Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.66% | +0.11 | 2.55% |
| Return on Equity (%) | ▼ | 19.99% | -0.40 | 20.39% |
| Net Interest Margin (%) | ▲ | 4.76% | +0.29 | 4.47% |
| Efficiency Ratio (%) | ▲ | 41.55% | -1.80 | 43.35% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.12 | $3 |
| Cost of Funds (%) | ▲ | 2.19% | -0.24 | 2.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $504 | +8.70 | $496 |
| Gross Loans ($M) | ▲ | $418 | +25.53 | $393 |
| Loan Growth YoY (%) | ▲ | 99.47% | +4.42 | 95.04% |
| Total Deposits ($M) | ▲ | $417 | +7.09 | $410 |
| Shareholders Equity ($M) | ▲ | $66 | +4.70 | $61 |
| Tang. Book Value ($M) | ▲ | $51 | +4.81 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 99.47% | +4.42 | 95.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.91% | 0.03% | 0.88% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▃▁▄▆██ | Net Interest Margin (%) | 4.53% | 4.56% | 4.55% | 4.47% | 4.61% | 4.65% | 4.73% | 4.76% |
| ▂▂▁▇██▇█ | Return on Assets (%) | 2.21% | 2.24% | 2.14% | 2.55% | 2.62% | 2.60% | 2.56% | 2.66% |
| ▆▆█▃▁▁▁▁ | Efficiency Ratio (%) | 46.6% | 46.3% | 48.7% | 43.3% | 41.9% | 41.5% | 42.2% | 41.5% |
| ▃▄█▇▆▇▅▁ | Cost of Funds (%) | 2.28% | 2.31% | 2.48% | 2.43% | 2.38% | 2.43% | 2.36% | 2.19% |
| ██▇▁▁▁▁▁ | NPA / Assets (%) | 0.57% | 0.52% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.66% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▃▃▆██▇ | Tang. Book Value ($M) | $43 | $46 | $46 | $46 | $49 | $52 | $52 | $51 |
| ▁▄▃▄▇▄▅█ | Gross Loans ($M) | $372 | $392 | $387 | $393 | $410 | $394 | $400 | $418 |
| ▁▆▇███▇█ | Total Deposits ($M) | $336 | $388 | $401 | $410 | $418 | $416 | $407 | $417 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 16% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 18% |