Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -6.91% | -7.54 | 0.63% |
| Return on Equity (%) | ▼ | -66.07% | -72.16 | 6.09% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.56 | 2.69% |
| Efficiency Ratio (%) | ▼ | 304.78% | +226.74 | 78.05% |
| Pre-Provision Profit ($M) | ▼ | $-3 | -3.30 | $0 |
| Cost of Funds (%) | ▲ | 2.49% | -0.33 | 2.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $168 | -15.54 | $183 |
| Gross Loans ($M) | ▼ | $142 | -4.39 | $146 |
| Loan Growth YoY (%) | ▼ | 93.99% | -0.58 | 94.58% |
| Total Deposits ($M) | ▼ | $150 | -3.70 | $153 |
| Shareholders Equity ($M) | ▼ | $17 | -2.40 | $19 |
| Tang. Book Value ($M) | ▼ | $16 | -2.50 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 93.99% | -0.58 | 94.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.86% | +0.48 | 0.37% |
| Allowance / Loans (%) | — | 0.91% | 0.02% | 0.89% |
| Net Charge-Off Ratio (%) | ▼ | 1.01% | +0.54 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.25% | 2.30% | 2.35% | 2.69% | 2.87% | 2.91% | 2.99% | 3.25% |
| ███████▁ | Return on Assets (%) | -0.12% | -0.13% | -0.02% | 0.63% | 0.53% | 0.30% | 0.35% | -6.91% |
| ▁▁▁▁▁▁▁█ | Efficiency Ratio (%) | 105.6% | 105.7% | 100.8% | 78.0% | 79.2% | 88.8% | 86.5% | 304.8% |
| ███▇▄▅▁▁ | Cost of Funds (%) | 2.89% | 2.92% | 2.88% | 2.82% | 2.67% | 2.75% | 2.53% | 2.49% |
| ▂▃▃▂▁▂▄█ | NPA / Assets (%) | 0.39% | 0.44% | 0.43% | 0.37% | 0.27% | 0.37% | 0.53% | 0.86% |
| ▂▃▃▂▁▂▄█ | Net Charge-Off Ratio (%) | 0.47% | 0.54% | 0.53% | 0.47% | 0.33% | 0.46% | 0.65% | 1.01% |
| █▆▆▆▇▇█▁ | Tang. Book Value ($M) | $19 | $18 | $18 | $18 | $18 | $18 | $19 | $16 |
| ▁▁▅▄█▄▄▂ | Gross Loans ($M) | $139 | $140 | $147 | $146 | $154 | $146 | $146 | $142 |
| ▁▁▄▇██▅▅ | Total Deposits ($M) | $135 | $137 | $145 | $153 | $157 | $159 | $149 | $150 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 18% |