Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.35% | -0.18 | 0.54% |
| Return on Equity (%) | ▼ | 5.30% | -2.92 | 8.22% |
| Net Interest Margin (%) | ▼ | 3.44% | -0.49 | 3.94% |
| Efficiency Ratio (%) | ▼ | 84.00% | +15.56 | 68.44% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.37 | $1 |
| Cost of Funds (%) | ▼ | 2.13% | +0.42 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $270 | +26.84 | $243 |
| Gross Loans ($M) | ▲ | $222 | +25.59 | $196 |
| Loan Growth YoY (%) | ▲ | 103.32% | +0.46 | 102.86% |
| Total Deposits ($M) | ▲ | $213 | +24.16 | $189 |
| Shareholders Equity ($M) | ▲ | $18 | +1.84 | $16 |
| Tang. Book Value ($M) | ▲ | $18 | +1.84 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 103.32% | +0.46 | 102.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.43% | +1.07 | 0.36% |
| Allowance / Loans (%) | — | 0.76% | -0.22% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 1.42% | +1.34 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.08% | -0.10 | 12.19% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇█▇███▁ | Net Interest Margin (%) | 3.90% | 3.90% | 3.96% | 3.94% | 3.96% | 3.99% | 4.03% | 3.44% |
| ███▃▆██▁ | Return on Assets (%) | 0.91% | 0.88% | 0.92% | 0.54% | 0.71% | 0.87% | 0.88% | 0.35% |
| ▃▃▁▁▂▁▁█ | Efficiency Ratio (%) | 70.9% | 71.1% | 68.3% | 68.4% | 69.8% | 67.2% | 66.3% | 84.0% |
| ▁▁▂▁▂▂▃█ | Cost of Funds (%) | 1.70% | 1.70% | 1.75% | 1.70% | 1.79% | 1.76% | 1.85% | 2.13% |
| ▅▁▁▁▅▁▄█ | NPA / Assets (%) | 0.89% | 0.31% | 0.31% | 0.36% | 0.98% | 0.28% | 0.81% | 1.43% |
| ▄▁▁▁▅▁▄█ | Net Charge-Off Ratio (%) | 0.58% | 0.01% | 0.01% | 0.08% | 0.83% | 0.00% | 0.66% | 1.42% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $15 | $16 | $15 | $16 | $17 | $18 | $18 | $18 |
| ▁▁▂▃▅▆▇█ | Gross Loans ($M) | $186 | $187 | $193 | $196 | $205 | $210 | $216 | $222 |
| ▁▁▂▃▂▆▆█ | Total Deposits ($M) | $178 | $179 | $183 | $189 | $185 | $203 | $203 | $213 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 13% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 43% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 6% |