Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.19 | 0.89% |
| Return on Equity (%) | ▲ | 12.28% | +2.79 | 9.49% |
| Net Interest Margin (%) | ▼ | 4.23% | -0.01 | 4.24% |
| Efficiency Ratio (%) | ▲ | 67.73% | -4.49 | 72.22% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.30 | $1 |
| Cost of Funds (%) | ▼ | 2.26% | +0.10 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $309 | +60.44 | $249 |
| Gross Loans ($M) | ▲ | $271 | +62.34 | $209 |
| Loan Growth YoY (%) | ▲ | 98.16% | +3.76 | 94.39% |
| Total Deposits ($M) | ▲ | $274 | +54.49 | $219 |
| Shareholders Equity ($M) | ▲ | $28 | +5.39 | $23 |
| Tang. Book Value ($M) | ▲ | $28 | +5.39 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 98.16% | +3.76 | 94.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.97% | -0.00% | 0.98% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.45% | -0.72 | 11.17% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆███▆ | Net Interest Margin (%) | 3.91% | 3.94% | 4.05% | 4.24% | 4.33% | 4.32% | 4.36% | 4.23% |
| ▁▅▇▂▆▆▆█ | Return on Assets (%) | 0.86% | 0.97% | 1.04% | 0.89% | 1.02% | 1.00% | 1.01% | 1.08% |
| ▅▂▁█▅▆▅▁ | Efficiency Ratio (%) | 70.2% | 68.3% | 67.6% | 72.2% | 70.3% | 70.5% | 70.1% | 67.7% |
| ▆█▅▁▄▃▂▂ | Cost of Funds (%) | 2.50% | 2.66% | 2.47% | 2.16% | 2.35% | 2.35% | 2.28% | 2.26% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▂▂▃▄█ | Tang. Book Value ($M) | $22 | $23 | $23 | $23 | $23 | $24 | $24 | $28 |
| ▁▁▂▂▄▅▆█ | Gross Loans ($M) | $194 | $199 | $204 | $209 | $225 | $237 | $247 | $271 |
| ▁▁▁▁▃▅▇█ | Total Deposits ($M) | $212 | $215 | $213 | $219 | $228 | $247 | $259 | $274 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 5% |
| Consumer | 7% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 46% |