Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.43 | 0.20% |
| Return on Equity (%) | ▲ | 6.37% | +4.60 | 1.77% |
| Net Interest Margin (%) | ▲ | 3.16% | +0.36 | 2.80% |
| Efficiency Ratio (%) | ▲ | 70.28% | -14.95 | 85.23% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.45 | $0 |
| Cost of Funds (%) | ▼ | 2.63% | +0.19 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $312 | +58.76 | $254 |
| Gross Loans ($M) | ▲ | $254 | +60.17 | $193 |
| Loan Growth YoY (%) | ▲ | 96.33% | +2.37 | 93.96% |
| Total Deposits ($M) | ▲ | $261 | +56.81 | $204 |
| Shareholders Equity ($M) | ▲ | $30 | +2.63 | $27 |
| Tang. Book Value ($M) | ▲ | $30 | +2.63 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +2.97 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 96.33% | +2.37 | 93.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.29 | 0.00% |
| Allowance / Loans (%) | — | 0.95% | 0.02% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.36 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▄▅▆█ | Net Interest Margin (%) | 2.34% | 2.45% | 2.53% | 2.80% | 2.74% | 2.77% | 2.89% | 3.16% |
| ▁▂▂▃▃▄▆█ | Return on Assets (%) | -0.06% | 0.05% | 0.11% | 0.20% | 0.17% | 0.27% | 0.38% | 0.63% |
| ██▆▅▄▃▂▁ | Efficiency Ratio (%) | 98.8% | 95.3% | 90.9% | 85.2% | 83.0% | 79.3% | 74.0% | 70.3% |
| ▆█▂▁▃▆█▄ | Cost of Funds (%) | 2.71% | 2.80% | 2.51% | 2.44% | 2.57% | 2.75% | 2.85% | 2.63% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.29% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.36% |
| ▁▁▂▂▅▆▇█ | Tang. Book Value ($M) | $27 | $27 | $27 | $27 | $29 | $29 | $30 | $30 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $167 | $169 | $181 | $193 | $210 | $225 | $239 | $254 |
| ▁▁▁▂▅█▇█ | Total Deposits ($M) | $190 | $193 | $197 | $204 | $229 | $255 | $244 | $261 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 19% |