Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.27% | -0.16 | 0.43% |
| Return on Equity (%) | ▼ | 1.32% | -0.77 | 2.09% |
| Net Interest Margin (%) | ▼ | 3.38% | -0.08 | 3.46% |
| Efficiency Ratio (%) | ▼ | 90.25% | +5.68 | 84.57% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.09 | $0 |
| Cost of Funds (%) | ▲ | 1.69% | -0.15 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $188 | +6.01 | $181 |
| Gross Loans ($M) | ▼ | $139 | -14.10 | $153 |
| Loan Growth YoY (%) | ▼ | 93.19% | -18.82 | 112.01% |
| Total Deposits ($M) | ▲ | $147 | +12.10 | $135 |
| Shareholders Equity ($M) | ▲ | $38 | +0.72 | $37 |
| Tang. Book Value ($M) | ▲ | $37 | +0.75 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 93.19% | -18.82 | 112.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.50% | +1.41 | 0.09% |
| Allowance / Loans (%) | — | 1.29% | 0.13% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 2.03% | +1.92 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃███▇▆ | Net Interest Margin (%) | 3.14% | 3.20% | 3.26% | 3.46% | 3.49% | 3.47% | 3.43% | 3.38% |
| ▁▂▃███▆▃ | Return on Assets (%) | 0.18% | 0.23% | 0.27% | 0.43% | 0.41% | 0.42% | 0.35% | 0.27% |
| █▇▆▁▂▁▃▆ | Efficiency Ratio (%) | 93.3% | 91.5% | 90.7% | 84.6% | 85.7% | 85.3% | 87.6% | 90.2% |
| ▅▄▄▄▅█▆▁ | Cost of Funds (%) | 1.89% | 1.86% | 1.87% | 1.84% | 1.93% | 2.07% | 1.96% | 1.69% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.08% | 0.18% | 0.10% | 0.09% | 0.16% | 0.16% | 0.15% | 1.50% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.09% | 0.21% | 0.11% | 0.11% | 0.21% | 0.21% | 0.20% | 2.03% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $36 | $36 | $36 | $37 | $37 | $37 | $37 | $37 |
| ▆▇▇█▅▁▃▁ | Gross Loans ($M) | $148 | $151 | $151 | $153 | $146 | $140 | $143 | $139 |
| ▁▂▃▄▅▆██ | Total Deposits ($M) | $123 | $128 | $131 | $135 | $137 | $138 | $146 | $147 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |