Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.33% | +0.08 | 0.25% |
| Return on Equity (%) | ▲ | 2.44% | +0.49 | 1.95% |
| Net Interest Margin (%) | ▲ | 2.79% | +0.07 | 2.72% |
| Efficiency Ratio (%) | ▲ | 84.12% | -2.70 | 86.83% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.04 | $0 |
| Cost of Funds (%) | ▲ | 1.90% | -0.19 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $209 | +6.87 | $203 |
| Gross Loans ($M) | ▼ | $131 | -0.68 | $132 |
| Loan Growth YoY (%) | ▼ | 94.22% | -6.73 | 100.95% |
| Total Deposits ($M) | ▲ | $139 | +8.52 | $130 |
| Shareholders Equity ($M) | ▲ | $28 | +1.47 | $27 |
| Tang. Book Value ($M) | ▲ | $28 | +1.47 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +1.12 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 94.22% | -6.73 | 100.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.15 | 0.16% |
| Allowance / Loans (%) | — | 0.63% | 0.04% | 0.59% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.25 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▂▁▇▇███ | Net Interest Margin (%) | 2.60% | 2.53% | 2.48% | 2.72% | 2.75% | 2.77% | 2.77% | 2.79% |
| ▃▁▁▄▃▅▅█ | Return on Assets (%) | 0.23% | 0.20% | 0.19% | 0.25% | 0.23% | 0.27% | 0.26% | 0.33% |
| ▇██▅▃▁▁▁ | Efficiency Ratio (%) | 88.5% | 89.8% | 90.0% | 86.8% | 85.6% | 83.7% | 84.2% | 84.1% |
| ▅█▅▄▃▄▂▁ | Cost of Funds (%) | 2.19% | 2.39% | 2.19% | 2.10% | 2.04% | 2.12% | 2.00% | 1.90% |
| ▁▂▂▂▂▂█▇ | NPA / Assets (%) | 0.12% | 0.16% | 0.15% | 0.16% | 0.16% | 0.16% | 0.36% | 0.31% |
| ▁▂▂▂▂▂█▇ | Net Charge-Off Ratio (%) | 0.19% | 0.25% | 0.25% | 0.25% | 0.24% | 0.24% | 0.56% | 0.49% |
| ▁▆▁▄▅▇██ | Tang. Book Value ($M) | $26 | $27 | $26 | $27 | $27 | $28 | $28 | $28 |
| ▃▂▃▂▄█▄▁ | Gross Loans ($M) | $133 | $132 | $133 | $132 | $133 | $136 | $133 | $131 |
| ▁▃█▁▂▂▅█ | Total Deposits ($M) | $129 | $133 | $139 | $130 | $131 | $131 | $135 | $139 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 20% |