Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.66% | -0.03 | 0.69% |
| Return on Equity (%) | ▼ | 8.64% | -1.10 | 9.74% |
| Net Interest Margin (%) | ▲ | 3.18% | +0.38 | 2.80% |
| Efficiency Ratio (%) | ▼ | 75.16% | +1.72 | 73.45% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.02 | $0 |
| Cost of Funds (%) | ▼ | 1.63% | +0.15 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $183 | +14.91 | $168 |
| Gross Loans ($M) | ▲ | $94 | +10.40 | $84 |
| Loan Growth YoY (%) | ▼ | 58.71% | -0.94 | 59.65% |
| Total Deposits ($M) | ▲ | $159 | +19.78 | $139 |
| Shareholders Equity ($M) | ▲ | $14 | +1.70 | $12 |
| Tang. Book Value ($M) | ▲ | $14 | +1.70 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +2.03 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 58.71% | -0.94 | 59.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.12 | 0.19% |
| Allowance / Loans (%) | — | 1.03% | -0.02% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.05 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▅▅█ | Net Interest Margin (%) | 2.79% | 2.79% | 2.82% | 2.80% | 2.92% | 2.98% | 3.03% | 3.18% |
| ▃▄▁▇██▅▆ | Return on Assets (%) | 0.52% | 0.57% | 0.39% | 0.69% | 0.77% | 0.76% | 0.61% | 0.66% |
| ▁▂█▄▂▁▁▆ | Efficiency Ratio (%) | 70.7% | 71.4% | 78.2% | 73.4% | 71.3% | 70.3% | 69.7% | 75.2% |
| ▁▄▄▄▆▄▂█ | Cost of Funds (%) | 1.35% | 1.48% | 1.46% | 1.48% | 1.52% | 1.48% | 1.39% | 1.63% |
| ▂█▇▅▅▅▁▁ | NPA / Assets (%) | 0.09% | 0.31% | 0.28% | 0.19% | 0.19% | 0.20% | 0.04% | 0.07% |
| ▁██▁▁▁▁▂ | Net Charge-Off Ratio (%) | 0.08% | 0.51% | 0.53% | 0.08% | 0.07% | 0.09% | 0.09% | 0.14% |
| ▁▅▂▄▆███ | Tang. Book Value ($M) | $10 | $12 | $11 | $12 | $13 | $14 | $14 | $14 |
| ▁▂▃▂▃▄▆█ | Gross Loans ($M) | $82 | $84 | $85 | $84 | $86 | $87 | $90 | $94 |
| ▂▂▁▁▁▂▇█ | Total Deposits ($M) | $141 | $141 | $138 | $139 | $138 | $141 | $155 | $159 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 11% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 14% |