Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.34% | -0.17 | 0.51% |
| Return on Equity (%) | ▼ | 3.38% | -2.24 | 5.62% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.29 | 3.10% |
| Efficiency Ratio (%) | ▲ | 78.38% | -13.56 | 91.94% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $0 |
| Cost of Funds (%) | ▲ | 1.70% | -0.09 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $294 | +8.70 | $285 |
| Gross Loans ($M) | ▼ | $127 | -5.27 | $132 |
| Loan Growth YoY (%) | ▼ | 54.68% | -2.28 | 56.96% |
| Total Deposits ($M) | ▼ | $231 | -0.31 | $231 |
| Shareholders Equity ($M) | ▲ | $29 | +2.48 | $27 |
| Tang. Book Value ($M) | ▲ | $28 | +2.59 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +3.04 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 54.68% | -2.28 | 56.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.76% | +0.54 | 0.22% |
| Allowance / Loans (%) | — | 0.61% | 0.15% | 0.46% |
| Net Charge-Off Ratio (%) | ▼ | 1.68% | +1.32 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.68% | +1.32 | 23.36% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▅▆█ | Net Interest Margin (%) | 2.75% | 2.74% | 2.75% | 3.10% | 3.12% | 3.14% | 3.16% | 3.39% |
| ▁▁▃█▆█▇▅ | Return on Assets (%) | 0.07% | 0.12% | 0.21% | 0.51% | 0.40% | 0.46% | 0.44% | 0.34% |
| █▇█▇▅▃▂▁ | Efficiency Ratio (%) | 94.6% | 91.8% | 92.7% | 91.9% | 87.8% | 83.0% | 82.1% | 78.4% |
| ██▆▃▆▆▃▁ | Cost of Funds (%) | 1.98% | 1.96% | 1.89% | 1.79% | 1.88% | 1.90% | 1.80% | 1.70% |
| ▃▃▂▁▆█▇▇ | NPA / Assets (%) | 0.42% | 0.39% | 0.37% | 0.22% | 0.67% | 0.86% | 0.78% | 0.76% |
| ▃▃▃▁▆███ | Net Charge-Off Ratio (%) | 0.84% | 0.84% | 0.78% | 0.35% | 1.36% | 1.75% | 1.62% | 1.68% |
| ▁▃▅▆▇███ | Tang. Book Value ($M) | $18 | $21 | $23 | $25 | $26 | $27 | $28 | $28 |
| ▂▁█▇█▇▇▄ | Gross Loans ($M) | $124 | $122 | $134 | $132 | $134 | $132 | $132 | $127 |
| ▁▂██▇▆▇█ | Total Deposits ($M) | $203 | $207 | $232 | $231 | $226 | $224 | $225 | $231 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 6% |
| Consumer | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 15% |