Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.33% | +0.42 | -0.09% |
| Return on Equity (%) | ▲ | 1.46% | +1.92 | -0.46% |
| Net Interest Margin (%) | ▲ | 2.95% | +0.17 | 2.78% |
| Efficiency Ratio (%) | ▲ | 92.09% | -12.72 | 104.81% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.30 | $-0 |
| Cost of Funds (%) | ▲ | 1.12% | -0.22 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $270 | -12.39 | $283 |
| Gross Loans ($M) | ▼ | $131 | -3.49 | $134 |
| Loan Growth YoY (%) | ▲ | 63.78% | +1.68 | 62.10% |
| Total Deposits ($M) | ▼ | $203 | -11.01 | $214 |
| Shareholders Equity ($M) | ▲ | $61 | +3.61 | $57 |
| Tang. Book Value ($M) | ▲ | $61 | +3.61 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +3.93 | $61 |
| Loan / Deposit Ratio (%) | ▲ | 63.78% | +1.68 | 62.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.01 | 0.09% |
| Allowance / Loans (%) | — | 0.84% | -0.02% | 0.86% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.02 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▅▂▁▂▆▇█ | Net Interest Margin (%) | 2.84% | 2.87% | 2.82% | 2.78% | 2.81% | 2.89% | 2.91% | 2.95% |
| ▂▃▅▁▃▅██ | Return on Assets (%) | -0.00% | 0.03% | 0.15% | -0.09% | 0.02% | 0.17% | 0.29% | 0.33% |
| ▄▃▂█▅▃▁▁ | Efficiency Ratio (%) | 97.2% | 96.8% | 94.7% | 104.8% | 98.9% | 95.5% | 93.6% | 92.1% |
| ▃▅█▇█▇▄▁ | Cost of Funds (%) | 1.21% | 1.29% | 1.39% | 1.35% | 1.39% | 1.35% | 1.25% | 1.12% |
| ▁█▁▇████ | NPA / Assets (%) | 0.00% | 0.10% | 0.00% | 0.09% | 0.10% | 0.11% | 0.11% | 0.10% |
| ▁█▁█████ | Net Charge-Off Ratio (%) | 0.00% | 0.19% | 0.00% | 0.20% | 0.21% | 0.21% | 0.21% | 0.22% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $55 | $57 | $56 | $57 | $58 | $59 | $61 | $61 |
| ██▃▄█▆▄▁ | Gross Loans ($M) | $137 | $138 | $133 | $134 | $138 | $136 | $134 | $131 |
| ▁▁▇█▇▃▁▃ | Total Deposits ($M) | $199 | $199 | $211 | $214 | $212 | $204 | $200 | $203 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 13% |