Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.07% | -0.28 | 0.35% |
| Return on Equity (%) | ▼ | 0.48% | -2.05 | 2.53% |
| Net Interest Margin (%) | ▼ | 2.32% | -0.69 | 3.01% |
| Efficiency Ratio (%) | ▼ | 95.28% | +10.82 | 84.46% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.41 | $1 |
| Cost of Funds (%) | ▲ | 1.94% | -0.19 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $474 | +19.83 | $454 |
| Gross Loans ($M) | ▼ | $370 | -5.71 | $376 |
| Loan Growth YoY (%) | ▼ | 101.92% | -6.92 | 108.83% |
| Total Deposits ($M) | ▲ | $361 | +17.76 | $343 |
| Shareholders Equity ($M) | ▲ | $64 | +0.47 | $64 |
| Tang. Book Value ($M) | ▲ | $64 | +0.47 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +2.46 | $66 |
| Loan / Deposit Ratio (%) | ▼ | 101.92% | -6.92 | 108.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.01 | 0.42% |
| Allowance / Loans (%) | — | 0.59% | -0.01% | 0.59% |
| Net Charge-Off Ratio (%) | ▲ | 0.48% | -0.04 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▅▄▄▃ | Net Interest Margin (%) | 1.97% | 1.98% | 1.98% | 3.01% | 2.60% | 2.49% | 2.43% | 2.32% |
| ▁▁▁█▆▄▄▃ | Return on Assets (%) | -0.08% | -0.06% | -0.08% | 0.35% | 0.20% | 0.13% | 0.12% | 0.07% |
| ███▁▃▄▄▄ | Efficiency Ratio (%) | 105.8% | 105.0% | 106.3% | 84.5% | 90.1% | 93.3% | 94.1% | 95.3% |
| ▅▇█▆▅▅▄▁ | Cost of Funds (%) | 2.09% | 2.14% | 2.21% | 2.13% | 2.11% | 2.09% | 2.07% | 1.94% |
| ███▁▁▂▂▁ | NPA / Assets (%) | 0.93% | 0.92% | 0.90% | 0.42% | 0.38% | 0.50% | 0.49% | 0.43% |
| ███▁▁▂▂▁ | Net Charge-Off Ratio (%) | 1.09% | 1.09% | 1.08% | 0.51% | 0.45% | 0.60% | 0.54% | 0.48% |
| ▁▄▁▅▆▇█▆ | Tang. Book Value ($M) | $63 | $64 | $63 | $64 | $64 | $65 | $65 | $64 |
| █▆▅▄▂▂▁▂ | Gross Loans ($M) | $389 | $383 | $380 | $376 | $371 | $372 | $367 | $370 |
| ▃▂▄▃▂▁▁█ | Total Deposits ($M) | $345 | $341 | $346 | $343 | $342 | $336 | $339 | $361 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 14% |