Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.80% | -0.02 | 0.82% |
| Return on Equity (%) | ▲ | 8.71% | +3.05 | 5.66% |
| Net Interest Margin (%) | ▼ | 4.56% | -1.10 | 5.66% |
| Efficiency Ratio (%) | ▲ | 72.73% | -3.74 | 76.47% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.64 | $1 |
| Cost of Funds (%) | ▲ | 1.57% | -0.11 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $539 | +253.71 | $285 |
| Gross Loans ($M) | ▲ | $268 | +53.68 | $214 |
| Loan Growth YoY (%) | ▼ | 54.72% | -34.62 | 89.34% |
| Total Deposits ($M) | ▲ | $485 | +247.30 | $238 |
| Shareholders Equity ($M) | ▲ | $49 | +7.31 | $41 |
| Tang. Book Value ($M) | ▲ | $49 | +7.31 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +13.45 | $43 |
| Loan / Deposit Ratio (%) | ▼ | 54.72% | -34.62 | 89.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.93% | 0.06% | 0.87% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▇▇▆▅▁ | Net Interest Margin (%) | 5.67% | 5.83% | 5.79% | 5.66% | 5.52% | 5.46% | 5.24% | 4.56% |
| ▆██▁▁▁▂▁ | Return on Assets (%) | 1.08% | 1.18% | 1.24% | 0.82% | 0.83% | 0.85% | 0.89% | 0.80% |
| ▆▂▁█▆▅▃▄ | Efficiency Ratio (%) | 74.6% | 71.1% | 69.5% | 76.5% | 74.7% | 73.0% | 71.9% | 72.7% |
| ▄▃▅▃▅█▂▁ | Cost of Funds (%) | 1.72% | 1.68% | 1.76% | 1.68% | 1.75% | 1.90% | 1.61% | 1.57% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▃▃▄▅█ | Tang. Book Value ($M) | $39 | $40 | $40 | $41 | $42 | $43 | $44 | $49 |
| ▁▃▄▅▆███ | Gross Loans ($M) | $145 | $178 | $201 | $214 | $236 | $253 | $262 | $268 |
| ▁▁▁▂▃▄▇█ | Total Deposits ($M) | $198 | $207 | $233 | $238 | $288 | $320 | $423 | $485 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 19% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 7% |