Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.10% | -0.07 | 0.17% |
| Return on Equity (%) | ▼ | 0.63% | -0.49 | 1.12% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.18 | 3.07% |
| Efficiency Ratio (%) | ▲ | 93.81% | -0.76 | 94.58% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.02 | $0 |
| Cost of Funds (%) | ▲ | 1.35% | -0.12 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $146 | -2.40 | $149 |
| Gross Loans ($M) | ▼ | $114 | -11.16 | $125 |
| Loan Growth YoY (%) | ▼ | 92.49% | -6.87 | 99.36% |
| Total Deposits ($M) | ▼ | $122 | -2.85 | $124 |
| Shareholders Equity ($M) | ▲ | $24 | +0.38 | $23 |
| Tang. Book Value ($M) | ▲ | $24 | +0.42 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 92.49% | -6.87 | 99.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.52% | +0.50 | 0.02% |
| Allowance / Loans (%) | — | 1.32% | 0.14% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.64% | +0.62 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▆█ | Net Interest Margin (%) | 3.05% | 3.04% | 3.04% | 3.07% | 3.09% | 3.12% | 3.20% | 3.25% |
| ▁▁▁▅▇▆█▁ | Return on Assets (%) | 0.11% | 0.10% | 0.11% | 0.17% | 0.20% | 0.19% | 0.22% | 0.10% |
| ███▇▇▅▁▆ | Efficiency Ratio (%) | 94.8% | 95.3% | 95.2% | 94.6% | 94.4% | 93.1% | 90.9% | 93.8% |
| ▆██▅▅▄▂▁ | Cost of Funds (%) | 1.50% | 1.56% | 1.54% | 1.47% | 1.46% | 1.44% | 1.39% | 1.35% |
| ▄▂▁▁▄▄▅█ | NPA / Assets (%) | 0.26% | 0.08% | 0.03% | 0.02% | 0.25% | 0.25% | 0.29% | 0.52% |
| ▄▁▁▁▄▄▅█ | Net Charge-Off Ratio (%) | 0.31% | 0.09% | 0.04% | 0.02% | 0.29% | 0.30% | 0.36% | 0.64% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $23 | $23 | $23 | $23 | $23 | $23 | $24 | $24 |
| ██▇▇▆▅▄▁ | Gross Loans ($M) | $127 | $128 | $126 | $125 | $123 | $121 | $120 | $114 |
| █▇▇▅▂▁▁▂ | Total Deposits ($M) | $127 | $126 | $126 | $124 | $121 | $121 | $120 | $122 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 92% |
| Brokered / Other | 5% |