Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.76% | -0.05 | -0.71% |
| Return on Equity (%) | ▼ | -5.01% | -0.64 | -4.37% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.10 | 3.23% |
| Efficiency Ratio (%) | ▼ | 126.55% | +6.15 | 120.40% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.08 | $-0 |
| Cost of Funds (%) | ▼ | 1.64% | +0.05 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $122 | +10.40 | $112 |
| Gross Loans ($M) | ▲ | $92 | +4.36 | $87 |
| Loan Growth YoY (%) | ▼ | 95.18% | -6.57 | 101.74% |
| Total Deposits ($M) | ▲ | $95 | +10.46 | $85 |
| Shareholders Equity ($M) | ▼ | $18 | -0.04 | $18 |
| Tang. Book Value ($M) | ▼ | $18 | -0.04 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 95.18% | -6.57 | 101.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.01 | 0.05% |
| Allowance / Loans (%) | — | 1.27% | -0.10% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.01 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅████ | Net Interest Margin (%) | 3.00% | 3.06% | 3.07% | 3.23% | 3.34% | 3.37% | 3.36% | 3.33% |
| ███▁▄▄▄▁ | Return on Assets (%) | 0.51% | 0.43% | 0.38% | -0.71% | -0.25% | -0.18% | -0.15% | -0.76% |
| ▁▁▁▇▆▅▅█ | Efficiency Ratio (%) | 80.8% | 83.1% | 84.9% | 120.4% | 113.2% | 107.3% | 106.1% | 126.6% |
| ▄█▇▄▁▁▄▆ | Cost of Funds (%) | 1.59% | 1.72% | 1.69% | 1.59% | 1.50% | 1.48% | 1.58% | 1.64% |
| ▁▅█▁▁▅▁▁ | NPA / Assets (%) | 0.00% | 0.47% | 0.76% | 0.05% | 0.05% | 0.39% | 0.00% | 0.04% |
| ▁▅█▁▁▅▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.60% | 0.98% | 0.07% | 0.07% | 0.52% | 0.00% | 0.06% |
| ▁█▅▃▆▇█▂ | Tang. Book Value ($M) | $18 | $18 | $18 | $18 | $18 | $18 | $18 | $18 |
| ▁▂▃▃▂▄▇█ | Gross Loans ($M) | $85 | $87 | $88 | $87 | $86 | $88 | $91 | $92 |
| ▂▁▁▁▂▆▇█ | Total Deposits ($M) | $86 | $85 | $85 | $85 | $86 | $92 | $93 | $95 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 12% |