Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.33% | -0.13 | 1.46% |
| Return on Equity (%) | ▼ | 16.38% | -5.28 | 21.66% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.64 | 3.63% |
| Efficiency Ratio (%) | ▲ | 56.11% | -4.44 | 60.55% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.31 | $1 |
| Cost of Funds (%) | ▲ | 1.66% | -0.45 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $349 | +4.27 | $345 |
| Gross Loans ($M) | ▲ | $266 | +9.65 | $257 |
| Loan Growth YoY (%) | ▲ | 90.55% | +5.59 | 84.96% |
| Total Deposits ($M) | ▼ | $290 | -8.57 | $299 |
| Shareholders Equity ($M) | ▲ | $28 | +2.89 | $25 |
| Tang. Book Value ($M) | ▲ | $28 | +2.89 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +2.49 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 90.55% | +5.59 | 84.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.12% | +1.12 | 0.00% |
| Allowance / Loans (%) | — | 1.39% | 0.23% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 1.47% | +1.47 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.98 | 12.98% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▆▆█ | Net Interest Margin (%) | 3.12% | 3.19% | 3.24% | 3.63% | 3.70% | 3.87% | 3.97% | 4.27% |
| ▁▁▂▆▇██▄ | Return on Assets (%) | 1.02% | 1.07% | 1.15% | 1.46% | 1.53% | 1.66% | 1.59% | 1.33% |
| ██▇▄▃▂▂▁ | Efficiency Ratio (%) | 67.1% | 66.2% | 64.5% | 60.5% | 59.2% | 57.9% | 57.6% | 56.1% |
| █▇▄▇▄▅▂▁ | Cost of Funds (%) | 2.23% | 2.16% | 1.92% | 2.12% | 1.93% | 2.01% | 1.80% | 1.66% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.12% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.47% |
| ▁▄▂▄▆███ | Tang. Book Value ($M) | $23 | $26 | $24 | $25 | $26 | $28 | $28 | $28 |
| ▁▂▅▆▇███ | Gross Loans ($M) | $238 | $242 | $253 | $257 | $261 | $266 | $266 | $266 |
| ▂▂█▃▅▁▁▂ | Total Deposits ($M) | $295 | $293 | $356 | $299 | $319 | $276 | $278 | $290 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |