Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.18% | +1.64 | -1.46% |
| Return on Equity (%) | ▲ | 2.06% | +18.25 | -16.19% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.42 | 3.43% |
| Efficiency Ratio (%) | ▲ | 89.50% | -44.70 | 134.20% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.90 | $-1 |
| Cost of Funds (%) | ▲ | 2.44% | -0.87 | 3.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $283 | +61.01 | $222 |
| Gross Loans ($M) | ▲ | $236 | +42.96 | $193 |
| Loan Growth YoY (%) | ▼ | 92.12% | -4.13 | 96.25% |
| Total Deposits ($M) | ▲ | $255 | +55.50 | $199 |
| Shareholders Equity ($M) | ▲ | $25 | +4.85 | $20 |
| Tang. Book Value ($M) | ▲ | $25 | +4.85 | $20 |
| Loan / Deposit Ratio (%) | ▼ | 92.12% | -4.13 | 96.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.02 | 0.31% |
| Allowance / Loans (%) | — | 0.81% | -0.14% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.02 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.61% | -0.05 | 11.66% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▁▅▇█ | Net Interest Margin (%) | 3.30% | 3.35% | 3.32% | 3.43% | 3.35% | 3.60% | 3.73% | 3.85% |
| ▁▁▂▅▄▆▇█ | Return on Assets (%) | -3.42% | -3.07% | -2.56% | -1.46% | -1.78% | -1.13% | -0.69% | 0.18% |
| ██▇▅▆▄▃▁ | Efficiency Ratio (%) | 177.0% | 167.1% | 156.0% | 134.2% | 144.9% | 124.2% | 112.9% | 89.5% |
| ▇█▇▆▄▂▁▁ | Cost of Funds (%) | 3.45% | 3.73% | 3.52% | 3.31% | 3.00% | 2.65% | 2.37% | 2.44% |
| ▁▂▁▁█▁▁▁ | NPA / Assets (%) | 0.37% | 0.42% | 0.28% | 0.31% | 1.20% | 0.34% | 0.30% | 0.33% |
| ▁▂▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.41% | 0.47% | 0.34% | 0.35% | 1.36% | 0.39% | 0.35% | 0.37% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $16 | $18 | $19 | $20 | $21 | $22 | $24 | $25 |
| ▁▂▃▄▅▇██ | Gross Loans ($M) | $160 | $178 | $185 | $193 | $205 | $219 | $232 | $236 |
| ▁▃▄▄▅▇██ | Total Deposits ($M) | $147 | $180 | $196 | $199 | $207 | $232 | $255 | $255 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 33% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 20% |