Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.65% | -0.28 | 1.93% |
| Return on Equity (%) | ▼ | 11.80% | -0.50 | 12.30% |
| Net Interest Margin (%) | ▼ | 3.69% | -0.14 | 3.83% |
| Efficiency Ratio (%) | ▲ | 55.53% | -13.03 | 68.56% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.68 | $1 |
| Cost of Funds (%) | ▲ | 2.32% | -0.16 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $395 | +87.01 | $308 |
| Gross Loans ($M) | ▲ | $247 | +37.94 | $209 |
| Loan Growth YoY (%) | ▼ | 76.18% | -10.95 | 87.13% |
| Total Deposits ($M) | ▲ | $320 | +82.74 | $238 |
| Shareholders Equity ($M) | ▲ | $55 | +4.82 | $50 |
| Tang. Book Value ($M) | ▲ | $53 | +4.96 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 76.18% | -10.95 | 87.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.15% | 0.24% | 0.92% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆██▃▅▅ | Net Interest Margin (%) | 3.49% | 3.48% | 3.71% | 3.83% | 3.81% | 3.59% | 3.68% | 3.69% |
| ▇▇▇█▂▁▁▅ | Return on Assets (%) | 1.77% | 1.77% | 1.78% | 1.93% | 1.40% | 1.23% | 1.27% | 1.65% |
| ▂▁▁██▇▆▅ | Efficiency Ratio (%) | 46.1% | 41.4% | 41.6% | 68.6% | 66.2% | 64.9% | 60.2% | 55.5% |
| ▇██▁▁▂▆▁ | Cost of Funds (%) | 3.36% | 3.66% | 3.61% | 2.47% | 2.48% | 2.62% | 3.31% | 2.32% |
| █▆▂▁▁▁▁▁ | NPA / Assets (%) | 0.32% | 0.24% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▆▂▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.59% | 0.38% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▄▅▇███ | Tang. Book Value ($M) | $40 | $43 | $45 | $48 | $50 | $51 | $53 | $53 |
| ▁▃▃▂▃▆██ | Gross Loans ($M) | $202 | $219 | $215 | $209 | $216 | $237 | $253 | $247 |
| ▃▄▁▁▂█▇█ | Total Deposits ($M) | $273 | $281 | $241 | $238 | $261 | $332 | $310 | $320 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 24% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 35% |