Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.93% | +2.45 | -1.52% |
| Return on Equity (%) | ▲ | 9.79% | +22.59 | -12.80% |
| Net Interest Margin (%) | ▼ | 3.94% | -1.57 | 5.51% |
| Efficiency Ratio (%) | ▼ | 63.74% | +10.43 | 53.31% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.29 | $1 |
| Cost of Funds (%) | ▲ | 3.14% | -0.11 | 3.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $248 | +44.19 | $204 |
| Gross Loans ($M) | ▲ | $213 | +26.60 | $186 |
| Loan Growth YoY (%) | ▼ | 103.85% | -9.84 | 113.69% |
| Total Deposits ($M) | ▲ | $202 | +41.09 | $161 |
| Shareholders Equity ($M) | ▲ | $24 | +2.23 | $22 |
| Tang. Book Value ($M) | ▲ | $24 | +2.23 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 103.85% | -9.84 | 113.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 7.70% | +6.22 | 1.48% |
| Allowance / Loans (%) | — | 1.68% | -0.38% | 2.06% |
| Net Charge-Off Ratio (%) | ▼ | 8.89% | +7.28 | 1.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -13.45 | 13.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▇▇▄▃▁ | Net Interest Margin (%) | 5.98% | 5.94% | 5.86% | 5.51% | 5.49% | 4.81% | 4.66% | 3.94% |
| ███▁▆▆▇▆ | Return on Assets (%) | 2.15% | 2.08% | 1.78% | -1.52% | 0.89% | 1.05% | 1.25% | 0.93% |
| ▅▅▄▂▁▃▄█ | Efficiency Ratio (%) | 57.5% | 57.3% | 55.9% | 53.3% | 50.6% | 55.1% | 56.6% | 63.7% |
| ▃▁▂▅▆█▇▄ | Cost of Funds (%) | 3.10% | 2.93% | 3.02% | 3.25% | 3.30% | 3.48% | 3.39% | 3.14% |
| ▁▁▂▂▂█▇█ | NPA / Assets (%) | 0.39% | 0.79% | 1.67% | 1.48% | 2.14% | 6.90% | 6.11% | 7.70% |
| ▁▁▂▂▂▇▇█ | Net Charge-Off Ratio (%) | 0.44% | 0.89% | 1.85% | 1.61% | 2.33% | 7.76% | 7.19% | 8.89% |
| ▅▅▅▁▄▄▇█ | Tang. Book Value ($M) | $23 | $23 | $23 | $22 | $23 | $23 | $24 | $24 |
| ▁▂▄▆████ | Gross Loans ($M) | $113 | $133 | $158 | $186 | $209 | $217 | $217 | $213 |
| ▁▁▂▆▆███ | Total Deposits ($M) | $78 | $93 | $107 | $161 | $176 | $195 | $209 | $202 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 35% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 9% |