Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +2.26 | -0.73% |
| Return on Equity (%) | ▲ | 17.33% | +26.95 | -9.62% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.23 | 3.41% |
| Efficiency Ratio (%) | ▲ | 59.35% | -14.07 | 73.42% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.65 | $1 |
| Cost of Funds (%) | ▲ | 1.68% | -0.18 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $394 | +13.66 | $380 |
| Gross Loans ($M) | ▼ | $249 | -9.12 | $258 |
| Loan Growth YoY (%) | ▼ | 68.86% | -3.96 | 72.82% |
| Total Deposits ($M) | ▲ | $356 | +7.89 | $348 |
| Shareholders Equity ($M) | ▲ | $36 | +6.91 | $29 |
| Tang. Book Value ($M) | ▲ | $36 | +6.91 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +7.26 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 68.86% | -3.96 | 72.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.88% | +0.88 | 0.00% |
| Allowance / Loans (%) | — | 1.56% | -0.24% | 1.80% |
| Net Charge-Off Ratio (%) | ▼ | 1.39% | +1.39 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▅█ | Net Interest Margin (%) | 3.33% | 3.29% | 3.35% | 3.41% | 3.48% | 3.49% | 3.49% | 3.64% |
| ▅▅▆▁▇▇▇█ | Return on Assets (%) | 0.49% | 0.60% | 0.77% | -0.73% | 1.05% | 1.11% | 1.07% | 1.52% |
| █▇▆▆▁▁▂▁ | Efficiency Ratio (%) | 80.0% | 77.0% | 72.9% | 73.4% | 57.5% | 59.5% | 61.7% | 59.3% |
| ███▅▃▃▅▁ | Cost of Funds (%) | 1.97% | 1.99% | 2.00% | 1.86% | 1.80% | 1.78% | 1.84% | 1.68% |
| ▁▁▁▁▁█▆▇ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.16% | 0.86% | 0.88% |
| ▁▁▁▁▁█▇▇ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.81% | 1.40% | 1.39% |
| ▁▃▃▂▅▇██ | Tang. Book Value ($M) | $27 | $30 | $29 | $29 | $31 | $34 | $35 | $36 |
| ▆▄▆▆█▅▂▁ | Gross Loans ($M) | $258 | $255 | $258 | $258 | $262 | $256 | $251 | $249 |
| ▁▅▁▂▃▇█▄ | Total Deposits ($M) | $343 | $359 | $345 | $348 | $352 | $366 | $370 | $356 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 20% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 7% |