Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.77% | +0.55 | 2.22% |
| Return on Equity (%) | ▼ | 34.54% | -4.18 | 38.72% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.78 | 2.81% |
| Efficiency Ratio (%) | ▲ | 27.23% | -4.75 | 31.98% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.87 | $3 |
| Cost of Funds (%) | ▲ | 0.14% | -0.74 | 0.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $343 | +40.47 | $302 |
| Gross Loans ($M) | — | $0 | 0.00 | $0 |
| Loan Growth YoY (%) | — | 0.00% | 0.00 | 0.00% |
| Total Deposits ($M) | ▲ | $311 | +31.13 | $279 |
| Shareholders Equity ($M) | ▲ | $28 | +7.60 | $21 |
| Tang. Book Value ($M) | ▲ | $28 | +7.60 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +9.47 | $30 |
| Loan / Deposit Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.00% | — | 0.00% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 54.64% | +7.12 | 47.51% |
Noninterest income ($1.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▄▁▃▄▅█ | Net Interest Margin (%) | 3.48% | 3.37% | 3.19% | 2.81% | 3.04% | 3.18% | 3.28% | 3.58% |
| ▇▆▄▁▃▄▄█ | Return on Assets (%) | 2.69% | 2.61% | 2.47% | 2.22% | 2.36% | 2.48% | 2.48% | 2.77% |
| ▄▅▆█▆▄▃▁ | Efficiency Ratio (%) | 29.2% | 29.9% | 30.7% | 32.0% | 30.8% | 29.5% | 28.6% | 27.2% |
| ██▇▇▆▅▁▁ | Cost of Funds (%) | 1.07% | 1.08% | 0.90% | 0.88% | 0.83% | 0.71% | 0.26% | 0.14% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▂▄▁▃▅███ | Tang. Book Value ($M) | $19 | $22 | $17 | $21 | $24 | $27 | $28 | $28 |
| ▄▄▄▄▄▄▄▄ | Gross Loans ($M) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| ▁▁█▂▄▆█▆ | Total Deposits ($M) | $263 | $270 | $330 | $279 | $293 | $313 | $327 | $311 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 100% |