Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.64% | -0.86 | 3.50% |
| Return on Equity (%) | ▼ | 7.72% | -2.40 | 10.12% |
| Net Interest Margin (%) | ▲ | 5.92% | +0.00 | 5.92% |
| Efficiency Ratio (%) | ▼ | 51.68% | +10.40 | 41.28% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.24 | $1 |
| Cost of Funds (%) | ▲ | 2.09% | -0.11 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $116 | +1.47 | $114 |
| Gross Loans ($M) | ▲ | $104 | +7.47 | $96 |
| Loan Growth YoY (%) | ▲ | 151.74% | +9.71 | 142.03% |
| Total Deposits ($M) | ▲ | $68 | +0.59 | $67 |
| Shareholders Equity ($M) | ▲ | $40 | +1.91 | $38 |
| Tang. Book Value ($M) | ▲ | $40 | +1.79 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 151.74% | +9.71 | 142.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.59 | 0.69% |
| Allowance / Loans (%) | — | 0.48% | -0.01% | 0.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.70 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▁▁▆▆▁ | Net Interest Margin (%) | 6.33% | 6.45% | 6.48% | 5.92% | 5.91% | 6.28% | 6.33% | 5.92% |
| ██▇▇▄▆▅▁ | Return on Assets (%) | 3.63% | 3.76% | 3.57% | 3.50% | 3.11% | 3.35% | 3.28% | 2.64% |
| ▂▁▁▃▄▃▄█ | Efficiency Ratio (%) | 39.8% | 36.7% | 38.0% | 41.3% | 44.2% | 42.2% | 43.3% | 51.7% |
| ▁▄█▃█▃▃▁ | Cost of Funds (%) | 2.04% | 2.23% | 2.54% | 2.20% | 2.56% | 2.17% | 2.20% | 2.09% |
| ▁█▅▃▃▁▁▁ | NPA / Assets (%) | 0.26% | 2.01% | 1.08% | 0.69% | 0.69% | 0.17% | 0.16% | 0.10% |
| ▁█▅▃▃▁▁▁ | Net Charge-Off Ratio (%) | 0.30% | 2.26% | 1.24% | 0.82% | 0.77% | 0.19% | 0.18% | 0.11% |
| ▁▂▄▅▄▆██ | Tang. Book Value ($M) | $36 | $37 | $38 | $38 | $38 | $39 | $40 | $40 |
| ▁▄▂▄▅██▇ | Gross Loans ($M) | $88 | $96 | $92 | $96 | $98 | $105 | $107 | $104 |
| ▂▂▁▅███▆ | Total Deposits ($M) | $61 | $61 | $60 | $67 | $71 | $71 | $72 | $68 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 28% |