Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.54 | 0.26% |
| Return on Equity (%) | ▲ | 6.19% | +3.95 | 2.24% |
| Net Interest Margin (%) | ▲ | 4.56% | +0.59 | 3.97% |
| Efficiency Ratio (%) | ▲ | 78.16% | -13.24 | 91.40% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.27 | $0 |
| Cost of Funds (%) | ▲ | 1.30% | -0.19 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $174 | -6.32 | $181 |
| Gross Loans ($M) | ▼ | $149 | -5.60 | $155 |
| Loan Growth YoY (%) | ▼ | 99.79% | -8.97 | 108.76% |
| Total Deposits ($M) | ▲ | $149 | +7.19 | $142 |
| Shareholders Equity ($M) | ▲ | $23 | +1.64 | $21 |
| Tang. Book Value ($M) | ▲ | $23 | +1.66 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 99.79% | -8.97 | 108.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.37 | 0.53% |
| Allowance / Loans (%) | — | 0.58% | -0.02% | 0.60% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.44 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.76% | +3.06 | 15.71% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 3.60% | 3.62% | 3.69% | 3.97% | 4.14% | 4.23% | 4.26% | 4.56% |
| ▃▄▄▁▅▇▆█ | Return on Assets (%) | 0.40% | 0.50% | 0.52% | 0.26% | 0.58% | 0.69% | 0.64% | 0.80% |
| ▅▃▃█▂▁▂▁ | Efficiency Ratio (%) | 84.9% | 82.8% | 82.6% | 91.4% | 81.0% | 78.7% | 80.5% | 78.2% |
| ▄█▅▃▃▂▂▁ | Cost of Funds (%) | 1.55% | 1.83% | 1.62% | 1.49% | 1.48% | 1.41% | 1.39% | 1.30% |
| ▁▂▄▄▄█▄▁ | NPA / Assets (%) | 0.20% | 0.27% | 0.48% | 0.53% | 0.46% | 0.90% | 0.47% | 0.16% |
| ▁▂▄▅▄█▄▁ | Net Charge-Off Ratio (%) | 0.24% | 0.31% | 0.55% | 0.62% | 0.53% | 1.05% | 0.54% | 0.18% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $20 | $21 | $21 | $21 | $21 | $22 | $22 | $23 |
| ▂██▆▅▃▂▁ | Gross Loans ($M) | $151 | $157 | $157 | $155 | $153 | $152 | $151 | $149 |
| ▁▂▁▄▅▇██ | Total Deposits ($M) | $135 | $138 | $137 | $142 | $142 | $146 | $149 | $149 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 1% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 17% |