Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.28% | +1.09 | -0.82% |
| Return on Equity (%) | ▲ | 2.82% | +11.68 | -8.86% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.62 | 3.24% |
| Efficiency Ratio (%) | ▲ | 94.09% | -25.68 | 119.77% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.37 | $-0 |
| Cost of Funds (%) | ▲ | 1.71% | -0.27 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $171 | -1.80 | $173 |
| Gross Loans ($M) | ▲ | $138 | +1.01 | $137 |
| Loan Growth YoY (%) | ▲ | 96.23% | +2.59 | 93.64% |
| Total Deposits ($M) | ▼ | $141 | -2.88 | $144 |
| Shareholders Equity ($M) | ▲ | $16 | +0.77 | $15 |
| Tang. Book Value ($M) | ▲ | $16 | +0.77 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 96.23% | +2.59 | 93.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.03 | 0.52% |
| Allowance / Loans (%) | — | 1.00% | 0.03% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.03 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▄▆▇█ | Net Interest Margin (%) | 3.20% | 3.22% | 3.23% | 3.24% | 3.51% | 3.67% | 3.77% | 3.87% |
| ▃▃▄▁▆███ | Return on Assets (%) | -0.50% | -0.43% | -0.37% | -0.82% | -0.04% | 0.18% | 0.30% | 0.28% |
| ▆▆▅█▃▁▁▁ | Efficiency Ratio (%) | 112.0% | 111.0% | 108.0% | 119.8% | 98.3% | 93.6% | 90.9% | 94.1% |
| ███▇▁▁▄▁ | Cost of Funds (%) | 2.03% | 2.04% | 2.05% | 1.98% | 1.68% | 1.68% | 1.82% | 1.71% |
| ▄▅▃▄▁█▇▅ | NPA / Assets (%) | 0.52% | 0.54% | 0.50% | 0.52% | 0.44% | 0.64% | 0.60% | 0.56% |
| ▅▄▃▅▁█▆▆ | Net Charge-Off Ratio (%) | 0.12% | 0.11% | 0.07% | 0.12% | 0.00% | 0.23% | 0.15% | 0.15% |
| ▄▅▄▁▄▆██ | Tang. Book Value ($M) | $16 | $16 | $16 | $15 | $16 | $16 | $16 | $16 |
| ▂▁▂▇██▆█ | Gross Loans ($M) | $127 | $125 | $128 | $137 | $137 | $139 | $134 | $138 |
| █▄▂▆▇▃▁▅ | Total Deposits ($M) | $149 | $141 | $137 | $144 | $146 | $138 | $134 | $141 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 8% |