Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.43% | -0.57 | 3.00% |
| Return on Equity (%) | ▼ | 20.49% | -5.20 | 25.69% |
| Net Interest Margin (%) | ▼ | 4.10% | -0.62 | 4.72% |
| Efficiency Ratio (%) | ▼ | 42.76% | +5.51 | 37.25% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.44 | $2 |
| Cost of Funds (%) | ▼ | 1.09% | +0.07 | 1.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $249 | -18.76 | $268 |
| Gross Loans ($M) | ▼ | $104 | -0.03 | $104 |
| Loan Growth YoY (%) | ▲ | 47.37% | +3.68 | 43.69% |
| Total Deposits ($M) | ▼ | $217 | -18.26 | $235 |
| Shareholders Equity ($M) | ▼ | $32 | -0.41 | $32 |
| Tang. Book Value ($M) | ▼ | $32 | -0.41 | $32 |
| TBV excl. AOCI ($M)** | ▼ | $35 | -0.86 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 47.37% | +3.68 | 43.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.34% | -0.01% | 1.35% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▅▄▄▃▁ | Net Interest Margin (%) | 5.25% | 5.24% | 5.12% | 4.72% | 4.64% | 4.55% | 4.51% | 4.10% |
| ██▇▅▅▄▄▁ | Return on Assets (%) | 3.45% | 3.39% | 3.27% | 3.00% | 2.99% | 2.90% | 2.85% | 2.43% |
| ▁▁▂▅▅▅▅█ | Efficiency Ratio (%) | 31.6% | 32.4% | 33.9% | 37.3% | 37.8% | 38.2% | 38.0% | 42.8% |
| ▁▅▆▄▆███ | Cost of Funds (%) | 0.95% | 1.03% | 1.05% | 1.01% | 1.05% | 1.08% | 1.07% | 1.09% |
| ▁█▁▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▅███▅█ | Tang. Book Value ($M) | $27 | $27 | $30 | $32 | $32 | $32 | $30 | $32 |
| ▆█▇▄▁▁▃▄ | Gross Loans ($M) | $106 | $110 | $109 | $104 | $99 | $98 | $102 | $104 |
| ▇▆▆▇▇▇█▁ | Total Deposits ($M) | $233 | $230 | $231 | $235 | $234 | $234 | $238 | $217 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 2% |