Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.59 | 0.46% |
| Return on Equity (%) | ▲ | 9.64% | +5.34 | 4.30% |
| Net Interest Margin (%) | ▲ | 2.38% | +0.66 | 1.73% |
| Efficiency Ratio (%) | ▲ | 55.00% | -13.87 | 68.88% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.71 | $1 |
| Cost of Funds (%) | ▲ | 2.82% | -0.44 | 3.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $481 | +25.69 | $455 |
| Gross Loans ($M) | ▲ | $425 | +24.14 | $401 |
| Loan Growth YoY (%) | ▼ | 104.15% | -3.53 | 107.69% |
| Total Deposits ($M) | ▲ | $404 | +35.57 | $368 |
| Shareholders Equity ($M) | ▲ | $53 | +4.01 | $49 |
| Tang. Book Value ($M) | ▲ | $53 | +4.02 | $49 |
| Loan / Deposit Ratio (%) | ▼ | 104.15% | -3.53 | 107.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.40 | 0.00% |
| Allowance / Loans (%) | — | 1.06% | -0.04% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.45% | +0.45 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 1.18% | 1.20% | 1.29% | 1.73% | 1.84% | 1.92% | 2.03% | 2.38% |
| ▁▁▁▄▅▅▅█ | Return on Assets (%) | -0.01% | 0.01% | 0.09% | 0.46% | 0.52% | 0.54% | 0.59% | 1.04% |
| ██▇▂▂▂▁▁ | Efficiency Ratio (%) | 112.5% | 109.8% | 98.4% | 68.9% | 65.4% | 63.3% | 59.7% | 55.0% |
| ██▆▄▃▃▂▁ | Cost of Funds (%) | 3.91% | 3.90% | 3.63% | 3.27% | 3.21% | 3.15% | 2.97% | 2.82% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.40% | 0.40% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.44% | 0.45% |
| ▁▁▁▂▄▅▇█ | Tang. Book Value ($M) | $47 | $48 | $48 | $49 | $50 | $50 | $51 | $53 |
| ▁▃▃▂▄▆█▇ | Gross Loans ($M) | $393 | $404 | $404 | $401 | $408 | $418 | $431 | $425 |
| ▁▅▄▁▃██▇ | Total Deposits ($M) | $370 | $391 | $384 | $368 | $383 | $406 | $411 | $404 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 39% |