Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.46% | +0.04 | 0.42% |
| Return on Equity (%) | ▼ | 5.49% | -0.68 | 6.17% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.45 | 3.02% |
| Efficiency Ratio (%) | ▼ | 82.06% | +0.68 | 81.38% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▲ | 1.40% | -0.06 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $362 | -0.49 | $363 |
| Gross Loans ($M) | ▲ | $269 | +3.75 | $265 |
| Loan Growth YoY (%) | ▲ | 97.81% | +6.32 | 91.48% |
| Total Deposits ($M) | ▼ | $272 | -14.68 | $287 |
| Shareholders Equity ($M) | ▲ | $31 | +5.88 | $25 |
| Tang. Book Value ($M) | ▲ | $31 | +5.88 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +5.63 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 97.81% | +6.32 | 91.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.37 | 0.03% |
| Allowance / Loans (%) | — | 0.95% | -0.02% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.50 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▅█ | Net Interest Margin (%) | 2.90% | 2.93% | 2.93% | 3.02% | 3.11% | 3.20% | 3.21% | 3.46% |
| ▂▂▂▁▁▂█▁ | Return on Assets (%) | 0.57% | 0.55% | 0.56% | 0.42% | 0.51% | 0.57% | 1.30% | 0.46% |
| ██▇█▇▆▁█ | Efficiency Ratio (%) | 82.9% | 80.6% | 78.8% | 81.4% | 78.3% | 76.5% | 60.9% | 82.1% |
| ▃▅▂▃█▆▁▁ | Cost of Funds (%) | 1.46% | 1.53% | 1.44% | 1.46% | 1.61% | 1.55% | 1.40% | 1.40% |
| ▁▁▁▁▃▃▃█ | NPA / Assets (%) | 0.01% | 0.03% | 0.03% | 0.03% | 0.15% | 0.15% | 0.13% | 0.40% |
| ▁▁▁▁▃▃▃█ | Net Charge-Off Ratio (%) | 0.02% | 0.05% | 0.05% | 0.04% | 0.20% | 0.20% | 0.18% | 0.54% |
| ▁▃▁▂▃▅██ | Tang. Book Value ($M) | $24 | $26 | $24 | $25 | $26 | $27 | $31 | $31 |
| ▃▁▃▅▆▄██ | Gross Loans ($M) | $262 | $259 | $262 | $265 | $266 | $263 | $267 | $269 |
| ▄▅█▇▂▅▁▁ | Total Deposits ($M) | $279 | $282 | $290 | $287 | $273 | $280 | $270 | $272 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 16% |