Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.61% | +0.20 | 0.41% |
| Return on Equity (%) | ▲ | 6.61% | +1.86 | 4.75% |
| Net Interest Margin (%) | ▲ | 2.43% | +0.26 | 2.17% |
| Efficiency Ratio (%) | ▲ | 71.34% | -9.43 | 80.77% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.33 | $1 |
| Cost of Funds (%) | ▲ | 1.69% | -0.15 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $442 | -2.72 | $445 |
| Gross Loans ($M) | ▲ | $324 | +1.24 | $323 |
| Loan Growth YoY (%) | ▲ | 88.53% | +2.56 | 85.97% |
| Total Deposits ($M) | ▼ | $364 | -9.34 | $374 |
| Shareholders Equity ($M) | ▲ | $41 | +2.46 | $39 |
| Tang. Book Value ($M) | ▲ | $41 | +2.46 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +2.29 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 88.53% | +2.56 | 85.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.36% | -0.02% | 0.38% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▅▆█ | Net Interest Margin (%) | 2.03% | 2.04% | 2.04% | 2.17% | 2.24% | 2.25% | 2.30% | 2.43% |
| ▁▁▁▃▄▅▆█ | Return on Assets (%) | 0.33% | 0.34% | 0.36% | 0.41% | 0.46% | 0.49% | 0.54% | 0.61% |
| ██▇▆▄▃▂▁ | Efficiency Ratio (%) | 84.5% | 83.0% | 82.5% | 80.8% | 76.7% | 75.8% | 74.0% | 71.3% |
| ▆██▅▅▇▂▁ | Cost of Funds (%) | 1.87% | 1.94% | 1.96% | 1.84% | 1.84% | 1.89% | 1.74% | 1.69% |
| ▁█▁▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▂▃▄▆██ | Tang. Book Value ($M) | $37 | $39 | $38 | $39 | $39 | $40 | $41 | $41 |
| ▁▁▃▇▆███ | Gross Loans ($M) | $316 | $317 | $319 | $323 | $321 | $324 | $324 | $324 |
| ▁▃██▆█▇▅ | Total Deposits ($M) | $353 | $361 | $372 | $374 | $367 | $374 | $370 | $364 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 15% |