Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.60 | 0.28% |
| Return on Equity (%) | ▲ | 5.84% | +3.65 | 2.19% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.71 | 2.82% |
| Efficiency Ratio (%) | ▲ | 69.87% | -20.23 | 90.10% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.52 | $0 |
| Cost of Funds (%) | ▼ | 1.53% | +0.05 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $249 | +11.97 | $237 |
| Gross Loans ($M) | ▲ | $213 | +23.03 | $190 |
| Loan Growth YoY (%) | ▲ | 116.51% | +16.26 | 100.25% |
| Total Deposits ($M) | ▼ | $181 | -6.55 | $188 |
| Shareholders Equity ($M) | ▲ | $38 | +8.39 | $29 |
| Tang. Book Value ($M) | ▲ | $37 | +8.44 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 116.51% | +16.26 | 100.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.49% | -0.10 | 0.59% |
| Allowance / Loans (%) | — | 0.86% | -0.05% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.09 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 2.71% | 2.76% | 2.77% | 2.82% | 3.02% | 3.17% | 3.28% | 3.54% |
| ▁▂▃▅▄▅▆█ | Return on Assets (%) | -0.48% | -0.22% | -0.13% | 0.28% | 0.08% | 0.33% | 0.50% | 0.88% |
| █▆▅▃▃▂▂▁ | Efficiency Ratio (%) | 139.1% | 120.8% | 113.0% | 90.1% | 95.5% | 86.7% | 80.9% | 69.9% |
| ██▅▁▃▄▂▃ | Cost of Funds (%) | 1.67% | 1.66% | 1.59% | 1.48% | 1.53% | 1.57% | 1.51% | 1.53% |
| ███▆▁▂▂▂ | NPA / Assets (%) | 0.63% | 0.65% | 0.64% | 0.59% | 0.46% | 0.49% | 0.49% | 0.49% |
| ▁▁▁▁▃███ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.09% | 0.09% | 0.09% |
| ▁▁▁▁▇▇██ | Tang. Book Value ($M) | $28 | $28 | $28 | $29 | $35 | $36 | $36 | $37 |
| ▂▁▁▃▆▇██ | Gross Loans ($M) | $185 | $178 | $178 | $190 | $202 | $208 | $213 | $213 |
| ▂▁▁▇▅█▆▄ | Total Deposits ($M) | $177 | $175 | $175 | $188 | $183 | $190 | $186 | $181 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 13% |