Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.19% | -0.07 | 0.26% |
| Return on Equity (%) | ▼ | 3.17% | -3.37 | 6.54% |
| Net Interest Margin (%) | ▲ | 2.58% | +0.51 | 2.07% |
| Efficiency Ratio (%) | ▼ | 91.51% | +0.56 | 90.95% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.01 | $0 |
| Cost of Funds (%) | ▲ | 1.77% | -0.26 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $210 | -20.61 | $231 |
| Gross Loans ($M) | ▲ | $66 | +1.58 | $65 |
| Loan Growth YoY (%) | ▲ | 37.18% | +6.83 | 30.36% |
| Total Deposits ($M) | ▼ | $175 | -34.26 | $210 |
| Shareholders Equity ($M) | ▲ | $13 | +3.55 | $9 |
| Tang. Book Value ($M) | ▲ | $13 | +3.55 | $9 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +2.42 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 37.18% | +6.83 | 30.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.03 | 0.06% |
| Allowance / Loans (%) | — | 1.37% | -0.01% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.12 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.68% | +2.06 | 17.61% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▄▂▁▂▃█ | Net Interest Margin (%) | 2.29% | 2.30% | 2.23% | 2.07% | 1.98% | 2.08% | 2.17% | 2.58% |
| ██▇▂▁▁▄▁ | Return on Assets (%) | 0.47% | 0.49% | 0.43% | 0.26% | 0.20% | 0.22% | 0.32% | 0.19% |
| ▁▁▂▇█▇▅▇ | Efficiency Ratio (%) | 79.2% | 77.1% | 79.7% | 90.9% | 94.3% | 92.1% | 86.5% | 91.5% |
| ▂▁▄▃█▆▃▁ | Cost of Funds (%) | 1.95% | 1.76% | 2.08% | 2.03% | 2.60% | 2.31% | 2.07% | 1.77% |
| ▁▁▁█▁▁▂▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.06% | 0.00% | 0.01% | 0.01% | 0.03% |
| ▁▁▁█▁▁▂▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.01% | 0.20% | 0.02% | 0.02% | 0.04% | 0.09% |
| ▁▇▂▂▁▆██ | Tang. Book Value ($M) | $9 | $12 | $9 | $9 | $8 | $11 | $13 | $13 |
| ▁▂▁█████ | Gross Loans ($M) | $49 | $51 | $48 | $65 | $64 | $65 | $65 | $66 |
| ▄▄█▇█▅▅▁ | Total Deposits ($M) | $193 | $194 | $214 | $210 | $216 | $198 | $198 | $175 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 6% |