Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.36% | -0.76 | 1.12% |
| Return on Equity (%) | ▼ | 3.78% | -7.06 | 10.84% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.16 | 3.37% |
| Efficiency Ratio (%) | ▼ | 88.62% | +24.60 | 64.02% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.55 | $1 |
| Cost of Funds (%) | ▲ | 1.93% | -0.12 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $313 | +21.21 | $292 |
| Gross Loans ($M) | ▲ | $230 | +6.39 | $224 |
| Loan Growth YoY (%) | ▼ | 80.40% | -5.04 | 85.45% |
| Total Deposits ($M) | ▲ | $283 | +24.37 | $258 |
| Shareholders Equity ($M) | ▼ | $27 | -2.55 | $30 |
| Tang. Book Value ($M) | ▼ | $27 | -2.55 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 80.40% | -5.04 | 85.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.21% | -0.12% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.97% | -1.51 | 13.48% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▅▆▁▅▆█▆ | Net Interest Margin (%) | 3.50% | 3.49% | 3.51% | 3.37% | 3.48% | 3.52% | 3.58% | 3.53% |
| ▇▇█▇███▁ | Return on Assets (%) | 1.13% | 1.13% | 1.27% | 1.12% | 1.30% | 1.31% | 1.35% | 0.36% |
| ▂▂▁▂▁▁▁█ | Efficiency Ratio (%) | 64.0% | 63.8% | 62.9% | 64.0% | 62.4% | 61.1% | 59.8% | 88.6% |
| ▄█▅▅█▅▄▁ | Cost of Funds (%) | 2.03% | 2.15% | 2.07% | 2.05% | 2.16% | 2.06% | 2.03% | 1.93% |
| ▁▁▁▁▆█▄▃ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.01% | 0.00% |
| ▁▁▁▁▆█▄▃ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.01% | 0.01% |
| ▁▂▄▅▆▇█▁ | Tang. Book Value ($M) | $27 | $28 | $29 | $30 | $30 | $31 | $32 | $27 |
| ▁▃▅▆▇▇██ | Gross Loans ($M) | $205 | $212 | $220 | $224 | $225 | $227 | $229 | $230 |
| ▁▁▂▅▅▆▆█ | Total Deposits ($M) | $230 | $236 | $242 | $258 | $257 | $266 | $263 | $283 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 25% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 22% |