Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.78% | +0.48 | 0.30% |
| Return on Equity (%) | ▲ | 8.00% | +4.42 | 3.58% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.21 | 3.20% |
| Efficiency Ratio (%) | ▲ | 70.87% | -17.86 | 88.73% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.79 | $0 |
| Cost of Funds (%) | ▲ | 2.64% | -0.41 | 3.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $490 | -1.43 | $491 |
| Gross Loans ($M) | ▼ | $370 | -1.45 | $371 |
| Loan Growth YoY (%) | ▼ | 83.73% | -3.27 | 87.01% |
| Total Deposits ($M) | ▲ | $439 | +14.62 | $424 |
| Shareholders Equity ($M) | ▲ | $48 | +6.53 | $42 |
| Tang. Book Value ($M) | ▲ | $48 | +6.53 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +6.36 | $46 |
| Loan / Deposit Ratio (%) | ▼ | 83.73% | -3.27 | 87.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.70% | 0.05% | 0.65% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.42% | +1.47 | 12.95% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇██ | Net Interest Margin (%) | 2.59% | 2.68% | 2.75% | 3.20% | 3.22% | 3.26% | 3.31% | 3.41% |
| ▁▂▃▂▅███ | Return on Assets (%) | 0.18% | 0.30% | 0.40% | 0.30% | 0.54% | 0.82% | 0.82% | 0.78% |
| █▇▇█▄▁▁▂ | Efficiency Ratio (%) | 88.4% | 85.2% | 83.9% | 88.7% | 77.0% | 67.0% | 67.2% | 70.9% |
| ███▆▄▄▄▁ | Cost of Funds (%) | 3.22% | 3.23% | 3.16% | 3.05% | 2.91% | 2.89% | 2.87% | 2.64% |
| █▂▁▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▂▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $39 | $42 | $40 | $42 | $43 | $46 | $48 | $48 |
| ▁▃▆▆█▇▆▆ | Gross Loans ($M) | $340 | $353 | $367 | $371 | $383 | $377 | $367 | $370 |
| ▁▂▅▅████ | Total Deposits ($M) | $403 | $411 | $427 | $424 | $440 | $443 | $439 | $439 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 7% |