Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.24% | +0.21 | 0.02% |
| Return on Equity (%) | ▲ | 2.00% | +1.78 | 0.22% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.29 | 3.99% |
| Efficiency Ratio (%) | ▼ | 92.77% | +2.48 | 90.30% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.05 | $0 |
| Cost of Funds (%) | ▲ | 2.58% | -0.38 | 2.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $229 | +1.86 | $227 |
| Gross Loans ($M) | ▼ | $182 | -5.06 | $187 |
| Loan Growth YoY (%) | ▼ | 89.67% | -2.84 | 92.51% |
| Total Deposits ($M) | ▲ | $201 | +0.68 | $200 |
| Shareholders Equity ($M) | ▲ | $27 | +0.92 | $26 |
| Tang. Book Value ($M) | ▲ | $27 | +0.92 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 89.67% | -2.84 | 92.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.17 | 0.43% |
| Allowance / Loans (%) | — | 1.13% | 0.04% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.25 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▃▆▆▆█ | Net Interest Margin (%) | 3.93% | 3.88% | 3.87% | 3.99% | 4.16% | 4.16% | 4.18% | 4.28% |
| ▃▂▄▁▅██▇ | Return on Assets (%) | 0.10% | 0.09% | 0.16% | 0.02% | 0.17% | 0.27% | 0.29% | 0.24% |
| ███▄▂▁▁▆ | Efficiency Ratio (%) | 95.0% | 95.6% | 95.0% | 90.3% | 88.3% | 86.8% | 87.4% | 92.8% |
| ███▇█▆█▁ | Cost of Funds (%) | 3.03% | 3.05% | 3.01% | 2.96% | 3.03% | 2.92% | 3.05% | 2.58% |
| ▃▁█▅█▁▃▂ | NPA / Assets (%) | 0.33% | 0.21% | 0.64% | 0.43% | 0.63% | 0.21% | 0.35% | 0.26% |
| ▃▁█▄▇▁▃▁ | Net Charge-Off Ratio (%) | 0.40% | 0.27% | 0.85% | 0.53% | 0.72% | 0.22% | 0.40% | 0.27% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $25 | $26 | $26 | $26 | $26 | $27 | $27 | $27 |
| ▁▂▃▇▇█▅▆ | Gross Loans ($M) | $160 | $166 | $171 | $187 | $187 | $193 | $177 | $182 |
| ▁▄▅▆▆█▆▆ | Total Deposits ($M) | $167 | $189 | $199 | $200 | $200 | $218 | $199 | $201 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 22% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 25% |