Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.07% | -1.07 | 3.14% |
| Return on Equity (%) | ▼ | 14.55% | -10.48 | 25.03% |
| Net Interest Margin (%) | ▼ | 5.43% | -1.26 | 6.70% |
| Efficiency Ratio (%) | ▼ | 56.22% | +9.93 | 46.29% |
| Pre-Provision Profit ($M) | ▼ | $6 | -1.05 | $7 |
| Cost of Funds (%) | ▲ | 0.19% | -0.08 | 0.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $862 | +156.18 | $706 |
| Gross Loans ($M) | ▲ | $167 | +108.14 | $59 |
| Loan Growth YoY (%) | ▲ | 23.78% | +13.92 | 9.86% |
| Total Deposits ($M) | ▲ | $699 | +108.83 | $590 |
| Shareholders Equity ($M) | ▲ | $133 | +42.20 | $91 |
| Tang. Book Value ($M) | ▲ | $132 | +42.37 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $158 | +48.90 | $109 |
| Loan / Deposit Ratio (%) | ▲ | 23.78% | +13.92 | 9.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.35% | -0.43% | 0.78% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.04 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▄▅▂▁▁▃ | Net Interest Margin (%) | 9.48% | 8.11% | 6.59% | 6.70% | 4.83% | 4.20% | 3.77% | 5.43% |
| █▅▃█▃▂▁▃ | Return on Assets (%) | 3.04% | 2.44% | 1.97% | 3.14% | 2.05% | 1.78% | 1.53% | 2.07% |
| ▁▃▅▂▆▇█▇ | Efficiency Ratio (%) | 42.0% | 47.4% | 51.5% | 46.3% | 54.6% | 57.7% | 60.7% | 56.2% |
| ██▃▆▂▁▁▃ | Cost of Funds (%) | 0.33% | 0.35% | 0.20% | 0.27% | 0.17% | 0.15% | 0.12% | 0.19% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▄█▆▁▁▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.03% | 0.06% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▂▃███ | Tang. Book Value ($M) | $79 | $83 | $83 | $90 | $93 | $127 | $130 | $132 |
| ▁▁▁▁▃▃█▅ | Gross Loans ($M) | $34 | $47 | $56 | $59 | $94 | $116 | $263 | $167 |
| ▁▁▅▅▅▅█▆ | Total Deposits ($M) | $348 | $324 | $595 | $590 | $598 | $608 | $846 | $699 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 6% |
| C&I / Commercial | 32% |
| Consumer | 62% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 75% |
| Interest-Bearing (core) | 25% |