Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.82% | -0.05 | 1.87% |
| Return on Equity (%) | ▼ | 11.63% | -0.79 | 12.42% |
| Net Interest Margin (%) | ▼ | 5.07% | -0.39 | 5.46% |
| Efficiency Ratio (%) | ▲ | 56.39% | -1.87 | 58.26% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▲ | 1.05% | -0.02 | 1.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $200 | +12.65 | $187 |
| Gross Loans ($M) | ▲ | $166 | +27.82 | $138 |
| Loan Growth YoY (%) | ▲ | 99.57% | +12.08 | 87.49% |
| Total Deposits ($M) | ▲ | $163 | +9.32 | $154 |
| Shareholders Equity ($M) | ▲ | $33 | +3.50 | $29 |
| Tang. Book Value ($M) | ▲ | $33 | +3.50 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 99.57% | +12.08 | 87.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.41 | 0.01% |
| Allowance / Loans (%) | — | 2.39% | -0.48% | 2.87% |
| Net Charge-Off Ratio (%) | ▼ | 0.51% | +0.49 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▅▅▄▁ | Net Interest Margin (%) | 5.93% | 5.85% | 5.93% | 5.46% | 5.56% | 5.54% | 5.47% | 5.07% |
| ███▂▄▄▅▁ | Return on Assets (%) | 2.18% | 2.14% | 2.15% | 1.87% | 1.96% | 1.98% | 2.04% | 1.82% |
| ▂▂▁█▇▇▄▆ | Efficiency Ratio (%) | 52.5% | 52.8% | 51.3% | 58.3% | 56.7% | 56.6% | 54.2% | 56.4% |
| █▅▇▆▁▆▁▅ | Cost of Funds (%) | 1.12% | 1.05% | 1.09% | 1.07% | 0.95% | 1.08% | 0.96% | 1.05% |
| ▂▁▁▁▁▁▅█ | NPA / Assets (%) | 0.08% | 0.04% | 0.04% | 0.01% | 0.01% | 0.01% | 0.23% | 0.42% |
| ▂▁▁▁▁▁▅█ | Net Charge-Off Ratio (%) | 0.11% | 0.06% | 0.05% | 0.02% | 0.01% | 0.01% | 0.29% | 0.51% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $27 | $28 | $28 | $29 | $30 | $31 | $32 | $33 |
| ▃▃▇▁▁▁██ | Gross Loans ($M) | $144 | $148 | $161 | $138 | $136 | $136 | $169 | $166 |
| ▂█▂▁▁▃▃▂ | Total Deposits ($M) | $161 | $192 | $162 | $154 | $155 | $168 | $166 | $163 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 8% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |