Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.71% | +0.73 | 0.98% |
| Return on Equity (%) | ▲ | 16.97% | +5.98 | 10.99% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.74 | 2.93% |
| Efficiency Ratio (%) | ▲ | 54.67% | -13.21 | 67.88% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.40 | $0 |
| Cost of Funds (%) | ▲ | 1.05% | -0.19 | 1.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $196 | +14.06 | $182 |
| Gross Loans ($M) | ▲ | $121 | +19.24 | $102 |
| Loan Growth YoY (%) | ▲ | 73.57% | +7.61 | 65.96% |
| Total Deposits ($M) | ▲ | $163 | +10.24 | $153 |
| Shareholders Equity ($M) | ▲ | $20 | +3.01 | $17 |
| Tang. Book Value ($M) | ▲ | $20 | +3.01 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +2.46 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 73.57% | +7.61 | 65.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.19% | -0.15% | 1.34% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▆█ | Net Interest Margin (%) | 2.14% | 2.15% | 2.25% | 2.93% | 3.02% | 3.11% | 3.28% | 3.67% |
| ▁▁▁▄▅▅▆█ | Return on Assets (%) | 0.53% | 0.55% | 0.62% | 0.98% | 1.15% | 1.26% | 1.41% | 1.71% |
| ███▅▄▃▂▁ | Efficiency Ratio (%) | 77.5% | 76.8% | 75.0% | 67.9% | 63.7% | 61.8% | 59.0% | 54.7% |
| ▇██▂▃▃▂▁ | Cost of Funds (%) | 1.73% | 1.74% | 1.83% | 1.24% | 1.29% | 1.26% | 1.16% | 1.05% |
| ▁▁▁▁█▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.14% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.00% | 0.00% | 0.00% |
| ▁▃▃▄▅▇▇█ | Tang. Book Value ($M) | $14 | $16 | $15 | $17 | $17 | $19 | $19 | $20 |
| ▁▁▂▂▄▆██ | Gross Loans ($M) | $96 | $98 | $100 | $102 | $108 | $115 | $123 | $121 |
| ▁▂▃▅▂▃▆█ | Total Deposits ($M) | $141 | $144 | $147 | $153 | $146 | $148 | $156 | $163 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 7% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 3% |