Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.36% | +0.90 | -0.54% |
| Return on Equity (%) | ▲ | 3.32% | +8.31 | -4.99% |
| Net Interest Margin (%) | ▲ | 1.62% | +0.40 | 1.22% |
| Efficiency Ratio (%) | ▲ | 82.73% | -43.21 | 125.94% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.89 | $-0 |
| Cost of Funds (%) | ▲ | 2.18% | -0.06 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $381 | +17.97 | $363 |
| Gross Loans ($M) | ▲ | $203 | +4.85 | $199 |
| Loan Growth YoY (%) | ▲ | 67.57% | +1.40 | 66.17% |
| Total Deposits ($M) | ▲ | $299 | +1.28 | $298 |
| Shareholders Equity ($M) | ▲ | $41 | +1.92 | $39 |
| Tang. Book Value ($M) | ▲ | $41 | +1.95 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +2.48 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 67.57% | +1.40 | 66.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.26 | 0.26% |
| Allowance / Loans (%) | — | 0.68% | -0.11% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.47 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 1.18% | 1.16% | 1.17% | 1.22% | 1.30% | 1.35% | 1.40% | 1.62% |
| ▄▄▃▁▃▄▄█ | Return on Assets (%) | -0.19% | -0.18% | -0.23% | -0.54% | -0.30% | -0.16% | -0.10% | 0.36% |
| ▇▇▇█▆▅▅▁ | Efficiency Ratio (%) | 117.7% | 117.6% | 119.0% | 125.9% | 112.6% | 107.4% | 104.4% | 82.7% |
| ▁▇█▆▆▆▄▃ | Cost of Funds (%) | 2.12% | 2.27% | 2.31% | 2.25% | 2.25% | 2.24% | 2.22% | 2.18% |
| ███▇▁▁▁▁ | NPA / Assets (%) | 0.29% | 0.28% | 0.30% | 0.26% | 0.01% | 0.01% | 0.00% | 0.00% |
| ███▇▁▁▁▁ | Net Charge-Off Ratio (%) | 0.52% | 0.52% | 0.55% | 0.47% | 0.01% | 0.01% | 0.00% | 0.00% |
| ▁▇▁▂▄▇██ | Tang. Book Value ($M) | $39 | $41 | $39 | $39 | $40 | $41 | $42 | $41 |
| ▅▁▂▂██▆█ | Gross Loans ($M) | $201 | $197 | $198 | $199 | $203 | $204 | $201 | $203 |
| ██▇▇▁▅██ | Total Deposits ($M) | $300 | $299 | $297 | $298 | $285 | $294 | $300 | $299 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 17% |