Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.39% | -0.20 | 1.59% |
| Return on Equity (%) | ▼ | 11.62% | -0.53 | 12.15% |
| Net Interest Margin (%) | ▼ | 4.34% | -0.21 | 4.55% |
| Efficiency Ratio (%) | ▼ | 63.67% | +10.09 | 53.58% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.37 | $2 |
| Cost of Funds (%) | ▲ | 1.22% | -0.11 | 1.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $358 | +16.72 | $341 |
| Gross Loans ($M) | ▼ | $247 | -21.74 | $269 |
| Loan Growth YoY (%) | ▼ | 77.75% | -12.51 | 90.26% |
| Total Deposits ($M) | ▲ | $314 | +19.91 | $294 |
| Shareholders Equity ($M) | ▼ | $42 | -2.81 | $45 |
| Tang. Book Value ($M) | ▼ | $42 | -2.81 | $45 |
| TBV excl. AOCI ($M)** | ▼ | $44 | -3.05 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 77.75% | -12.51 | 90.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.17% | +1.14 | 0.03% |
| Allowance / Loans (%) | — | 1.29% | -0.07% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 1.69% | +1.66 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇█▇███▁ | Net Interest Margin (%) | 4.51% | 4.55% | 4.59% | 4.55% | 4.56% | 4.58% | 4.59% | 4.34% |
| ▇█████▁▆ | Return on Assets (%) | 1.50% | 1.57% | 1.64% | 1.59% | 1.59% | 1.59% | 0.95% | 1.39% |
| ▂▁▁▁▁▁▁█ | Efficiency Ratio (%) | 55.2% | 54.4% | 53.2% | 53.6% | 53.5% | 54.4% | 54.1% | 63.7% |
| ▅█▃▂▄▆▃▁ | Cost of Funds (%) | 1.50% | 1.70% | 1.39% | 1.33% | 1.42% | 1.56% | 1.38% | 1.22% |
| ▁▁▁▁▁█▅▅ | NPA / Assets (%) | 0.01% | 0.02% | 0.04% | 0.03% | 0.03% | 2.28% | 1.25% | 1.17% |
| ▁▁▁▁▁█▅▅ | Net Charge-Off Ratio (%) | 0.01% | 0.02% | 0.05% | 0.03% | 0.03% | 2.89% | 1.62% | 1.69% |
| ▆█▃▄▆▇▁▂ | Tang. Book Value ($M) | $47 | $49 | $43 | $45 | $46 | $48 | $41 | $42 |
| █▄▇█▆▇▅▁ | Gross Loans ($M) | $269 | $257 | $265 | $269 | $262 | $267 | $261 | $247 |
| ▃▁▁▄▄▂▂█ | Total Deposits ($M) | $289 | $280 | $283 | $294 | $296 | $288 | $288 | $314 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |