Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.58% | +0.38 | 0.20% |
| Return on Equity (%) | ▲ | 4.63% | +3.03 | 1.60% |
| Net Interest Margin (%) | ▲ | 2.79% | +0.50 | 2.28% |
| Efficiency Ratio (%) | ▲ | 71.15% | -17.73 | 88.88% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.49 | $0 |
| Cost of Funds (%) | ▲ | 2.02% | -0.17 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $342 | +8.36 | $334 |
| Gross Loans ($M) | ▲ | $273 | +15.34 | $258 |
| Loan Growth YoY (%) | ▲ | 104.44% | +4.44 | 100.00% |
| Total Deposits ($M) | ▲ | $260 | +3.81 | $256 |
| Shareholders Equity ($M) | ▲ | $43 | +1.67 | $42 |
| Tang. Book Value ($M) | ▲ | $43 | +1.67 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +1.41 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 104.44% | +4.44 | 100.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -0.01 | 0.20% |
| Allowance / Loans (%) | — | 0.63% | -0.04% | 0.67% |
| Net Charge-Off Ratio (%) | ▲ | 0.23% | -0.03 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 2.14% | 2.11% | 2.11% | 2.28% | 2.32% | 2.39% | 2.45% | 2.79% |
| ▂▁▁▁▂▃▅█ | Return on Assets (%) | 0.25% | 0.24% | 0.23% | 0.20% | 0.28% | 0.33% | 0.40% | 0.58% |
| ████▇▅▄▁ | Efficiency Ratio (%) | 88.4% | 89.3% | 89.4% | 88.9% | 85.3% | 82.2% | 79.2% | 71.2% |
| ▄██▄▄▄▃▁ | Cost of Funds (%) | 2.17% | 2.37% | 2.33% | 2.19% | 2.19% | 2.18% | 2.15% | 2.02% |
| ▁▂▂▂█▁▂▁ | NPA / Assets (%) | 0.18% | 0.20% | 0.20% | 0.20% | 0.34% | 0.18% | 0.20% | 0.19% |
| ▅▆▆▆█▁▂▅ | Net Charge-Off Ratio (%) | 0.24% | 0.26% | 0.26% | 0.26% | 0.32% | 0.12% | 0.17% | 0.23% |
| ▁▁▂▂▃▅▇█ | Tang. Book Value ($M) | $41 | $41 | $42 | $42 | $42 | $42 | $43 | $43 |
| ▁▁▂▂▄▇██ | Gross Loans ($M) | $254 | $253 | $257 | $258 | $262 | $268 | $272 | $273 |
| ▁▃▃▇█▆▆█ | Total Deposits ($M) | $242 | $248 | $248 | $256 | $258 | $254 | $255 | $260 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 10% |