Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.67% | +0.01 | 0.65% |
| Return on Equity (%) | ▼ | 7.91% | -0.94 | 8.85% |
| Net Interest Margin (%) | ▼ | 4.21% | -0.01 | 4.21% |
| Efficiency Ratio (%) | ▼ | 80.28% | +6.29 | 73.99% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.24 | $1 |
| Cost of Funds (%) | ▲ | 1.45% | -0.02 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $393 | +16.14 | $376 |
| Gross Loans ($M) | ▼ | $230 | -9.77 | $240 |
| Loan Growth YoY (%) | ▼ | 64.18% | -11.01 | 75.19% |
| Total Deposits ($M) | ▲ | $354 | +38.48 | $315 |
| Shareholders Equity ($M) | ▲ | $32 | +4.21 | $28 |
| Tang. Book Value ($M) | ▲ | $32 | +4.21 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +3.89 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 64.18% | -11.01 | 75.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.17 | 0.00% |
| Allowance / Loans (%) | — | 1.39% | 0.15% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.14 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▁▅███▄ | Net Interest Margin (%) | 4.15% | 4.09% | 4.12% | 4.21% | 4.31% | 4.33% | 4.33% | 4.21% |
| ▁▂▁█▇███ | Return on Assets (%) | 0.46% | 0.50% | 0.47% | 0.65% | 0.62% | 0.65% | 0.67% | 0.67% |
| ███▁▅▆▄▇ | Efficiency Ratio (%) | 80.9% | 80.9% | 81.8% | 74.0% | 78.4% | 78.9% | 77.6% | 80.3% |
| ▄█▄▁▄▂▃▁ | Cost of Funds (%) | 1.66% | 1.90% | 1.63% | 1.47% | 1.63% | 1.56% | 1.56% | 1.45% |
| ▄▄█▁▁█▅█ | NPA / Assets (%) | 0.08% | 0.08% | 0.15% | 0.00% | 0.00% | 0.16% | 0.09% | 0.17% |
| ▄▄█▁▁█▅▅ | Net Charge-Off Ratio (%) | 0.13% | 0.12% | 0.24% | 0.00% | 0.00% | 0.26% | 0.13% | 0.14% |
| ▁▃▂▁▃▆█▇ | Tang. Book Value ($M) | $27 | $29 | $28 | $28 | $29 | $31 | $33 | $32 |
| ▃▂▆▇▆▁█▁ | Gross Loans ($M) | $234 | $232 | $238 | $240 | $239 | $230 | $243 | $230 |
| ▅▁▄▁▂▄▃█ | Total Deposits ($M) | $338 | $317 | $332 | $315 | $322 | $331 | $328 | $354 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |