Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.45% | +0.23 | 0.21% |
| Return on Equity (%) | ▲ | 4.18% | +1.86 | 2.32% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.12 | 3.20% |
| Efficiency Ratio (%) | ▲ | 84.77% | -0.47 | 85.24% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.01 | $0 |
| Cost of Funds (%) | ▲ | 1.31% | -0.06 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $190 | -2.11 | $192 |
| Gross Loans ($M) | ▼ | $84 | -15.02 | $99 |
| Loan Growth YoY (%) | ▼ | 49.37% | -7.53 | 56.91% |
| Total Deposits ($M) | ▼ | $168 | -4.06 | $172 |
| Shareholders Equity ($M) | ▲ | $20 | +1.82 | $18 |
| Tang. Book Value ($M) | ▲ | $20 | +1.82 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +2.57 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 49.37% | -7.53 | 56.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.98% | +0.34 | 0.64% |
| Allowance / Loans (%) | — | 1.48% | 0.18% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 2.20% | +0.97 | 1.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇███ | Net Interest Margin (%) | 3.02% | 2.99% | 3.02% | 3.20% | 3.25% | 3.29% | 3.28% | 3.32% |
| ▁▁▁▄▄▄▅█ | Return on Assets (%) | 0.06% | 0.10% | 0.08% | 0.21% | 0.24% | 0.25% | 0.28% | 0.45% |
| █▅█▁▃▄▄▁ | Efficiency Ratio (%) | 89.8% | 88.0% | 90.1% | 85.2% | 86.2% | 87.0% | 87.3% | 84.8% |
| ██▇▃▁▁▁▂ | Cost of Funds (%) | 1.70% | 1.71% | 1.61% | 1.37% | 1.23% | 1.25% | 1.26% | 1.31% |
| ▁▁▁▂▄▄▆█ | NPA / Assets (%) | 0.54% | 0.57% | 0.56% | 0.64% | 0.75% | 0.74% | 0.83% | 0.98% |
| ▁▁▁▂▄▄▆█ | Net Charge-Off Ratio (%) | 0.99% | 1.09% | 1.08% | 1.23% | 1.51% | 1.56% | 1.80% | 2.20% |
| ▁▅▂▄▆███ | Tang. Book Value ($M) | $17 | $19 | $17 | $18 | $19 | $20 | $20 | $20 |
| █▇▆▅▄▂▁▁ | Gross Loans ($M) | $109 | $105 | $102 | $99 | $95 | $90 | $87 | $84 |
| █▇▆▄▃▂▁▂ | Total Deposits ($M) | $183 | $181 | $177 | $172 | $171 | $168 | $165 | $168 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 16% |
| Consumer | 12% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 18% |