Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.48 | 0.55% |
| Return on Equity (%) | ▲ | 11.54% | +5.15 | 6.39% |
| Net Interest Margin (%) | ▲ | 3.61% | +0.23 | 3.38% |
| Efficiency Ratio (%) | ▲ | 69.24% | -12.61 | 81.85% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.22 | $0 |
| Cost of Funds (%) | ▲ | 2.02% | -0.17 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $180 | +9.15 | $171 |
| Gross Loans ($M) | ▲ | $128 | +10.96 | $117 |
| Loan Growth YoY (%) | ▲ | 77.55% | +3.03 | 74.52% |
| Total Deposits ($M) | ▲ | $164 | +8.05 | $156 |
| Shareholders Equity ($M) | ▲ | $16 | +0.91 | $15 |
| Tang. Book Value ($M) | ▲ | $15 | +0.97 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +1.15 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 77.55% | +3.03 | 74.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.89% | -0.08% | 0.97% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.23% | -0.66 | 10.88% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▃▂▁▄▇██ | Net Interest Margin (%) | 3.56% | 3.46% | 3.43% | 3.38% | 3.48% | 3.58% | 3.63% | 3.61% |
| ▃▂▂▁▂▄▄█ | Return on Assets (%) | 0.71% | 0.61% | 0.65% | 0.55% | 0.63% | 0.73% | 0.76% | 1.03% |
| ▆█▇█▇▅▅▁ | Efficiency Ratio (%) | 77.9% | 80.4% | 78.9% | 81.9% | 79.9% | 77.0% | 76.5% | 69.2% |
| ▁▅█▅▅▅▄▁ | Cost of Funds (%) | 2.02% | 2.19% | 2.34% | 2.19% | 2.18% | 2.20% | 2.15% | 2.02% |
| ▁█▁▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $13 | $14 | $14 | $14 | $15 | $15 | $15 | $15 |
| ▁▃▃▄▃▇██ | Gross Loans ($M) | $107 | $112 | $115 | $117 | $114 | $125 | $128 | $128 |
| ▁▄▆▆▄▅▆█ | Total Deposits ($M) | $134 | $148 | $154 | $156 | $149 | $152 | $155 | $164 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 10% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 14% |