ($M) | ▲ | $208 | +8.09 | $200 |
| Loan Growth YoY (%) | ▲ | 111.79% | +1.49 | 110.30% |
| Total Deposits ($M) | ▲ | $184 | +4.80 | $179 |
| Shareholders Equity ($M) | ▲ | $26 | +1.18 | $25 |
| Tang. Book Value ($M) | ▲ | $26 | +1.18 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 111.79% | +1.49 | 110.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Allowance / Loans (%) | — | 1.15% | -0.02% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▄▅█ | Net Interest Margin (%) | 2.73% | 2.74% | 2.78% | 2.90% | 2.98% | 3.05% | 3.14% | 3.39% |
| ▁▁▃▁▂▄██ | Return on Assets (%) | 0.58% | 0.59% | 0.64% | 0.56% | 0.62% | 0.67% | 0.84% | 0.81% |
| ▆▆▅█▇▅▁▂ | Efficiency Ratio (%) | 76.8% | 76.9% | 75.1% | 79.3% | 77.3% | 75.7% | 70.6% | 72.7% |
| ▄▇█▇▇▅▃▁ | Cost of Funds (%) | 2.01% | 2.09% | 2.16% | 2.12% | 2.10% | 2.04% | 1.96% | 1.88% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.12% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▁▄▆█▇█ | Tang. Book Value ($M) | $24 | $25 | $24 | $25 | $25 | $26 | $26 | $26 |
| ▁▁▃▂▅▇██ | Gross Loans ($M) | $198 | $197 | $200 | $200 | $204 | $205 | $207 | $208 |
| ▁▄▄▅▄▅▆█ | Total Deposits ($M) | $171 | $176 | $176 | $179 | $176 | $178 | $180 | $184 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 6% |