Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.65% | -0.59 | 1.24% |
| Return on Equity (%) | ▼ | 4.52% | -3.56 | 8.08% |
| Net Interest Margin (%) | ▼ | 3.95% | -0.78 | 4.74% |
| Efficiency Ratio (%) | ▼ | 83.94% | +11.46 | 72.49% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.14 | $0 |
| Cost of Funds (%) | ▲ | 1.34% | -0.12 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $115 | +7.67 | $108 |
| Gross Loans ($M) | ▲ | $45 | +0.61 | $44 |
| Loan Growth YoY (%) | ▼ | 45.50% | -2.74 | 48.24% |
| Total Deposits ($M) | ▲ | $97 | +7.67 | $89 |
| Shareholders Equity ($M) | ▲ | $17 | +0.08 | $17 |
| Tang. Book Value ($M) | ▲ | $17 | +0.08 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +0.06 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 45.50% | -2.74 | 48.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.48% | -0.61 | 1.09% |
| Allowance / Loans (%) | — | 1.47% | -0.99% | 2.45% |
| Net Charge-Off Ratio (%) | ▲ | 0.49% | -1.12 | 1.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▅▃▃▃▁ | Net Interest Margin (%) | 5.31% | 5.29% | 4.98% | 4.74% | 4.36% | 4.38% | 4.36% | 3.95% |
| ▄█▄▆▇█▁▂ | Return on Assets (%) | 1.00% | 1.52% | 0.93% | 1.24% | 1.31% | 1.50% | 0.48% | 0.65% |
| ▂▁▃▄▃▂▆█ | Efficiency Ratio (%) | 69.7% | 65.4% | 71.3% | 72.5% | 70.9% | 67.9% | 79.0% | 83.9% |
| ▁▃▇████▇ | Cost of Funds (%) | 0.75% | 0.96% | 1.33% | 1.47% | 1.44% | 1.42% | 1.41% | 1.34% |
| █▇▇▅█▂▁▁ | NPA / Assets (%) | 1.58% | 1.34% | 1.35% | 1.09% | 1.47% | 0.67% | 0.45% | 0.48% |
| ▇▆█▅█▂▁▁ | Net Charge-Off Ratio (%) | 2.06% | 1.81% | 2.28% | 1.61% | 2.51% | 0.64% | 0.29% | 0.49% |
| ▁▄▃▅▆█▅▅ | Tang. Book Value ($M) | $15 | $16 | $16 | $17 | $17 | $18 | $17 | $17 |
| ▅▁▂▅██▇▆ | Gross Loans ($M) | $45 | $42 | $43 | $44 | $46 | $46 | $45 | $45 |
| ▁▁▆▆▆▇██ | Total Deposits ($M) | $71 | $74 | $89 | $89 | $91 | $93 | $98 | $97 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 18% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 35% |
| Brokered / Other | 30% |