Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.75% | +0.32 | 0.44% |
| Return on Equity (%) | ▲ | 7.69% | +2.64 | 5.05% |
| Net Interest Margin (%) | ▼ | 4.28% | -0.10 | 4.39% |
| Efficiency Ratio (%) | ▲ | 74.44% | -10.66 | 85.10% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.35 | $0 |
| Cost of Funds (%) | ▼ | 1.91% | +0.23 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $233 | +28.61 | $205 |
| Gross Loans ($M) | ▲ | $166 | +16.42 | $149 |
| Loan Growth YoY (%) | ▼ | 78.77% | -0.84 | 79.60% |
| Total Deposits ($M) | ▲ | $208 | +22.53 | $185 |
| Shareholders Equity ($M) | ▲ | $25 | +6.15 | $19 |
| Tang. Book Value ($M) | ▲ | $25 | +6.15 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +6.25 | $20 |
| Loan / Deposit Ratio (%) | ▼ | 78.77% | -0.84 | 79.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.67% | -0.40 | 2.07% |
| Allowance / Loans (%) | — | 1.05% | 0.03% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 1.66% | -0.88 | 2.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▇█▆▃ | Net Interest Margin (%) | 4.09% | 4.09% | 4.07% | 4.39% | 4.65% | 4.74% | 4.51% | 4.28% |
| ▁▁▂▄▆▇▆█ | Return on Assets (%) | 0.24% | 0.28% | 0.33% | 0.44% | 0.62% | 0.66% | 0.61% | 0.75% |
| ████▅▄▄▁ | Efficiency Ratio (%) | 85.3% | 86.2% | 85.5% | 85.1% | 80.5% | 79.5% | 79.7% | 74.4% |
| ██▆▅▄▄▁█ | Cost of Funds (%) | 1.98% | 2.00% | 1.77% | 1.68% | 1.61% | 1.59% | 1.27% | 1.91% |
| ▇█▄▅▃▃▁▃ | NPA / Assets (%) | 2.28% | 2.53% | 1.90% | 2.07% | 1.73% | 1.68% | 1.37% | 1.67% |
| ▆█▄▇▃▃▁▁ | Net Charge-Off Ratio (%) | 2.41% | 2.74% | 2.11% | 2.54% | 1.90% | 1.96% | 1.51% | 1.66% |
| ▁▁▁▂▂▃██ | Tang. Book Value ($M) | $17 | $18 | $18 | $19 | $19 | $19 | $25 | $25 |
| ▁▁▂▂▄▆██ | Gross Loans ($M) | $146 | $145 | $149 | $149 | $155 | $158 | $164 | $166 |
| ▁▁▃▁▁▂█▄ | Total Deposits ($M) | $183 | $179 | $197 | $185 | $184 | $191 | $246 | $208 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 8% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 19% |