Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.56% | +0.47 | 0.09% |
| Return on Equity (%) | ▲ | 3.67% | +3.08 | 0.59% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.60 | 3.62% |
| Efficiency Ratio (%) | ▲ | 76.11% | -16.51 | 92.62% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.44 | $0 |
| Cost of Funds (%) | ▲ | 2.08% | -0.22 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $225 | +9.36 | $215 |
| Gross Loans ($M) | ▲ | $125 | +54.04 | $71 |
| Loan Growth YoY (%) | ▲ | 65.89% | +26.62 | 39.26% |
| Total Deposits ($M) | ▲ | $188 | +9.05 | $179 |
| Shareholders Equity ($M) | ▲ | $34 | +0.92 | $33 |
| Tang. Book Value ($M) | ▲ | $32 | +1.17 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 65.89% | +26.62 | 39.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.22% | -0.19% | 1.41% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 24.69% | -16.14 | 40.83% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▁▂▂▃ | Net Interest Margin (%) | 5.47% | 5.22% | 4.84% | 3.62% | 3.84% | 3.87% | 3.93% | 4.21% |
| █▆▅▁▁▁▁▂ | Return on Assets (%) | 2.20% | 1.63% | 1.32% | 0.09% | 0.11% | 0.09% | 0.15% | 0.56% |
| ▁▂▂████▅ | Efficiency Ratio (%) | 49.6% | 59.5% | 59.1% | 92.6% | 90.9% | 89.7% | 87.6% | 76.1% |
| ▁▆▇███▇▇ | Cost of Funds (%) | 0.74% | 1.82% | 2.09% | 2.30% | 2.42% | 2.35% | 2.18% | 2.08% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $30 | $30 | $31 | $31 | $31 | $31 | $32 | $32 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $43 | $47 | $61 | $71 | $82 | $103 | $107 | $125 |
| ▃▁▄▇▄▅██ | Total Deposits ($M) | $158 | $145 | $163 | $179 | $162 | $169 | $185 | $188 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 22% |