Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.93% | -0.12 | 1.05% |
| Return on Equity (%) | ▼ | 7.71% | -0.63 | 8.34% |
| Net Interest Margin (%) | ▼ | 4.47% | -0.02 | 4.49% |
| Efficiency Ratio (%) | ▼ | 71.21% | +2.50 | 68.71% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.00 | $1 |
| Cost of Funds (%) | ▲ | 1.55% | -0.01 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $325 | +37.22 | $288 |
| Gross Loans ($M) | ▲ | $245 | +9.39 | $235 |
| Loan Growth YoY (%) | ▼ | 91.10% | -6.40 | 97.50% |
| Total Deposits ($M) | ▲ | $265 | +26.74 | $239 |
| Shareholders Equity ($M) | ▲ | $39 | +3.41 | $36 |
| Tang. Book Value ($M) | ▲ | $39 | +3.41 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +3.40 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 91.10% | -6.40 | 97.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.23% | 0.09% | 1.15% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆██▅ | Net Interest Margin (%) | 4.29% | 4.29% | 4.34% | 4.49% | 4.51% | 4.61% | 4.60% | 4.47% |
| ▁▅▆████▆ | Return on Assets (%) | 0.72% | 0.90% | 0.96% | 1.05% | 1.04% | 1.06% | 1.06% | 0.93% |
| █▅▃▁▁▁▁▃ | Efficiency Ratio (%) | 76.1% | 72.5% | 70.8% | 68.7% | 68.5% | 68.6% | 68.3% | 71.2% |
| ▁██▁▄▆▇▁ | Cost of Funds (%) | 1.54% | 1.63% | 1.64% | 1.55% | 1.58% | 1.62% | 1.62% | 1.55% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $33 | $35 | $36 | $36 | $37 | $38 | $39 | $39 |
| ▁▁▂▆▆▇▆█ | Gross Loans ($M) | $219 | $221 | $226 | $235 | $236 | $240 | $238 | $245 |
| ▁▃▂▅▄▅██ | Total Deposits ($M) | $207 | $228 | $217 | $239 | $235 | $239 | $262 | $265 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 8% |