Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.17% | -0.01 | 0.17% |
| Return on Equity (%) | — | 0.81% | 0.00 | 0.81% |
| Net Interest Margin (%) | ▲ | 2.99% | +0.27 | 2.72% |
| Efficiency Ratio (%) | ▼ | 92.61% | +0.68 | 91.92% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.00 | $0 |
| Cost of Funds (%) | ▲ | 1.12% | -0.15 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $150 | +5.73 | $145 |
| Gross Loans ($M) | ▼ | $47 | -2.74 | $50 |
| Loan Growth YoY (%) | ▼ | 38.42% | -4.18 | 42.60% |
| Total Deposits ($M) | ▲ | $119 | +5.33 | $114 |
| Shareholders Equity ($M) | ▲ | $31 | +0.39 | $31 |
| Tang. Book Value ($M) | ▲ | $31 | +0.39 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +0.82 | $34 |
| Loan / Deposit Ratio (%) | ▼ | 38.42% | -4.18 | 42.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.02 | 0.10% |
| Allowance / Loans (%) | — | 2.39% | 0.06% | 2.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.04 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 2.43% | 2.44% | 2.48% | 2.72% | 2.78% | 2.83% | 2.86% | 2.99% |
| ▁▁▁▅███▅ | Return on Assets (%) | 0.11% | 0.10% | 0.09% | 0.17% | 0.23% | 0.23% | 0.23% | 0.17% |
| ▇██▄▁▁▁▅ | Efficiency Ratio (%) | 94.5% | 94.8% | 95.5% | 91.9% | 89.4% | 89.3% | 89.4% | 92.6% |
| ▇█▆▃▃▂▂▁ | Cost of Funds (%) | 1.45% | 1.54% | 1.40% | 1.27% | 1.24% | 1.21% | 1.19% | 1.12% |
| ██▇▆▅▁▁▁ | NPA / Assets (%) | 0.11% | 0.10% | 0.10% | 0.10% | 0.09% | 0.08% | 0.08% | 0.08% |
| █▇▆▄▄▁▁▁ | Net Charge-Off Ratio (%) | 0.33% | 0.32% | 0.31% | 0.29% | 0.28% | 0.25% | 0.25% | 0.25% |
| ▁▃▁▃▅▇██ | Tang. Book Value ($M) | $30 | $31 | $30 | $31 | $31 | $31 | $31 | $31 |
| ▁▃▂██▆▄▂ | Gross Loans ($M) | $46 | $47 | $47 | $50 | $49 | $48 | $48 | $47 |
| ▄▃▁▃▆███ | Total Deposits ($M) | $115 | $114 | $112 | $114 | $117 | $119 | $119 | $119 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 11% |