Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.55% | +0.29 | 0.26% |
| Return on Equity (%) | ▲ | 6.91% | +3.48 | 3.43% |
| Net Interest Margin (%) | ▲ | 3.00% | +0.21 | 2.79% |
| Efficiency Ratio (%) | ▲ | 71.65% | -9.27 | 80.91% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.37 | $0 |
| Cost of Funds (%) | ▼ | 2.52% | +0.08 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $384 | +66.06 | $318 |
| Gross Loans ($M) | ▲ | $307 | +51.75 | $255 |
| Loan Growth YoY (%) | ▼ | 101.10% | -0.11 | 101.20% |
| Total Deposits ($M) | ▲ | $301 | +50.54 | $251 |
| Shareholders Equity ($M) | ▲ | $34 | +9.92 | $24 |
| Tang. Book Value ($M) | ▲ | $34 | +9.92 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +10.18 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 101.10% | -0.11 | 101.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.00 | 0.02% |
| Allowance / Loans (%) | — | 0.77% | 0.20% | 0.57% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.00 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.47% | +1.61 | 11.86% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▁▂▂▂▃█ | Net Interest Margin (%) | 2.80% | 2.76% | 2.73% | 2.79% | 2.78% | 2.80% | 2.81% | 3.00% |
| ▂▂▂▁▁▁▁█ | Return on Assets (%) | 0.27% | 0.29% | 0.28% | 0.26% | 0.22% | 0.23% | 0.24% | 0.55% |
| ███▆▇▆▅▁ | Efficiency Ratio (%) | 83.0% | 83.1% | 84.0% | 80.9% | 81.8% | 80.1% | 77.9% | 71.6% |
| ▁▅▇▅█▇█▇ | Cost of Funds (%) | 2.20% | 2.41% | 2.52% | 2.44% | 2.61% | 2.55% | 2.58% | 2.52% |
| ▂▃█▁▁▁▁▁ | NPA / Assets (%) | 0.07% | 0.10% | 0.28% | 0.02% | 0.04% | 0.04% | 0.03% | 0.03% |
| ▂▃█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.09% | 0.12% | 0.35% | 0.03% | 0.04% | 0.05% | 0.04% | 0.03% |
| ▁▁▁▁▂▂▃█ | Tang. Book Value ($M) | $23 | $24 | $24 | $24 | $25 | $25 | $26 | $34 |
| ▁▂▂▃▄▆██ | Gross Loans ($M) | $234 | $246 | $249 | $255 | $263 | $285 | $303 | $307 |
| ▁▁▁▁▂▄▇█ | Total Deposits ($M) | $251 | $251 | $248 | $251 | $256 | $274 | $292 | $301 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 13% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 32% |