Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.35% | +0.17 | 0.18% |
| Return on Equity (%) | ▲ | 2.04% | +1.11 | 0.93% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.04 | 3.97% |
| Efficiency Ratio (%) | ▲ | 87.04% | -6.77 | 93.81% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.14 | $0 |
| Cost of Funds (%) | ▲ | 2.57% | -0.27 | 2.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $187 | +22.97 | $164 |
| Gross Loans ($M) | ▲ | $139 | +10.91 | $128 |
| Loan Growth YoY (%) | ▼ | 89.43% | -5.83 | 95.26% |
| Total Deposits ($M) | ▲ | $153 | +21.13 | $132 |
| Shareholders Equity ($M) | ▲ | $32 | +0.73 | $31 |
| Tang. Book Value ($M) | ▲ | $32 | +0.73 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 89.43% | -5.83 | 95.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.11 | 0.00% |
| Allowance / Loans (%) | — | 1.81% | -0.38% | 2.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.15 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▇▁▁▁▁▁ | Net Interest Margin (%) | 4.50% | 4.62% | 4.50% | 3.97% | 4.03% | 4.05% | 4.03% | 4.01% |
| █▇▅▁▁▁▁▁ | Return on Assets (%) | 2.24% | 1.79% | 1.34% | 0.18% | 0.34% | 0.40% | 0.37% | 0.35% |
| ▁▂▃█▇▇█▇ | Efficiency Ratio (%) | 54.3% | 60.1% | 67.0% | 93.8% | 87.9% | 86.3% | 91.2% | 87.0% |
| ▇█▆▄▃▄▅▁ | Cost of Funds (%) | 3.05% | 3.14% | 2.95% | 2.84% | 2.78% | 2.82% | 2.88% | 2.57% |
| ▁▁▁▁▁███ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.12% | 0.11% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.16% | 0.16% | 0.15% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $31 | $31 | $31 | $31 | $31 | $32 | $32 | $32 |
| ▁▁▃▅▅███ | Gross Loans ($M) | $114 | $116 | $123 | $128 | $130 | $140 | $138 | $139 |
| ▁▁▂▃▆███ | Total Deposits ($M) | $121 | $120 | $126 | $132 | $143 | $153 | $152 | $153 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 28% |