Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.11% | +0.07 | -0.18% |
| Return on Equity (%) | ▲ | -0.93% | +0.65 | -1.58% |
| Net Interest Margin (%) | ▲ | 2.60% | +0.11 | 2.48% |
| Efficiency Ratio (%) | ▲ | 98.50% | -8.19 | 106.69% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.13 | $-0 |
| Cost of Funds (%) | ▲ | 1.95% | -0.19 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $248 | +2.40 | $246 |
| Gross Loans ($M) | ▼ | $175 | -11.28 | $186 |
| Loan Growth YoY (%) | ▼ | 86.64% | -7.01 | 93.65% |
| Total Deposits ($M) | ▲ | $200 | +2.45 | $197 |
| Shareholders Equity ($M) | ▼ | $28 | -0.19 | $28 |
| Tang. Book Value ($M) | ▼ | $28 | -0.18 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +0.23 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 86.64% | -7.01 | 93.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.71% | +0.81 | 0.90% |
| Allowance / Loans (%) | — | 0.97% | 0.29% | 0.67% |
| Net Charge-Off Ratio (%) | ▼ | 2.43% | +1.24 | 1.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▄▅▁▆▇█▆ | Net Interest Margin (%) | 2.63% | 2.57% | 2.57% | 2.48% | 2.61% | 2.63% | 2.65% | 2.60% |
| ██▇▄▁▁▄▅ | Return on Assets (%) | 0.20% | 0.13% | 0.10% | -0.18% | -0.39% | -0.44% | -0.13% | -0.11% |
| ▁▂▂█▅▆▄▄ | Efficiency Ratio (%) | 92.7% | 95.0% | 96.0% | 106.7% | 101.0% | 102.0% | 99.4% | 98.5% |
| █▇▇▄▂▃▃▁ | Cost of Funds (%) | 2.36% | 2.27% | 2.30% | 2.14% | 2.04% | 2.09% | 2.10% | 1.95% |
| ▁▁▁▃▃█▆▆ | NPA / Assets (%) | 0.31% | 0.37% | 0.41% | 0.90% | 0.84% | 2.38% | 1.72% | 1.71% |
| ▁▁▁▃▃█▆▆ | Net Charge-Off Ratio (%) | 0.39% | 0.48% | 0.51% | 1.18% | 1.14% | 3.30% | 2.38% | 2.43% |
| ▄█▂▅▁▁▅▄ | Tang. Book Value ($M) | $28 | $28 | $27 | $28 | $27 | $27 | $28 | $28 |
| █▇▆▅▂▂▁▁ | Gross Loans ($M) | $195 | $191 | $189 | $186 | $180 | $178 | $177 | $175 |
| ▆▆▁▄▁▆▁█ | Total Deposits ($M) | $199 | $199 | $196 | $197 | $196 | $199 | $196 | $200 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 1% |
| Interest-Bearing (core) | 89% |
| Brokered / Other | 10% |