Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.18% | -1.62 | 1.80% |
| Return on Equity (%) | ▼ | 1.61% | -14.94 | 16.55% |
| Net Interest Margin (%) | ▼ | 5.01% | -1.38 | 6.39% |
| Efficiency Ratio (%) | ▼ | 84.98% | +27.68 | 57.30% |
| Pre-Provision Profit ($M) | ▼ | $1 | -1.93 | $3 |
| Cost of Funds (%) | ▲ | 2.02% | -0.14 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $359 | +32.15 | $327 |
| Gross Loans ($M) | ▲ | $240 | +8.86 | $231 |
| Loan Growth YoY (%) | ▼ | 74.17% | -4.65 | 78.83% |
| Total Deposits ($M) | ▲ | $317 | +29.61 | $288 |
| Shareholders Equity ($M) | ▲ | $39 | +2.56 | $36 |
| Tang. Book Value ($M) | ▲ | $35 | +1.64 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 74.17% | -4.65 | 78.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.28% | -0.11 | 3.39% |
| Allowance / Loans (%) | — | 1.83% | 0.05% | 1.78% |
| Net Charge-Off Ratio (%) | ▲ | 3.33% | -0.14 | 3.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▂▂█▆▆▇▁ | Net Interest Margin (%) | 5.56% | 5.29% | 5.21% | 6.39% | 5.94% | 5.95% | 6.06% | 5.01% |
| ▄▃▃█▅▄▅▁ | Return on Assets (%) | 0.88% | 0.60% | 0.73% | 1.80% | 1.18% | 0.99% | 1.18% | 0.18% |
| ▅▆▆▁▃▅▄█ | Efficiency Ratio (%) | 74.2% | 76.4% | 76.5% | 57.3% | 67.2% | 71.4% | 70.4% | 85.0% |
| ▅█▆▂▃▂▂▁ | Cost of Funds (%) | 2.42% | 2.78% | 2.57% | 2.17% | 2.23% | 2.21% | 2.17% | 2.02% |
| ▁▇█▇█▂▄▇ | NPA / Assets (%) | 2.08% | 3.43% | 3.65% | 3.39% | 3.48% | 2.44% | 2.79% | 3.28% |
| ▃██▇▃▁▃▇ | Net Charge-Off Ratio (%) | 2.65% | 3.48% | 3.65% | 3.48% | 2.78% | 2.28% | 2.76% | 3.33% |
| ▁▃▆▆▇▇██ | Tang. Book Value ($M) | $29 | $31 | $33 | $33 | $33 | $34 | $35 | $35 |
| ██▆▂▃▁▂▅ | Gross Loans ($M) | $252 | $253 | $245 | $231 | $235 | $225 | $230 | $240 |
| ▄▆▁▁▁▃▃█ | Total Deposits ($M) | $301 | $307 | $291 | $288 | $290 | $295 | $295 | $317 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 20% |