Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.16% | -0.13 | 1.29% |
| Return on Equity (%) | ▼ | 12.64% | -1.94 | 14.58% |
| Net Interest Margin (%) | ▼ | 4.39% | -0.00 | 4.39% |
| Efficiency Ratio (%) | ▲ | 57.86% | -0.31 | 58.17% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.01 | $0 |
| Cost of Funds (%) | ▲ | 1.77% | -0.05 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $104 | -0.49 | $105 |
| Gross Loans ($M) | ▲ | $83 | +2.52 | $81 |
| Loan Growth YoY (%) | ▲ | 88.42% | +2.83 | 85.59% |
| Total Deposits ($M) | ▼ | $92 | -0.20 | $93 |
| Shareholders Equity ($M) | ▼ | $9 | -0.24 | $9 |
| Tang. Book Value ($M) | ▼ | $8 | -0.24 | $8 |
| Loan / Deposit Ratio (%) | ▲ | 88.42% | +2.83 | 85.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.57% | +1.30 | 0.27% |
| Allowance / Loans (%) | — | 1.54% | 0.04% | 1.50% |
| Net Charge-Off Ratio (%) | ▼ | 1.97% | +1.62 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.41% | -1.31 | 12.72% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇███▇ | Net Interest Margin (%) | 3.85% | 3.85% | 4.01% | 4.39% | 4.46% | 4.46% | 4.48% | 4.39% |
| ▁▂▃████▆ | Return on Assets (%) | 0.59% | 0.69% | 0.82% | 1.29% | 1.36% | 1.34% | 1.33% | 1.16% |
| █▇▅▁▁▁▁▁ | Efficiency Ratio (%) | 71.6% | 68.3% | 64.8% | 58.2% | 57.1% | 57.4% | 57.4% | 57.9% |
| ▇▃█▃▅▅▃▁ | Cost of Funds (%) | 1.90% | 1.83% | 1.93% | 1.82% | 1.87% | 1.85% | 1.81% | 1.77% |
| ▁▁▁▁▃▁▇█ | NPA / Assets (%) | 0.20% | 0.18% | 0.29% | 0.27% | 0.58% | 0.23% | 1.27% | 1.57% |
| ▁▁▁▁▃▁▇█ | Net Charge-Off Ratio (%) | 0.26% | 0.24% | 0.38% | 0.35% | 0.75% | 0.31% | 1.74% | 1.97% |
| ▁▃▃▃▅▇█▂ | Tang. Book Value ($M) | $8 | $8 | $8 | $8 | $9 | $9 | $10 | $8 |
| ▁▅▄▆▇▆▆█ | Gross Loans ($M) | $76 | $80 | $79 | $81 | $82 | $81 | $80 | $83 |
| ▁▇▆▅▆██▅ | Total Deposits ($M) | $86 | $96 | $94 | $93 | $94 | $97 | $97 | $92 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 17% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 18% |