Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.53% | -2.74 | 2.22% |
| Return on Equity (%) | ▼ | -3.64% | -23.46 | 19.82% |
| Net Interest Margin (%) | ▼ | 2.31% | -0.20 | 2.50% |
| Efficiency Ratio (%) | ▼ | 111.05% | +42.02 | 69.03% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -1.11 | $1 |
| Cost of Funds (%) | ▼ | 0.98% | +0.13 | 0.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $134 | +6.99 | $127 |
| Gross Loans ($M) | — | $0 | 0.00 | $0 |
| Loan Growth YoY (%) | — | 0.00% | 0.00 | 0.00% |
| Total Deposits ($M) | ▲ | $113 | +2.45 | $111 |
| Shareholders Equity ($M) | ▲ | $19 | +4.07 | $15 |
| Tang. Book Value ($M) | ▲ | $18 | +4.07 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +4.06 | $20 |
| Loan / Deposit Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.00% | — | 0.00% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆█▇▅▄▁ | Net Interest Margin (%) | 2.53% | 2.48% | 2.47% | 2.50% | 2.49% | 2.44% | 2.40% | 2.31% |
| ██▆███▇▁ | Return on Assets (%) | 2.32% | 2.34% | 1.36% | 2.22% | 2.22% | 2.31% | 1.89% | -0.53% |
| ▁▁▃▁▁▁▂█ | Efficiency Ratio (%) | 66.9% | 65.9% | 81.4% | 69.0% | 68.7% | 67.4% | 74.1% | 111.0% |
| ▁▃▄▄▆██▇ | Cost of Funds (%) | 0.71% | 0.79% | 0.86% | 0.85% | 0.91% | 1.02% | 0.99% | 0.98% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▁▂▄▇█▇ | Tang. Book Value ($M) | $13 | $17 | $13 | $14 | $16 | $18 | $20 | $18 |
| ▄▄▄▄▄▄▄▄ | Gross Loans ($M) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| ▁▃▆▅▇▆██ | Total Deposits ($M) | $107 | $109 | $111 | $111 | $112 | $112 | $113 | $113 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 100% |