Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.77% | -0.01 | 0.79% |
| Return on Equity (%) | ▼ | 9.34% | -1.76 | 11.10% |
| Net Interest Margin (%) | ▲ | 2.92% | +0.26 | 2.66% |
| Efficiency Ratio (%) | ▲ | 60.13% | -0.41 | 60.53% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▲ | 1.30% | -0.34 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $252 | -14.94 | $267 |
| Gross Loans ($M) | ▲ | $75 | +1.59 | $74 |
| Loan Growth YoY (%) | ▲ | 32.46% | +2.67 | 29.80% |
| Total Deposits ($M) | ▼ | $229 | -15.21 | $244 |
| Shareholders Equity ($M) | ▲ | $20 | +0.30 | $20 |
| Tang. Book Value ($M) | ▲ | $20 | +0.30 | $20 |
| TBV excl. AOCI ($M)** | ▼ | $24 | -0.09 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 32.46% | +2.67 | 29.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.30% | 0.00% | 1.30% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.67% | -2.01 | 24.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▅▁▅▆██ | Net Interest Margin (%) | 2.79% | 2.77% | 2.82% | 2.66% | 2.83% | 2.87% | 2.94% | 2.92% |
| ▃▃▅▁▇▇█▁ | Return on Assets (%) | 0.82% | 0.82% | 0.85% | 0.79% | 0.88% | 0.89% | 0.91% | 0.77% |
| ██▇█▁▁▂▇ | Efficiency Ratio (%) | 60.7% | 60.5% | 60.0% | 60.5% | 57.9% | 58.0% | 58.4% | 60.1% |
| ▇██▇▆▄▁▁ | Cost of Funds (%) | 1.66% | 1.71% | 1.74% | 1.63% | 1.60% | 1.49% | 1.33% | 1.30% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▂▄▅██▅ | Tang. Book Value ($M) | $17 | $20 | $18 | $20 | $20 | $22 | $22 | $20 |
| ▄▄▆▆▁▅▄█ | Gross Loans ($M) | $72 | $72 | $74 | $74 | $69 | $73 | $72 | $75 |
| ▂███▅▂▂▁ | Total Deposits ($M) | $233 | $245 | $244 | $244 | $238 | $233 | $232 | $229 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 21% |