Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -2.14% | -3.64 | 1.50% |
| Return on Equity (%) | ▼ | -22.12% | -37.57 | 15.45% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.15 | 3.64% |
| Efficiency Ratio (%) | ▼ | 45.91% | +3.34 | 42.57% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.33 | $4 |
| Cost of Funds (%) | ▲ | 2.08% | -0.58 | 2.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $892 | +111.96 | $780 |
| Gross Loans ($M) | ▲ | $692 | +64.55 | $628 |
| Loan Growth YoY (%) | ▼ | 85.40% | -3.00 | 88.40% |
| Total Deposits ($M) | ▲ | $803 | +100.98 | $702 |
| Shareholders Equity ($M) | ▲ | $81 | +4.35 | $77 |
| Tang. Book Value ($M) | ▲ | $81 | +4.35 | $77 |
| TBV excl. AOCI ($M)** | ▲ | $84 | +4.11 | $79 |
| Loan / Deposit Ratio (%) | ▼ | 85.40% | -3.00 | 88.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.00% | -0.20% | 1.20% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.32% | -0.89 | 12.21% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▇▆█▇ | Net Interest Margin (%) | 3.53% | 3.58% | 3.58% | 3.64% | 3.80% | 3.77% | 3.86% | 3.78% |
| ███████▁ | Return on Assets (%) | 1.33% | 1.47% | 1.46% | 1.50% | 1.50% | 1.56% | 1.58% | -2.14% |
| ▁▁▂▄▆▄▄█ | Efficiency Ratio (%) | 39.9% | 39.5% | 40.4% | 42.6% | 43.8% | 42.4% | 42.5% | 45.9% |
| ▇█▅▄▄▃▁▁ | Cost of Funds (%) | 3.07% | 3.37% | 2.78% | 2.66% | 2.65% | 2.46% | 2.22% | 2.08% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▅▇█▆ | Tang. Book Value ($M) | $68 | $72 | $74 | $77 | $79 | $84 | $86 | $81 |
| ▁▁▃▄▆▇█▇ | Gross Loans ($M) | $560 | $576 | $610 | $628 | $656 | $692 | $712 | $692 |
| ▁▂▅▅▄▇▆█ | Total Deposits ($M) | $564 | $607 | $701 | $702 | $672 | $743 | $720 | $803 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 32% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 4% |