Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.43% | +0.13 | 0.30% |
| Return on Equity (%) | ▲ | 4.61% | +1.65 | 2.96% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.65 | 2.28% |
| Efficiency Ratio (%) | ▲ | 72.08% | -8.11 | 80.20% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.26 | $0 |
| Cost of Funds (%) | ▲ | 2.96% | -0.43 | 3.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $269 | +34.22 | $235 |
| Gross Loans ($M) | ▲ | $238 | +50.70 | $187 |
| Loan Growth YoY (%) | ▲ | 98.85% | +8.97 | 89.88% |
| Total Deposits ($M) | ▲ | $239 | +32.32 | $206 |
| Shareholders Equity ($M) | ▲ | $25 | +1.56 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +1.56 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 98.85% | +8.97 | 89.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.33 | 0.00% |
| Allowance / Loans (%) | — | 0.76% | -0.08% | 0.84% |
| Net Charge-Off Ratio (%) | ▼ | 0.38% | +0.38 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.04% | 2.05% | 2.12% | 2.28% | 2.42% | 2.59% | 2.69% | 2.93% |
| ▁▁▂▅▅▅█▇ | Return on Assets (%) | 0.05% | 0.07% | 0.11% | 0.30% | 0.30% | 0.32% | 0.49% | 0.43% |
| ██▇▃▄▃▁▁ | Efficiency Ratio (%) | 95.3% | 94.1% | 91.4% | 80.2% | 81.0% | 78.8% | 73.7% | 72.1% |
| ███▅▆▅▁▁ | Cost of Funds (%) | 3.67% | 3.70% | 3.63% | 3.40% | 3.52% | 3.41% | 3.03% | 2.96% |
| ▁▁▁▁▁▁▄█ | NPA / Assets (%) | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.14% | 0.33% |
| ▁▁▁▁▁▁▄█ | Net Charge-Off Ratio (%) | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.17% | 0.38% |
| ▁▂▁▂▄▅██ | Tang. Book Value ($M) | $23 | $23 | $23 | $23 | $23 | $24 | $24 | $25 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $162 | $165 | $180 | $187 | $194 | $213 | $224 | $238 |
| ▁▃▄▅▅▅██ | Total Deposits ($M) | $156 | $183 | $191 | $206 | $207 | $205 | $229 | $239 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 20% |