Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.24 | 0.55% |
| Return on Equity (%) | ▲ | 6.14% | +1.50 | 4.64% |
| Net Interest Margin (%) | ▲ | 4.32% | +0.46 | 3.86% |
| Efficiency Ratio (%) | ▼ | 81.31% | +4.85 | 76.46% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.06 | $1 |
| Cost of Funds (%) | ▲ | 0.84% | -0.44 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $233 | +1.38 | $231 |
| Gross Loans ($M) | ▲ | $136 | +0.55 | $136 |
| Loan Growth YoY (%) | ▼ | 67.22% | -1.75 | 68.97% |
| Total Deposits ($M) | ▲ | $200 | +5.36 | $194 |
| Shareholders Equity ($M) | ▲ | $31 | +2.34 | $29 |
| Tang. Book Value ($M) | ▲ | $31 | +2.34 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +2.19 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 67.22% | -1.75 | 68.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.68% | +1.68 | 0.00% |
| Allowance / Loans (%) | — | 1.54% | 0.24% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 2.87% | +2.87 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 3.37% | 3.42% | 3.50% | 3.86% | 4.06% | 4.18% | 4.21% | 4.32% |
| ▇▅█▁▄▆██ | Return on Assets (%) | 0.76% | 0.69% | 0.77% | 0.55% | 0.66% | 0.71% | 0.80% | 0.80% |
| ▁▁▁▄▂▂▂█ | Efficiency Ratio (%) | 72.7% | 72.1% | 72.0% | 76.5% | 74.2% | 74.2% | 74.2% | 81.3% |
| ▇█▆▆▄▄▃▁ | Cost of Funds (%) | 1.30% | 1.43% | 1.28% | 1.28% | 1.07% | 1.06% | 0.99% | 0.84% |
| ▁▁▁▁▂▂██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.28% | 0.25% | 1.62% | 1.68% |
| ▁▁▁▁▂▂██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.46% | 0.47% | 2.92% | 2.87% |
| ▁▄▃▅▆███ | Tang. Book Value ($M) | $26 | $28 | $28 | $28 | $29 | $30 | $31 | $31 |
| ▁▃▇██▅▇█ | Gross Loans ($M) | $120 | $125 | $133 | $136 | $137 | $129 | $134 | $136 |
| ▂▆▂▁▁▆█▃ | Total Deposits ($M) | $197 | $204 | $196 | $194 | $196 | $204 | $209 | $200 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 2% |