Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.53% | -0.62 | 0.09% |
| Return on Equity (%) | ▼ | -7.06% | -8.32 | 1.26% |
| Net Interest Margin (%) | ▲ | 2.88% | +0.09 | 2.79% |
| Efficiency Ratio (%) | ▲ | 105.99% | -0.75 | 106.74% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.01 | $-0 |
| Cost of Funds (%) | ▼ | 1.73% | +0.15 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $143 | -1.62 | $144 |
| Gross Loans ($M) | ▲ | $111 | +3.48 | $108 |
| Loan Growth YoY (%) | ▲ | 87.39% | +0.11 | 87.28% |
| Total Deposits ($M) | ▲ | $126 | +3.89 | $123 |
| Shareholders Equity ($M) | ▲ | $11 | +0.59 | $10 |
| Tang. Book Value ($M) | ▲ | $11 | +0.59 | $10 |
| Loan / Deposit Ratio (%) | ▲ | 87.39% | +0.11 | 87.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.26 | 0.44% |
| Allowance / Loans (%) | — | 0.72% | -0.07% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.36 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▁▂▅▄▆▆█ | Net Interest Margin (%) | 2.76% | 2.68% | 2.71% | 2.79% | 2.77% | 2.83% | 2.81% | 2.88% |
| ▆▆▅█▆▆▇▁ | Return on Assets (%) | -0.08% | -0.13% | -0.15% | 0.09% | -0.10% | -0.11% | -0.03% | -0.53% |
| ▆█▆▃▄▃▁▂ | Efficiency Ratio (%) | 108.4% | 110.3% | 108.3% | 106.7% | 106.8% | 106.4% | 104.6% | 106.0% |
| ▁▇▃▅▇███ | Cost of Funds (%) | 1.39% | 1.68% | 1.50% | 1.58% | 1.65% | 1.70% | 1.69% | 1.73% |
| ▁▃███▇▆▃ | NPA / Assets (%) | 0.00% | 0.16% | 0.49% | 0.44% | 0.45% | 0.42% | 0.36% | 0.18% |
| ▁▃███▇▆▃ | Net Charge-Off Ratio (%) | 0.00% | 0.22% | 0.65% | 0.58% | 0.59% | 0.56% | 0.48% | 0.22% |
| ▁▃▅▆▆▇██ | Tang. Book Value ($M) | $8 | $9 | $10 | $10 | $10 | $11 | $11 | $11 |
| ▄▃▁▁▃▆█▇ | Gross Loans ($M) | $110 | $109 | $108 | $108 | $109 | $111 | $112 | $111 |
| ▇▅█▁▄▂▇▄ | Total Deposits ($M) | $130 | $128 | $132 | $123 | $127 | $124 | $131 | $126 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 8% |