Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.37 | 0.75% |
| Return on Equity (%) | ▲ | 8.37% | +2.31 | 6.06% |
| Net Interest Margin (%) | ▲ | 7.75% | +0.31 | 7.44% |
| Efficiency Ratio (%) | ▲ | 78.35% | -4.02 | 82.37% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $0 |
| Cost of Funds (%) | ▲ | 2.09% | -0.05 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $128 | -0.02 | $128 |
| Gross Loans ($M) | ▼ | $58 | -2.72 | $60 |
| Loan Growth YoY (%) | ▼ | 55.05% | -1.11 | 56.16% |
| Total Deposits ($M) | ▼ | $102 | -2.31 | $105 |
| Shareholders Equity ($M) | ▲ | $18 | +1.80 | $16 |
| Tang. Book Value ($M) | ▲ | $18 | +1.80 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +2.05 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 55.05% | -1.11 | 56.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.42% | -0.35 | 1.77% |
| Allowance / Loans (%) | — | 2.29% | -0.36% | 2.66% |
| Net Charge-Off Ratio (%) | ▲ | 3.15% | -0.60 | 3.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▁▂▁▂▇ | Net Interest Margin (%) | 7.71% | 7.79% | 7.82% | 7.44% | 7.52% | 7.46% | 7.52% | 7.75% |
| █▆▆▂▁▁▂▆ | Return on Assets (%) | 1.39% | 1.13% | 1.17% | 0.75% | 0.60% | 0.60% | 0.74% | 1.13% |
| ▁▁▁▇███▄ | Efficiency Ratio (%) | 73.7% | 73.6% | 74.2% | 82.4% | 82.8% | 83.9% | 82.8% | 78.3% |
| ▁▅█▂▃▂▄▁ | Cost of Funds (%) | 2.12% | 2.24% | 2.34% | 2.13% | 2.18% | 2.14% | 2.21% | 2.09% |
| ▁▁▁██▇▇▇ | NPA / Assets (%) | 0.16% | 0.16% | 0.34% | 1.77% | 1.81% | 1.50% | 1.44% | 1.42% |
| ▁▁▁██▇▇▇ | Net Charge-Off Ratio (%) | 0.31% | 0.31% | 0.68% | 3.75% | 3.87% | 3.39% | 3.15% | 3.15% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $14 | $15 | $15 | $16 | $16 | $17 | $17 | $18 |
| ▇█▆█▄▁▅▃ | Gross Loans ($M) | $60 | $61 | $59 | $60 | $58 | $57 | $59 | $58 |
| ▁▁▃█▇██▇ | Total Deposits ($M) | $93 | $92 | $96 | $105 | $102 | $104 | $103 | $102 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 40% |
| C&I / Commercial | 60% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 24% |