Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.68 | 0.89% |
| Return on Equity (%) | ▲ | 10.93% | +4.19 | 6.74% |
| Net Interest Margin (%) | ▲ | 4.99% | +0.95 | 4.04% |
| Efficiency Ratio (%) | ▲ | 54.37% | -11.02 | 65.40% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.27 | $0 |
| Cost of Funds (%) | ▲ | 0.79% | -0.25 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $135 | -0.53 | $135 |
| Gross Loans ($M) | ▲ | $80 | +1.72 | $79 |
| Loan Growth YoY (%) | ▲ | 68.39% | +2.44 | 65.95% |
| Total Deposits ($M) | ▼ | $115 | -1.87 | $117 |
| Shareholders Equity ($M) | ▲ | $20 | +1.34 | $18 |
| Tang. Book Value ($M) | ▲ | $20 | +1.34 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +1.47 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 68.39% | +2.44 | 65.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.39% | -0.34 | 2.73% |
| Allowance / Loans (%) | — | 2.22% | 0.13% | 2.09% |
| Net Charge-Off Ratio (%) | ▲ | 3.95% | -0.76 | 4.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▂▁▄▄▄█ | Net Interest Margin (%) | 4.28% | 4.19% | 4.19% | 4.04% | 4.43% | 4.46% | 4.50% | 4.99% |
| ▂▁▂▁▄▃▃█ | Return on Assets (%) | 0.93% | 0.84% | 0.94% | 0.89% | 1.12% | 1.03% | 1.10% | 1.58% |
| ▇███▅▇▆▁ | Efficiency Ratio (%) | 64.2% | 66.6% | 65.4% | 65.4% | 61.4% | 63.9% | 63.4% | 54.4% |
| ▅██▆▃▂▂▁ | Cost of Funds (%) | 1.00% | 1.14% | 1.16% | 1.04% | 0.92% | 0.87% | 0.84% | 0.79% |
| ▃▁▆█▇▇▆▄ | NPA / Assets (%) | 2.39% | 2.19% | 2.54% | 2.73% | 2.61% | 2.65% | 2.54% | 2.39% |
| ▂▁▆█▆▆▄▃ | Net Charge-Off Ratio (%) | 3.77% | 3.58% | 4.31% | 4.70% | 4.36% | 4.31% | 4.12% | 3.95% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $17 | $18 | $18 | $18 | $18 | $19 | $19 | $20 |
| █▆▂▁▄▆█▇ | Gross Loans ($M) | $81 | $80 | $79 | $79 | $80 | $80 | $81 | $80 |
| ▁▆██▆▁▅▆ | Total Deposits ($M) | $110 | $115 | $117 | $117 | $115 | $111 | $114 | $115 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 7% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |