Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.77% | -0.14 | 1.92% |
| Return on Equity (%) | ▼ | 12.46% | -1.64 | 14.10% |
| Net Interest Margin (%) | ▼ | 4.85% | -0.19 | 5.04% |
| Efficiency Ratio (%) | ▼ | 53.79% | +1.90 | 51.89% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.01 | $1 |
| Cost of Funds (%) | ▲ | 0.89% | -0.07 | 0.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $240 | +20.24 | $220 |
| Gross Loans ($M) | ▲ | $115 | +8.23 | $106 |
| Loan Growth YoY (%) | ▼ | 55.14% | -0.57 | 55.71% |
| Total Deposits ($M) | ▲ | $205 | +16.90 | $188 |
| Shareholders Equity ($M) | ▲ | $33 | +3.85 | $30 |
| Tang. Book Value ($M) | ▲ | $33 | +3.85 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +3.77 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 55.14% | -0.57 | 55.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.00 | 0.02% |
| Allowance / Loans (%) | — | 1.22% | -0.11% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.00 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▇▇▆█▆▁ | Net Interest Margin (%) | 5.07% | 5.10% | 5.05% | 5.04% | 5.02% | 5.10% | 5.02% | 4.85% |
| █▆▅▁▁▁▁▁ | Return on Assets (%) | 3.17% | 2.82% | 2.50% | 1.92% | 1.91% | 1.93% | 1.93% | 1.77% |
| ▁▂▅▇▇▇██ | Efficiency Ratio (%) | 38.8% | 42.2% | 47.5% | 51.9% | 51.7% | 51.8% | 52.1% | 53.8% |
| ▄▆█▃▂▅▃▁ | Cost of Funds (%) | 0.99% | 1.04% | 1.11% | 0.96% | 0.94% | 1.01% | 0.96% | 0.89% |
| ███▁▁▁▁▁ | NPA / Assets (%) | 0.07% | 0.06% | 0.06% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% |
| ██▇▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.15% | 0.13% | 0.12% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| ▁▂▁▃▄▆▇█ | Tang. Book Value ($M) | $28 | $29 | $28 | $30 | $31 | $32 | $33 | $33 |
| ▁▁▄▅▆▆▇█ | Gross Loans ($M) | $94 | $96 | $104 | $106 | $108 | $109 | $111 | $115 |
| ▁▁▁▄▅▃▅█ | Total Deposits ($M) | $174 | $174 | $177 | $188 | $192 | $185 | $191 | $205 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 6% |