Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.53% | -1.04 | 2.57% |
| Return on Equity (%) | ▼ | 14.03% | -11.34 | 25.37% |
| Net Interest Margin (%) | ▼ | 4.30% | -0.03 | 4.33% |
| Efficiency Ratio (%) | ▼ | 56.29% | +1.06 | 55.23% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.19 | $3 |
| Cost of Funds (%) | ▲ | 1.16% | -0.10 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $629 | +75.43 | $554 |
| Gross Loans ($M) | ▲ | $434 | +48.46 | $386 |
| Loan Growth YoY (%) | ▼ | 77.17% | -0.88 | 78.05% |
| Total Deposits ($M) | ▲ | $556 | +67.75 | $488 |
| Shareholders Equity ($M) | ▲ | $67 | +8.33 | $59 |
| Tang. Book Value ($M) | ▲ | $67 | +8.33 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +8.82 | $63 |
| Loan / Deposit Ratio (%) | ▼ | 77.17% | -0.88 | 78.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.28% | -0.03% | 1.31% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.65% | -0.65 | 15.30% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆██▄ | Net Interest Margin (%) | 4.17% | 4.25% | 4.27% | 4.33% | 4.40% | 4.47% | 4.49% | 4.30% |
| ▂▃▃█▅▄▄▁ | Return on Assets (%) | 1.72% | 1.85% | 1.85% | 2.57% | 2.17% | 2.03% | 1.95% | 1.53% |
| █▆▆▄▁▁▁▅ | Efficiency Ratio (%) | 58.9% | 56.6% | 57.0% | 55.2% | 52.9% | 52.5% | 52.5% | 56.3% |
| ▅█▆▄▂▅▆▁ | Cost of Funds (%) | 1.27% | 1.37% | 1.31% | 1.27% | 1.21% | 1.29% | 1.30% | 1.16% |
| ▁▁▁▁█▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▆▂▁▄▄▆██ | Tang. Book Value ($M) | $63 | $55 | $53 | $59 | $60 | $63 | $66 | $67 |
| ▁▁▁▂▃▄▆█ | Gross Loans ($M) | $379 | $379 | $383 | $386 | $393 | $406 | $417 | $434 |
| ▂▁▂▂▅▄▄█ | Total Deposits ($M) | $488 | $475 | $495 | $488 | $521 | $507 | $512 | $556 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 28% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 8% |