Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.37% | +1.06 | -1.43% |
| Return on Equity (%) | ▲ | -2.65% | +7.92 | -10.57% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.83 | 2.48% |
| Efficiency Ratio (%) | ▲ | 110.08% | -42.89 | 152.97% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +1.17 | $-2 |
| Cost of Funds (%) | ▲ | 1.93% | -0.59 | 2.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $396 | -48.96 | $445 |
| Gross Loans ($M) | ▼ | $337 | -51.63 | $389 |
| Loan Growth YoY (%) | ▼ | 99.08% | -1.96 | 101.04% |
| Total Deposits ($M) | ▼ | $336 | -44.31 | $381 |
| Shareholders Equity ($M) | ▼ | $58 | -4.11 | $62 |
| Tang. Book Value ($M) | ▼ | $54 | -3.54 | $58 |
| Loan / Deposit Ratio (%) | ▼ | 99.08% | -1.96 | 101.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.17% | 0.09% | 1.08% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.21% | +1.43 | 17.78% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 1.91% | 1.96% | 2.06% | 2.48% | 2.67% | 2.82% | 2.89% | 3.31% |
| ▆▆▁▂▂▂▃█ | Return on Assets (%) | -0.78% | -0.83% | -1.67% | -1.43% | -1.41% | -1.47% | -1.25% | -0.37% |
| ▇██▆▆▆▅▁ | Efficiency Ratio (%) | 156.4% | 168.3% | 166.9% | 153.0% | 151.0% | 149.8% | 140.7% | 110.1% |
| ██▆▅▃▂▁▂ | Cost of Funds (%) | 3.13% | 3.24% | 2.81% | 2.51% | 2.11% | 2.07% | 1.72% | 1.93% |
| ▁▁▁▁▁▁█▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁▁▁█▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ██▄▃▂▁▁▁ | Tang. Book Value ($M) | $66 | $65 | $59 | $58 | $57 | $55 | $55 | $54 |
| ██▆▄▃▃▁▁ | Gross Loans ($M) | $447 | $440 | $416 | $389 | $377 | $366 | $350 | $337 |
| █▆▅▄▁▁▄▁ | Total Deposits ($M) | $465 | $428 | $403 | $381 | $328 | $337 | $381 | $336 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 25% |