Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.35 | 0.61% |
| Return on Equity (%) | ▲ | 10.10% | +4.58 | 5.52% |
| Net Interest Margin (%) | ▼ | 4.39% | -0.05 | 4.45% |
| Efficiency Ratio (%) | ▲ | 66.49% | -11.59 | 78.08% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.23 | $0 |
| Cost of Funds (%) | ▼ | 2.11% | +0.02 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $112 | +24.56 | $88 |
| Gross Loans ($M) | ▲ | $92 | +18.20 | $74 |
| Loan Growth YoY (%) | ▼ | 90.39% | -4.71 | 95.10% |
| Total Deposits ($M) | ▲ | $101 | +23.81 | $77 |
| Shareholders Equity ($M) | ▲ | $11 | +1.10 | $9 |
| Tang. Book Value ($M) | ▲ | $11 | +1.10 | $9 |
| Loan / Deposit Ratio (%) | ▼ | 90.39% | -4.71 | 95.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.28 | 0.00% |
| Allowance / Loans (%) | — | 1.28% | 0.10% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.34 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▇█▄ | Net Interest Margin (%) | 4.21% | 4.26% | 4.27% | 4.45% | 4.44% | 4.56% | 4.62% | 4.39% |
| ▁▁▁▅▆█▇█ | Return on Assets (%) | 0.08% | 0.10% | 0.17% | 0.61% | 0.78% | 1.05% | 0.90% | 0.96% |
| █▇▆▅▃▁▂▁ | Efficiency Ratio (%) | 89.6% | 86.5% | 83.8% | 78.1% | 74.3% | 67.7% | 70.4% | 66.5% |
| ▁▆█▆▆▅█▆ | Cost of Funds (%) | 1.89% | 2.08% | 2.17% | 2.09% | 2.10% | 2.04% | 2.19% | 2.11% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.28% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.34% |
| ▁▁▁▂▃▆▇█ | Tang. Book Value ($M) | $9 | $9 | $9 | $9 | $10 | $10 | $10 | $11 |
| ▁▁▃▄▅▇██ | Gross Loans ($M) | $58 | $62 | $69 | $74 | $77 | $85 | $89 | $92 |
| ▁▂▂▄▆▇▇█ | Total Deposits ($M) | $61 | $67 | $71 | $77 | $87 | $94 | $94 | $101 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 20% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 10% |