Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.50% | +0.36 | 0.14% |
| Return on Equity (%) | ▲ | 3.42% | +2.46 | 0.96% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.38 | 3.63% |
| Efficiency Ratio (%) | ▲ | 82.91% | -2.28 | 85.18% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.16 | $0 |
| Cost of Funds (%) | ▲ | 1.90% | -0.21 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $382 | +17.84 | $365 |
| Gross Loans ($M) | ▲ | $320 | +13.95 | $306 |
| Loan Growth YoY (%) | ▼ | 101.54% | -0.42 | 101.96% |
| Total Deposits ($M) | ▲ | $312 | +15.13 | $297 |
| Shareholders Equity ($M) | ▲ | $54 | +3.08 | $51 |
| Tang. Book Value ($M) | ▲ | $54 | +3.08 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +4.19 | $51 |
| Loan / Deposit Ratio (%) | ▼ | 101.54% | -0.42 | 101.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.85% | -0.09% | 0.94% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 3.41% | 3.46% | 3.53% | 3.63% | 3.69% | 3.77% | 3.84% | 4.01% |
| █▆▅▁▂▃▄▃ | Return on Assets (%) | 1.16% | 0.84% | 0.70% | 0.14% | 0.30% | 0.39% | 0.55% | 0.50% |
| ██▆▅▃▂▁▄ | Efficiency Ratio (%) | 90.8% | 89.6% | 86.8% | 85.2% | 82.1% | 80.9% | 77.8% | 82.9% |
| ▇█▅▄▅▃▄▁ | Cost of Funds (%) | 2.37% | 2.45% | 2.21% | 2.11% | 2.22% | 2.08% | 2.16% | 1.90% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▃▄▅██ | Tang. Book Value ($M) | $50 | $50 | $51 | $51 | $52 | $52 | $54 | $54 |
| ▁▂▃▇██▇█ | Gross Loans ($M) | $253 | $266 | $276 | $306 | $317 | $314 | $306 | $320 |
| ▁▂▃▆▇█▆█ | Total Deposits ($M) | $244 | $259 | $267 | $297 | $305 | $320 | $293 | $312 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 16% |