Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.09% | -1.85 | 1.94% |
| Return on Equity (%) | ▼ | 0.86% | -16.32 | 17.18% |
| Net Interest Margin (%) | ▲ | 5.22% | +0.23 | 5.00% |
| Efficiency Ratio (%) | ▼ | 97.81% | +32.47 | 65.34% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.60 | $1 |
| Cost of Funds (%) | ▼ | 1.03% | +0.18 | 0.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $104 | +4.77 | $99 |
| Gross Loans ($M) | ▲ | $65 | +12.72 | $52 |
| Loan Growth YoY (%) | ▲ | 69.49% | +10.77 | 58.72% |
| Total Deposits ($M) | ▲ | $91 | +4.94 | $86 |
| Shareholders Equity ($M) | ▼ | $11 | -0.03 | $11 |
| Tang. Book Value ($M) | ▼ | $11 | -0.03 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 69.49% | +10.77 | 58.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 4.07% | -0.43 | 4.49% |
| Allowance / Loans (%) | — | 2.74% | -0.65% | 3.39% |
| Net Charge-Off Ratio (%) | ▲ | 6.49% | -0.57 | 7.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.31% | -2.85 | 20.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▁▃▃▄▃ | Net Interest Margin (%) | 5.62% | 5.68% | 5.50% | 5.00% | 5.20% | 5.20% | 5.29% | 5.22% |
| ▁▇▂█▄▃▂▁ | Return on Assets (%) | 0.11% | 1.56% | 0.43% | 1.94% | 0.92% | 0.60% | 0.42% | 0.09% |
| █▂▆▁▄▅▆█ | Efficiency Ratio (%) | 95.1% | 71.7% | 88.2% | 65.3% | 79.3% | 84.6% | 88.8% | 97.8% |
| ▁▂▄▅▇███ | Cost of Funds (%) | 0.57% | 0.64% | 0.78% | 0.86% | 0.95% | 1.01% | 1.01% | 1.03% |
| ▁▁█▇▃▁▁▆ | NPA / Assets (%) | 2.61% | 2.53% | 4.91% | 4.49% | 3.26% | 2.37% | 2.63% | 4.07% |
| ▃▃█▆▃▁▂▅ | Net Charge-Off Ratio (%) | 4.59% | 4.70% | 9.17% | 7.06% | 4.64% | 2.60% | 4.21% | 6.49% |
| ▁█▃▇▇▇▇▇ | Tang. Book Value ($M) | $10 | $11 | $11 | $11 | $11 | $11 | $11 | $11 |
| ▁▁▁▂▃▇██ | Gross Loans ($M) | $50 | $49 | $51 | $52 | $53 | $62 | $64 | $65 |
| ▁▁▃▅▆▆▇█ | Total Deposits ($M) | $78 | $79 | $82 | $86 | $86 | $87 | $89 | $91 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 3% |