Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.22% | +0.31 | -0.08% |
| Return on Equity (%) | ▲ | 1.13% | +1.58 | -0.45% |
| Net Interest Margin (%) | ▲ | 2.98% | +0.17 | 2.81% |
| Efficiency Ratio (%) | ▲ | 90.83% | -12.39 | 103.23% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.18 | $-0 |
| Cost of Funds (%) | ▲ | 1.27% | -0.05 | 1.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $188 | -1.00 | $189 |
| Gross Loans ($M) | ▲ | $136 | +0.83 | $135 |
| Loan Growth YoY (%) | ▼ | 91.79% | -4.77 | 96.56% |
| Total Deposits ($M) | ▲ | $147 | +8.15 | $139 |
| Shareholders Equity ($M) | ▲ | $37 | +1.31 | $36 |
| Tang. Book Value ($M) | ▲ | $37 | +1.32 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +1.14 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 91.79% | -4.77 | 96.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.04 | 0.12% |
| Allowance / Loans (%) | — | 0.30% | -0.01% | 0.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.05 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▅▆█ | Net Interest Margin (%) | 2.60% | 2.63% | 2.66% | 2.81% | 2.81% | 2.81% | 2.86% | 2.98% |
| ▄▅▆▁▄▆▇█ | Return on Assets (%) | 0.05% | 0.09% | 0.12% | -0.08% | 0.06% | 0.12% | 0.17% | 0.22% |
| ▄▄▃█▅▃▂▁ | Efficiency Ratio (%) | 96.7% | 96.3% | 94.4% | 103.2% | 97.9% | 95.5% | 93.4% | 90.8% |
| ██▃▅▇▅▆▁ | Cost of Funds (%) | 1.37% | 1.37% | 1.31% | 1.33% | 1.36% | 1.33% | 1.34% | 1.27% |
| ▄▁▂▅██▇▇ | NPA / Assets (%) | 0.11% | 0.05% | 0.07% | 0.12% | 0.19% | 0.18% | 0.17% | 0.16% |
| ▄▁▂▅██▇▇ | Net Charge-Off Ratio (%) | 0.16% | 0.07% | 0.10% | 0.17% | 0.26% | 0.26% | 0.23% | 0.22% |
| ▁▅▁▃▃▆██ | Tang. Book Value ($M) | $35 | $36 | $35 | $36 | $36 | $36 | $37 | $37 |
| ▁▃▄▇▆▆▄█ | Gross Loans ($M) | $131 | $133 | $133 | $135 | $134 | $135 | $133 | $136 |
| ▅▂▁▃▃█▆█ | Total Deposits ($M) | $142 | $138 | $136 | $139 | $140 | $147 | $144 | $147 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 14% |