Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.69 | 0.35% |
| Return on Equity (%) | ▲ | 11.48% | +7.97 | 3.51% |
| Net Interest Margin (%) | ▼ | 3.64% | -0.06 | 3.70% |
| Efficiency Ratio (%) | ▲ | 64.85% | -1.78 | 66.63% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.12 | $1 |
| Cost of Funds (%) | ▲ | 2.14% | -0.00 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $206 | +23.73 | $182 |
| Gross Loans ($M) | ▲ | $173 | +13.06 | $160 |
| Loan Growth YoY (%) | ▼ | 92.18% | -7.60 | 99.78% |
| Total Deposits ($M) | ▲ | $185 | +27.39 | $158 |
| Shareholders Equity ($M) | ▲ | $20 | +0.94 | $19 |
| Tang. Book Value ($M) | ▲ | $20 | +0.94 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 92.18% | -7.60 | 99.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -1.10 | 1.15% |
| Allowance / Loans (%) | — | 1.21% | -0.22% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -1.26 | 1.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.07% | +11.07 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▆▂▂▂▃▁ | Net Interest Margin (%) | 4.00% | 3.90% | 3.90% | 3.70% | 3.71% | 3.72% | 3.73% | 3.64% |
| ███▃▁▂▂█ | Return on Assets (%) | 1.07% | 1.11% | 1.11% | 0.35% | 0.04% | 0.28% | 0.26% | 1.05% |
| █▇▅▃▃▂▁▁ | Efficiency Ratio (%) | 71.0% | 69.9% | 68.4% | 66.6% | 67.0% | 65.6% | 64.8% | 64.9% |
| ▁▃▅▅▅█▄▅ | Cost of Funds (%) | 1.86% | 1.99% | 2.16% | 2.15% | 2.15% | 2.36% | 2.10% | 2.14% |
| ▁▁▁███▂▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 1.15% | 1.12% | 1.08% | 0.27% | 0.04% |
| ▁▁▁███▃▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 1.31% | 1.29% | 1.30% | 0.33% | 0.05% |
| ▁▂▄▅▅▆▇█ | Tang. Book Value ($M) | $17 | $18 | $18 | $19 | $18 | $19 | $19 | $20 |
| ▁▁▄▄███▇ | Gross Loans ($M) | $146 | $148 | $159 | $160 | $175 | $174 | $177 | $173 |
| ▁▃▃▂▄▆█▇ | Total Deposits ($M) | $150 | $163 | $165 | $158 | $171 | $179 | $196 | $185 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 18% |