Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.70 | 0.40% |
| Return on Equity (%) | ▲ | 9.35% | +5.94 | 3.41% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.52 | 3.12% |
| Efficiency Ratio (%) | ▲ | 61.73% | -24.65 | 86.38% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.57 | $0 |
| Cost of Funds (%) | ▲ | 2.72% | -0.07 | 2.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $226 | +5.69 | $220 |
| Gross Loans ($M) | ▲ | $205 | +11.23 | $194 |
| Loan Growth YoY (%) | ▲ | 105.29% | +2.22 | 103.07% |
| Total Deposits ($M) | ▲ | $192 | +6.61 | $186 |
| Shareholders Equity ($M) | ▲ | $27 | +1.32 | $26 |
| Tang. Book Value ($M) | ▲ | $27 | +1.32 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 105.29% | +2.22 | 103.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.30% | -0.09 | 0.39% |
| Allowance / Loans (%) | — | 1.20% | 0.01% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -0.12 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▅▆▆█ | Net Interest Margin (%) | 2.91% | 3.02% | 3.07% | 3.12% | 3.31% | 3.43% | 3.45% | 3.64% |
| ▁▂▁▂▃▃▃█ | Return on Assets (%) | 0.21% | 0.33% | 0.29% | 0.40% | 0.45% | 0.54% | 0.48% | 1.10% |
| ███▇▇▆▆▁ | Efficiency Ratio (%) | 91.9% | 88.3% | 90.0% | 86.4% | 84.6% | 83.1% | 82.3% | 61.7% |
| ▆█▇▂▄▆▂▁ | Cost of Funds (%) | 2.90% | 3.00% | 2.95% | 2.79% | 2.84% | 2.90% | 2.76% | 2.72% |
| ▁▆▆▃▃█▃▁ | NPA / Assets (%) | 0.24% | 0.64% | 0.65% | 0.39% | 0.40% | 0.80% | 0.40% | 0.30% |
| ▁▅▅▅▄█▅▄ | Net Charge-Off Ratio (%) | 0.00% | 0.46% | 0.46% | 0.45% | 0.44% | 0.89% | 0.44% | 0.33% |
| ▁▂▃▄▅▇▇█ | Tang. Book Value ($M) | $25 | $25 | $25 | $26 | $26 | $26 | $27 | $27 |
| ▁▁▁▂▅▅█▇ | Gross Loans ($M) | $192 | $190 | $191 | $194 | $200 | $199 | $207 | $205 |
| ▂▂▁▅▄▅█▇ | Total Deposits ($M) | $179 | $178 | $175 | $186 | $185 | $186 | $196 | $192 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 13% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 20% |