Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.06% | +0.72 | -0.66% |
| Return on Equity (%) | ▲ | 0.58% | +7.17 | -6.59% |
| Net Interest Margin (%) | ▲ | 2.00% | +0.51 | 1.49% |
| Efficiency Ratio (%) | ▲ | 94.66% | -59.32 | 153.98% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.61 | $-1 |
| Cost of Funds (%) | ▲ | 3.08% | -0.28 | 3.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $285 | +16.47 | $269 |
| Gross Loans ($M) | ▲ | $227 | +4.06 | $223 |
| Loan Growth YoY (%) | ▼ | 112.52% | -12.53 | 125.05% |
| Total Deposits ($M) | ▲ | $199 | +23.71 | $176 |
| Shareholders Equity ($M) | ▲ | $29 | +2.22 | $27 |
| Tang. Book Value ($M) | ▲ | $29 | +2.22 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.13 | $28 |
| Loan / Deposit Ratio (%) | ▼ | 112.52% | -12.53 | 125.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.00% | -0.29% | 1.29% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -14.86 | 14.86% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▆▆▇█ | Net Interest Margin (%) | 1.34% | 1.34% | 1.35% | 1.49% | 1.78% | 1.76% | 1.84% | 2.00% |
| ▂▁▁▃▆▇██ | Return on Assets (%) | -0.85% | -1.01% | -0.99% | -0.66% | -0.18% | -0.10% | 0.15% | 0.06% |
| ▇██▆▂▂▁▁ | Efficiency Ratio (%) | 169.9% | 187.9% | 180.8% | 154.0% | 117.9% | 115.3% | 100.5% | 94.7% |
| ▇▇█▃▄▂▃▁ | Cost of Funds (%) | 3.77% | 3.79% | 3.92% | 3.37% | 3.43% | 3.26% | 3.36% | 3.08% |
| ██▃▁▁▁▁▁ | NPA / Assets (%) | 0.08% | 0.07% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ██▃▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.09% | 0.09% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▆▅▁▁▅▆██ | Tang. Book Value ($M) | $28 | $28 | $27 | $27 | $28 | $28 | $29 | $29 |
| █▄▃▄▁▃▄▅ | Gross Loans ($M) | $234 | $224 | $220 | $223 | $215 | $220 | $223 | $227 |
| ▅▅▁▂▁▄▆█ | Total Deposits ($M) | $186 | $187 | $171 | $176 | $173 | $185 | $191 | $199 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 6% |